I’m not surprised at all by these results. Call it insight into the 50% of Americans that pay no Federal income taxes.
Also, being financially irresponsible is not confined to just that lower 50%. A lot of people live month to month with no financial planning and no savings. I’ve known people who have $25,000 - $30,000 on credit cards and spend every penny of their paycheck. They pay their expenses first and then blow ALL of the rest. If something comes up like auto repair or an emergency, the cost goes on the credit card. They pay whatever they want to on the cards with no real plan or expectation of paying off the balance. A lot of their money goes to credit card interest.
Just insane. I am talking career professionals here, not burger flippers. They are financially oblivious.
I might need to retire to Italy.