I get all the other ones, but how does being 40 with no savings happen? They would have been working for 20 years at that point, isn’t a promotion + reasonable pay raise basically guaranteed in that time?
Many ways to end up there. Falling chronically ill is an easy to understand one, even depression can leave you completely unable to get or keep a half-decent job, but many of the better-paying jobs also require some amount of physical fitness. And if you live in the US, any kind of emergency can single-handedly wipe out all of your savings.
Also spending some time in prison might do it, which often happens for bullshit charges. Or just plain old generational economic deprivation - it’s a feedback loop!
I get all the other ones, but how does being 40 with no savings happen? They would have been working for 20 years at that point, isn’t a promotion + reasonable pay raise basically guaranteed in that time?
Many ways to end up there. Falling chronically ill is an easy to understand one, even depression can leave you completely unable to get or keep a half-decent job, but many of the better-paying jobs also require some amount of physical fitness. And if you live in the US, any kind of emergency can single-handedly wipe out all of your savings.
Also spending some time in prison might do it, which often happens for bullshit charges. Or just plain old generational economic deprivation - it’s a feedback loop!
Did you read… the rest of the words?