No.
I was raised solidly middle-class. Both my parents were college educated and worked white-collar jobs (they were both RNs in large hospitals), they owned a large house on several acres of river-front property, and while they were frugal we never went without anything. Our home had three bedrooms, two large bathrooms, and the master suite was a suite with two walk-in closets, a seperate dressing room, and a balcony overlooking the river. It had a dedicated laundry room and an honest-to-God library off the living room as well as a large family/rec room, what today would probably be called a den. It had a garage and a shop and carport big enough for 2 cars. The kitchen was huge with custom cabinetry and it had a proper dedicated dining room. My mom kept the property beautifully manicured with a particular emphasis on roses. Every spring it looked like the cover an issue of Fine Gardening magazine. When I was in my mid-teens they bought a second property nearby with a small house on it as a home for my aging grandmother to live in. Today my father still owns the house I grew up in – my brother lives there now, although it no longer looks like the house I grew up in. My father lives in grandma’s old (smaller but also riverfront) house. I was the oldest of two sons.
My wife grew up in absolute poverty. Her father was a high school dropout who went to Vietnam, came home with a bad back, stayed in the army until his back wouldn’t let him work as a grease monkey anymore, and then earned a CDL and became a truck driver. Her mother is a housewife who did not, and still does not, drive or work outside the home.
When my wife was growing up the family lived in rental houses; the longest tenancy was 10 years, from when my wife was 7 to 17. That house had no heat – a 3 bed, 1 bath home with no heat! – , the bathroom walls were covered in mold that couldn’t be scrubbed off, and there was only enough hot water for maybe two showers a day which had some unfortunate lasting consequences for my wife. The kitchen had a pantry FWIW but very few cabinets and almost no counter space. There was no dining area let alone dining room, the family usually ate off of TV trays in the living room. The laundry hookups were in a far corner of the cold, uninsulated, leaky-roofed garage. At least it had laundry hookups, I guess.
The family had almost not discretionary money. They often had to get food from food pantries and my FIL didn’t let the girls listen to music or have more than one light on because it would raise the power bill too much. Space heaters or electric blankets were absolutely forbidden. Since her mom did not drive my wife and her sisters had to walk everywhere. My wife was the youngest of 3 daughters. My FIL scraped together enough cash to get my wife a very basic car when she turned 16 so then she became the DD for the family, running errands for everyone and taking my MIL shopping.
When my wife was 17 they received an eviction notice and my FIL bought a double-wide in 55+ trailer park, even though he was several years shy of being 55. The house was was brand new and by far the nicest house they had ever lived in. It had a furnace! Two clean bathrooms! An actual laundry room! A kitchen with cabinets and more than a couple square feet of counter space! Room for a dining table! That was 1997 and my in-laws still live there today. Today my FIL has VA disabilty from his injury he recived in Vietnam, has some VA retirement as well, has his public employee retirement (he drove a dump truck for the county for most of his career), and his social security. For the first time in their lives they’re financially stable and comfortable.
Growing up as a pauper did a lot of damage to my wife’s psyche. She’s loathe to spend money on anything that isn’t an absolute essential, she’s hesitant to use hot water (even though we have a quick-recovery, 80 gallon water heater that can provide hot water for 3 showers in quick succession before needing to recharge, something that takes only half an hour or so), and she has some deeply ingrained hoarding tendencies.
However, after meeting my grandmother who was raised in worse circumstances but ended up going to UCLA and earning her PhD, my wife decided to go to college and pull herself up and away from the poverty that held her back her entire life. She ended up earning an AA and then a BA, the first and so far only person in her family to earn a Bachelor’s degree. Her two sisters do not work because “that’s not a woman’s place.” One sister continues to live in poverty. The other has a husband with a good income so they live more comfortably. But that sister has no ownership of her own life, no marketable skills, nothing. Neither sister does. My wife was determined not to be that person. Her mother disapproved of her going to college, claiming it was my job to support her, not her job to support herself. An attitude which explains much of her upbringing. My wife ignored her, thankfully.
I also went to college although it took me a few years to find my footing. I ended up earning both a BA and an MA and have a good teaching job. While we aren’t wealthy by any means – I’m a teacher, after all – we’re more comfortable than anyone else in her family. We own a comfortable home (a stick-built home with a foundation, something that was important to my wife as literally everyone else in her family lives in travel trailers or mobile homes), we have late-model cars in good repair, we have retirement accounts and a healthy savings account, our son is in college which we help pay for, excepting our mortgage and our student loans (which are farily small as we paid for much our college out of pocket)we have no debt, and we take vacations regularly. We’re now in the same socioeconomic strata my parents were.