Can people live on Saturn's asteroid ring?

Earth is overpopulated and needs somewhere to create a settlement. If they decided to settle on Saturn's asteroid ring and If the people who are making the settlement have the technology we currently have now and had a trillion dollar budget to build a settlement, could it actually work properly and will it be self-sustained? It is a city kind of settlement so no mining would be done for earth's economical purposes but only to help the settlement build so it can't buy. It has to be self-sustaining so it can't buy or bring anything else from earth. Pretty much no contact to earth after the settlement would be built.

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Can people live on Saturn's asteroid ring?

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