Do Software Engineers Invest Their Earnings???

I see a lot of post about engineers getting laid off with more than X amount of years of experience, and having trouble finding another job. What they also make note of, is their money close to running out…I’m starting to believe people get hired for these high TC jobs, then get completely lost the sauce. No investments, no side hustle, or no form of passive income whatsoever. Is the economy genuinely that bad in some areas, or do you believe some of these engineers live a very obvious lifestyle creep/living above their means??

What do you think? How do you guys invest your income? Maybe this will give some of those people a little more insight. Drop it below!