The meme is incorrect because it makes it about what the poor person is spending his money on and how frugal the rich person is in terms of dress style as if they work the same job or the poor guy can get to the rich guys level by simply saving. The rich guy has a better job he didn't get there by saving and likely splurges in different ways like living in a private neighborhood, tech, collecting, eating out, personal grooming, or traveling maybe his vice.
I haven't really seen poor nikkas wearing designer. City Trends was and still is popular and besides that there are things like hand me downs and knock offs. I myself got to flex wearing my brothers clothes. Most hood fits are about the shoes.