My sister for the last 20+ years has had a financial theory that includes things like:
"I'm going to spend what I have now, I'll never live long enough to retire".....she just turned 65.
When her husband had a heart attack last year, I mentioned that the one big positive was that he worked at a good company and LTD should help a lot......"Oh we never signed up for that". Like every single person in his family has had a heart attack in their 50's.
They've been living in this house for at least 15 years. They have nearly zero equity because of 2nd mortgages to pay for things like horses, camaros, golf carts (don't golf), tanning beds, etc.
The sad part is that the husband's income has been good for decades but they have zero to show for it.