[tensor_rank_0]

> "rich" people in vast amounts of debt aren't rich, they're broke.

not necessarily. if you have a lot of debt, but you hold the title to capital goods that produce income, then you can be very wealthy.

> Rich people are owed money. They have money to spare so they lend it out for interest, see?

indeed, there are rich lendors and rich debtors. that doesn't mean a person who owns factories who has issued a lot of bonds is broke. far from it.

> people who live paycheck to paycheck, minus a few exceptions, do so because their cost of living equals their salary.

cost of living for many people is variable. if you are incentivized to spend your money before it depreciates, that changes the calculus on many decisions, such as how much to spend on housing.

> Your concern for the "poor savers" is touching albeit misguided.

how is it misguided?