well, that’s three things.
Joblessness
Near Poverty, OR
Reliance on Welfare
So 80% starts looking a LOT less amazing when you think of how many people are unemployed for some period of time in their adult lives.
The first time you get laid off, it is the most frightening thing imaginable. The second time is a lot less frightening. The third time, it’s “ho-hum, here we go again.” Speaking from personal experience, here. Working for very small companies has a lot of risks.