I am 36 years old. I have been working since I was 14 years old. I have savings, retirement, and own a home. The only debt my wife and I have is our mortgage and a single car payment for one of our 3 cars.
This is because we live well below our means, budget, save, and plan.
I am 52 years old. I have been working since I was 15 years old. I have no savings, no retirement, and will never own a home before I die.
And there is now a trillionaire.