That's ignoring, of course, that most of the income earners that acquire wealth do so by invest 90% of their discretionary income, instead of spending it. That's where the great majority of millionaires come from, saving.
I'm just about there myself. But if you met me in person, you'd think I'm poor.
Isn't that a different discussion? To invest versus spend? Presumably if you want an education for yourself or your children and you have the means...you will use it for that and not spend it.
The question is the rationality of borrowing for the purposes of investing (in and education, business, home, car, etc.)
Of course one who has not wealth attains it overwhelmingly by investment....which can come in many forms including an investment in an education.
Which is replacing the facist economic model with the socialist.
I love how people excuse the Democrat socialist agenda by pointing out the problems with the Republican facist agenda.
Capitalism? We haven't had that in decades.