This is the reason why people have so much debt: the entire economy has become a "competitive market" where those participating in it - employees - barely survive, no matter how much it produces.
No, people have so much debt because they insist on buying things they can't afford. No, you really don't NEED a Tesla. Or even a new car. A five-year-old used car will do fine. Nor do you NEED the latest tech toy. Etc, etc, etc.
So do you agree with me? Because you seem to be saying the same thing I did: employees, in an efficient market, can't afford anything beyond they NEED - in other words, they're just barely surviving. Which is only natural, seeing how "sellers barely survive" is the very definition of economic efficiency in a marketplace, even in the job market.
Which is an awesome thing for anyone who is buying the labour but horrible for those selling it. In fact it's so bad it historically led to the birth of Communism due to unbearable conditions. Sane countries avoided revolution by deliberately introducing inefficiencies - such as labour unions - which forced employee profits up to the point where they could live. The US, on the other hand, uses easy access to credit to hide the truth. But the problem is, debt can't grow forever. As it reaches its limits, both economy and social stability in general deteriorate. The vast majority of people simply can't afford anything.
The US is trying to compensate that problem, in turn, by blaming indebted people for being "irresponsible", when in truth they've done nothing wrong. They simply had the bad luck of being born in a "market liberal" country and believing the lies they were told. Perhaps they could had faced the ugly truth earlier, but in any case the sheer mass of debt build up is forcing the issue now. It'll be interesting to see if US can introduce the necessary inefficiencies to its job market before the smoldering anger passes the tipping point and the country goes up in flames. Judging by comments like yours repeating the frankly stupid propaganda, and the continued arming of the police with military gear, which is odd if the nation doesn't expect to use them in military-style missions against its own population, I'd wager "no".