From MJ DeMarco's book The Millionaire Fastlane, they are the average people who don't know a lot about money and regardless of how much they earn, they will spend it all. In the worst case, they spend even more than they have and build a massive debt. Sidewalkers are usually one pay check from being broke, even though they may have a high salary.
He's making six figures, but if he lost his job he's one month from being broke. Stupid sidewalker.