it is said that when more revenue comes lifestyle increases, then debt also and so forth..
is this cliche or close to real in western world..
i am thinking of scenarios like this: 2 family who earn differently, one more than the other, but they drive the same kind of cars (6 year old minivan) as the other family and own the same kind of home(150k range townhouses);
is this what the above phrase means.. because either one family is living above their means or one living below their capacity, one might save and one might go paycheck to paycheck?
what may be practical things in modern western world that makes it hard to cap in on credit card or other debt, in spite of occasional increments in salary?