Life on credit, and I understand that Western civilization was built on it, especially in the USA, during 2nd part of 20th century, is coming to end.
I chose living without credit when I was a kid, perhaps my education helped a bit (B.Sc and M.Sc in economy).
This led me to having two room apartment (owned by me) instead of house under mortgage; new slow 109 hp car instead of 330 hp car I would like to have, scooters instead of sports motorcycle etc.
However, in the long run, it paid off: I might have less than some people who pay 80 % of their salary to pay for things they did not need in the first place, and buy another such thing to the bank during 10 years, but in fact I have more because everything I have is fully owned, I have a bit of cash on the side for rainy days and have in fact invested a lot in my education, making education my biggest personal expense.