FWIW, you could argue that they are failing to handle their economic situation as well as they could.

But even that is fraught, since, in the current economic culture, consumers are pretty much constantly being preyed on, and actively encouraged to make questionable decisions. Consider, for example, the predatory mortgage practices on the part of the banking industry during the 2000s. Or predatory lending practices on the part of the student loan and private college industries. Or payday loan companies.

(There's arguably a double standard there - if it's a person with relatively little money swindling people out of relatively small amounts of money, it's con artistry. If it's a company with lots of money swindling people out of lots of money, caveat emptor.)