No. Intel product tend to be more expensive because intel argues they have better features (optane etc).
For many years, people basically only bought intel (unless on a severe budget) until ryzen came out because it actually competed with intels cpus on the same level. AMD's marketing plan is that their products are cheaper (for the same specs) so making their products seem better. And don't get me wrong, I have an AMD ryzen CPU and it's great!
And Ryzen CPUs have more threads than intel because their IPC isn't as good. This is AMDs plan to make you think that their CPUs are better. And they do have their advantages for sure. People buy different CPUs from different manufactures for different reasons.
And just to get this straight, PCs in general are not for 'poor people'. Even entry level PCs are likely quite an expense (for a lot of people). People will argue with this because most people on this fourm have good PCs because they are PC enthusiasts or at least interested in computing but you have to realise that a lot of people simply can't afford the best CPU, GPU fancy RGB etc..