That was debunked as a misleading interpretation, e.g. https://www.jpmorganchase.com/institute/all-topics/financial... . The graph very specifically says "...using cash or its equivalent".

Generally, lots of debt, but they still do it. I know people who go into debt for “fun” purchases, then complain that their credit card bills are so high they can’t afford anything

Let them eat crow.

I'm absolutely not saying this alone is sufficient - particularly if you're unemployed or your job truly doesn't pay a living wage. There are absolutely people who don't make enough to survive - and that's a bigger problem of course.