Earlier quoted context omitted.
Making more money means more people will be willing to give you the rope to hang yourself with. People aren't as willing to lend money to people who don't have a means to pay it back, but someone can be doing well, take out a decent amount of debt ("buy" a car, "buy" a house, take out loans for education, etc), suffer a health or career setback, long periods of unemployment, and it starts a debt that spirals out of c…
Makes sense! Currently going through this right now. Got laid off, have maxed out all my credit cards, and spend my days studying for additional certs or spamming LinkedIn/Indeed/Angel. Nest egg is completely gone, and at this point, might just start applying for minimum wage jobs just to get some form of income coming in. That also means less time focusing on studies and applying for jobs, so it's a lose lose.
If you have friends or family that want to help out, try not to be too proud and let them (at least as far as accepting free meals and whatnot). I always felt uncomfortable "mooching" off people, but it really helped me get through that period without being totally miserable. I never asked for it, but I did accept it when offered.
As a side effect of what I went through, once I paid off my credit cards I have yet to take out another one (still haven't) years later, and I avoided taking on any new debt as much as possible. I was really hesitant to "buy" a house and bought one a lot later than I probably should have, and thus forewent years and years of building up equity (I only bought a house a year ago, and probably could have 5 or 6 years ago, in retrospect). It really screwed with my head, mentally.