living in America is not as simple as you put it. Even though I don't know the details, it does not appear that Steve was reckless with his finances.
Don't let the lack of details about this situation make you guess the worst about him.
you see,this is amongst the many various reasons why i find the euro system more fair and human.
can call it socialist,i dont care.
as for how this can happen at age 40+, many ppl out there are always near a cliff financialy,one or few months away from bankrupcy if unemployed,depending on financial obligations.
esp with kids, life can make a turn for bad like out of nowhere.
here the ppl are more relaxed they know,just in case, they can get unemployment service to carry on or event he dole money after that,guranteing the minimum standard.ppl know they can always reover,losing roof over head doesnt happen.(unless total loss of self control).
what the americans dont get, misuse of social services is still frowned upon.its just there "in case"
nobody going here roofless or hungry.does it cost me tax money?hell yes but dont care.ready to pay for it.,
fairness and eace come with pricetag.dont want to walk around armed bc neigor could be in dire financal straits and do some stupid crime.hell no.
and rather pay for that than excessive military spending with questionable foreign policy.
and,the nation here is still open and very good ground for capitalism enterprises.one can exist with the other,its prefect, or as good as it gets.