From Wiki- Normalcy bias, or normality bias, is a cognitive bias which leads people to disbelieve or minimize threat warnings. Consequently, individuals underestimate the likelihood of a disaster, when it might affect them, and its potential adverse effects. The normalcy bias causes many people to not adequately prepare for natural disasters, market crashes, and calamities caused by human error. About 70% of people reportedly display normalcy bias during a disaster. The normalcy bias can manifest in response to warnings about disasters and actual catastrophes. Such disasters include market crashes, motor vehicle accidents, natural disasters like a tsunami, and war. Normalcy bias has also been called analysis paralysis, the ostrich effect, and by first responders, the negative panic. The opposite of normalcy bias is overreaction, or worst-case scenario bias, in which small deviations from normality are dealt with as signals of an impending catastrophe.
A classic example was Ukraine. People were warned to leave, Russia was surrounding the country for months and months, and most stayed. They really never thought Russia would invade, despite the obvious signs. The very wealthy never worry either. I heard this quote two days ago and it really stuck with me-
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason. But the privileged also feel that their privileges, however egregious they may seem to others, are a solemn, basic, God-given right- John Kenneth Galbraith, Canadian Economist.