I'm not as lucky, and this almost exactly happened to me. I burned through all my savings just paying rent, eventually losing my apartment and leaving the industry for a few years, then moving back home in a different city. Which of course I was happy to have, but it's a cold and desolate isolated place. Went from a promising development career yo literally working part-time at Starbucks in my late twenties. To this day I have like 8 years of accumulated back taxes to resolve, which will probably end up being a refund at this point.