Everyone, no matter what economic class, has the ability to live beyond their means. But I do think they should have more sense than that.

Course some people will buy a house they can't afford anyway. A friend of mine told me someone in her MBA class had one of those McMansions, and she wondered how they afforded it. Apparently, the place had hardly any furniture inside. Of course I don't think their McMansion cost 5.5 million.