It is narrated that the Prophet ﷺ said:

"Praise is due to Allah Who fed us, provided us drink, sufficed us and provided us with shelter, for many a people there is none to suffice and none to provide shelter."

This practice is a form of resource accounting performed at the end of the day. It focuses on the four basic requirements for human survival: food, water, security, and shelter. By explicitly mentioning those who lack these essentials, the prayer provides a factual perspective on one's own relative safety. This prevents "lifestyle creep"—where we start taking basic necessities for granted.