I grew up in the suburbs in a two parent home. We would be what you would consider "rich" by some standards. Both parents had cars and I had my own bedroom.
But I didn't go to college after high school and things kinda spiraled downhill. Also, I have some psychiatric problems.
Nowadays at 49 years old (I'll be 50 in a few weeks) I'm what would be considered "poor". I'm on SSI, Food Stamps and Section 8 housing. I barely have enough to get by from month to month.
So I feel like I've experienced both sides of the fence.