The problem is one-sided, it's a trope to blame poor people for not being frugal enough when lower income wages have stagnated over the last 40 years. The wealthy in America are relieved of guilt if it's not their fault poor people are poor.

We've systematically gutted social services for the poor while giving tax breaks and subsidies to the rich, then we blame the poor for buying consumer goods (which we market to them and need them to buy) instead of saving their income.