What happens to people who live beyond their means?

I am out of town this week. Please carry on in the astute observations without me.
I chose to bring this piece out again because I am going through a reset of my own entitlements. Several months ago, I trashed or sold most of my stuff. I wanted to purge my attachments, but recent events...
http://ochousingnews.com/blog/what-happens-to-people-who-live-beyond-their-means/