There is some problems in society at the moment where we have a want it now mentality.
People want want want, and they become a slave to the loans they have.
I have no debts and we easily survive on a single income that is not very high, we had a 300K mortgage for a huge house in Sydney that was killing us, sold the house and life has never been better.
My parents, me and my brother were living in a 2 bedroom unit with one bathroom, a living area and a small kitchen, and no air con till I was 15, with me and my brother sharing a room. Then they bought a modest 3 bedroom house, with a bathroom, living area kitchen and dining, and air con in the lounge only, and no garage lived there till I was 21 and moved out and bought my own place, a three bedroom townhouse with double garage, already better than what my parents were still living in.
Then build a 6 bedroom 4 garage three bathroom rumpus ducted AC, ducted vacuum etc etc 50 square home........was nice to live in, but lost all my life, just working working working, and always struggling. Finally sold it last year, and moved into a modest 4 bedroom in the country, this is living.
No need for two incomes, get to spend time with family, go fishing, go hunting, train etc etc. When I finish work the misses has everything done so we have time to do stuff, go away for week ends, go camping etc etc.