Right there with you, man. A few years ago, an ex-friend stole my entire life savings. I'd spent my whole life meticulously saving and investing. Then in one phone call, on my birthday, ironically, my ex-business partner gutted my life. The government, the so-called seat of authority, didn't care despite the mountains of legal evidence I had. Because I no longer had money. I've never been able to even partly recover. When you're poor, you're treated like manure in the US. From law enforcement to the government to landlords to businesses--even average people in the streets--most judge you by the social caste you belong to. And a slew of reproducible research studies record how your access to and treatment by critical services like health care and the legal system are determined largely by your socioeconomics--illegally but reliably.
Yes, when you lose all your money, especially in a culture that punishes people for, ironically, not committing suicide and, therefore, getting older, you can become trash.