I have come to the idea that its, hard times makes scammers which eventually people close fisted with their money are less likely to be scammed.
But eventually people become loose with their money when they feel they have enough and use it poorly and then we have an abundance of overpaid charlatans.

And right now we are still seeing so many with such an endless amount of money they can't even feel the draining of their wealth by scammers. So the cycle is not working so well.