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Like you rightly said, human wants are insatiable the higher your income the higher your financial burden. But with the right knowledge of financial management and growth, one can avoid running into bankruptcy and lack. The one thing to have wants and another thing to put unnecessary wants under subjection.
The problem is that we will always admire more things even when we have enough in our reserves. This is one of the reasons why the rich are always wanting more not minding if others considered them as over sufficiently wealthy. Everyone wants to make more money even when they have enough to spend and eat. The problem comes as a result of the rich don't want to come down and they are ready to do anything to have more money. Money is the root of all evil even at that, money still answers all things that is why people can do anything for money.