I don't think money is the issue. You cannot easily make a career out of music. Most folkies have day jobs, the average folky is older and more likely to have a family than they were in the '60s. Free time is at a premium and I for one can find time to practice only at irregular, antisocial hours, so that material is all performed solo. I also play with family members, we "practice" regularly at family get-togethers in much the same way as freebie gigs are practices, we keep the stuff that works. Really, for each of us in the family band, we are backing one person's solo material when we play.

I would love to commit to a proper band, but don't have the time.