When I read stats like this I'm reminded of my younger days when I was financially illiterate and didn't keep a functional budget. Credit card was always carrying a balance and I was frequently dipping into my overdraft.
I am certainly more privileged now with a half decent salary, my own house, no kids and enough in the bank keep me afloat through next month without reaching for my savings, but I know for a fact that if I hadn't gotten smarter about my spending I would not be in this position.

What isn't cool, and I'm feeling it also, is how little I'm able to put away for retirement now that the cost of living is so wildly out of control. Basically all of my income is going towards bill payments and necessities, with only a small amount reserved for fun money to keep me sane and nothing left over for when I turn 65 or 80 or whatever retirement age will end up being.