What often baffles me is the "buy a whole bunch of things on credit", and then get laid off and have not a penny left. I've seen stories of actors in Hollywood

What often baffles me is the "buy a whole bunch of things on credit", and then get laid off and have not a penny left. I've seen stories of actors in Hollywood banking $15M from a movie, buying all sorts of property with mortgages, boats, cars, all on credit, then losing it all due to default without that next movie. Behaviour indeed.