[SilasX]

Assume some charity here. Everyone was speaking in generalities about the trend. You can always find non-central, imperspicuous examples, but that's not really responsive. (Scott Adams has made the acronym BOCTAOE, but of course there are obvious exceptions, to head off such replies.)

The recognition that something -- like your case -- is an extreme exception proves the general validity of the rule. (Yes, I know there's a frequently misused version of the quote, but I use this modified, correct version.)

>That’s only true if you are already bad at personal finance.

That's kind of the point: you can't just assume away the case of "people making bad financial decisions", and that might be -- and probably is here -- the reason for the trend.