“There was a time when a fool and his money were soon parted, but now it happens to everybody” — Adlai Stevenson
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In this quote, Adlai Stevenson is commenting on changing economic conditions. The quote references an old saying that “a fool and his money were soon parted,” meaning foolish people would easily lose or spend all their money.
The best interpretation is that Stevenson felt that economic hardships and the risk of monetary losses had become widespread problems affecting the general population, not just those deemed foolish, as may have been the case in the past according to the old saying.
He saw money issues as indiscriminate and something the average person was vulnerable to, not just those lacking prudence.