My dad and alot of people earn 50k and I wonder how could someone not cross the 1 LPM mark at 50+

I'm talking about the lower middle class folks whose parents earn less than 50k even in this inflated economy and that too liable for some 20,25k emis. I wonder how could it be true even with experience of 25,30 years. We as their child have to suffer as majority of families are middle/upper middle class with alot of generational as well as parental wealth and here I am with nothing there to my name and a degree from local college (where placements ain't even a thing). I feel inferior and demotivated when I see others enjoying their parent's money and going aborad for education just because they can afford it. Even for an MBA I need to take a loan unlike these lucky people.