Most people I know who make less than $50k a year and are between the age of 19-25 have better money management skills / perception of money than my peers makin

Most people I know who make less than $50k a year and are between the age of 19-25 have better money management skills / perception of money than my peers making $100k and up. Many have similar social lives, I think it boils down to perception and realizing what it's really like to go broke. Most people who don't come from means know the emotional / mental value of not freaking out about money constantly, while those who come from money or just spend like there's no tomorrow seem to feel like buying out to their ego's delight will lead to a life they want. It's bizarre to watch. Some of my friends think it's normal to have $40k+ in credit card debt or $80k+ in student loans and still have a $100 gym membership and blow money like crazy. Again, bizarre to watch.