$5000 would absolutely be life changing for me as an American, yes.
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Disclaimer, not an American. I'm answering with my perspective for what it's worth and because no one else has.
From what I'm able to see here, there's a lot of Americans who are doing absolutely fine. Many of them. Seems there's enough who are that the ones who complain about their unreasonable treatment don't have enough voice to change things.
It's true that every human society has rich and poor, the ones with abundance and those who struggle. The weird part from where I'm standing is that not every Human society declares itself the Greatest country in the world.
I wonder how much that kind of propaganda impacts on people's ability to see the flaws and make the changes. Seems many Americans don't even see the systemic problems there as problems. They see the people struggling as the problem.
When I hear stories of things like children who refuse to swear an oath of loyalty every morning being shamed and ostracised I really do fear for their ability to be honest with each other.
I am 17 poor and too privileged to complain.