This was despite the fact that many worked in the financial services sector and held down perfectly decent jobs. Though irrational, the fear is so common that there are now several names for it, including 'tramp syndrome'. Women suffer from it more than men, despite the fact that 90% of homeless people are male. The root of this affliction goes back to cave-dwelling days, when women had to be protected by burly men carrying big sticks, while they looked after their young. But now there is no excuse. Treatment for sufferers involves reviewing the state of the finances, investing carefully and putting enough money away - enough, that is, to prevent a life on the streets should the worst come to the worst. The fear of Bag Lady Syndrome is generally enough to protect the person from ending up homeless, so as far as fears go, this is a pretty good one to have.
The mutual's days have been numbered ever since its 1990s fall from grace. So what does good business look like when growth is no longer an option?
Lessons from a Roman Emperor, a US computer giant and a British bank.
We've made progress when it comes to improving diversity, but the UK's approach to inclusion shows that it just isn't working.
The Sports Direct founder has shown his trademark boldness in acquiring House of Fraser, but does he have the creativity to turn it around, asks Superunion CEO Jim Prior.
There are dangerous consequences of labelling play as unprofessional, say professors Mark Dodgson and David Gann.
Values are very fashionable, but it's a brave boss who'll cut the dividend for a higher purpose.