[mikem170]

Then again having an extra $2k in the bank might prove beneficial - perhaps preventing a personal catastrophe in a the near future. Or open doors that might make a significant difference down the road.

Risk is complicated, anything could happen. Not just doom and gloom. Individuals circumstances and appetite for risk versus reward varies.

[neilv]

Agreed, but, say, a 20yo who's never had anything go significantly wrong for them, might not even consider that something bad could happen.

In that case, the appetite for risk versus reward is only appetite for reward.

If risks pointed out, at least that's closer to an informed choice they're making, and maybe they'll do the same risky thing but now be more careful about mitigating risk as they do.

(Source: Person who's bet it all at least a few times, and about to do so again, but finding ways to avoid stupid decisions and mitigate risks along the way.)