True, it's a very, very sad state when people SUDDENLY, almost OVERNIGHT, realize that they are broke and homeless.
Personally, I think that many people ignore what they don't want to deal with and simply refuse to "save for a rainy day" and INSIST on "living for today" as their M.O. Nice if you are a bunny rabbit.
Think of the billions of people who don't have a government nipple on which to suckle. They have to work or depend on family.
Some are reduced to living day to day after years of reduced economic circumstance depletes their savings.