That's maybe a part, but not the whole story.

Your (and your parents', and your peers') real and perceived economic circumstances and opportunities have a lot to do with what you'll value and prioritize as an adult - how invested and loyal you'll be in society. Every poor person we generate due to greedy decisions has a very high likelihood of being a destructive force back to us.

Now consider how many poor people were generated by black slavery, segregation, and explicit racism in America, and how, in a society, we all just swim around in the same trauma soup, deflecting pain towards one another.

Education was destroyed by the same people who forced corporate news down our throats.

Almost none of my well educated professional-managerial class peers have developed class consciousness. They seem to be even more class clueless than blue & pink collar workers.