He's doing what all the "everybody could be rich if they just did X" jackasses do: see some people who don't have money make bad decisions and generalize it to all people who don't have money.

Middle aged parents with 2-3 kids and jobs in the $40k to $60k range aren't going out all the time, buying the latest gadget, buying new cars, etc. They're scraping by.

They could do some "personal development" if they had the time and energy after working full time and caring for children. But they don't.

Actually I'd like to see a comparison of the number of people in different income groups who "splurge" on the stuff Buffet is accusing them of versus those who have to "splurge" on an unexpected expense like a medical condition or fixing a broken car or an unexpected home repair. I'm betting people actually end up spending money on the latter way more than the former.

And it's just disgusting hearing him complain about people using credit cards when he and all the other economic vampires in his cohort have been purposefully restricting wage growth since the 1970s when they introduced credit cards as a trap for young people who expected their quality of life to increase with increasing productivity the way it had for decades before.