His Divine Grace A.C. Bhaktivedanta Swami Prabhpada : The Fate of the Unsuccessful Yogī.

Don't despair, those on the Path who failed in previous lives are to be reborn into families of aristocracy, merchants or yogis and transcendentalists. This makes it easier for them to develop further their Krishna Consciousness without having to worry about having to struggle for an income. The main goal for all of humanity is liberation, but in Kali Yuga people are most removed from G-d.

Don't despair, says Krishna in Bhagavad Gita, my devotee will never perish, not in this world or the next.

Monarchies are under pressure, but the ancient Vedas teach that people are more happy under the guidance of a holy King than under a president.

Source : https://vedabase.io/en/library/poy/6/

“The unsuccessful yogī, after many, many years of enjoyment on the planets of the pious living entities, is born into a family of righteous people, or into a family of rich aristocracy. Or he takes his birth in a family of transcendentalists who are surely great in wisdom. Verily, such a birth is rare in this world.” (Bg. 6.41–42) There are many planets in the universe, and on the higher planets there are greater comforts, the duration of life is longer, and the inhabitants are more religious and godly. Since it is said that six months on earth is equal to one day on the higher planets, the unsuccessful yogī stays on these higher planets for many, many years. Vedic literatures describe their lifetimes as lasting ten thousand years. So even if one is a failure, he is promoted to these higher planets. But one cannot remain there perpetually. When the fruits or the results of one’s pious activities expire, he has to return to earth. Yet even upon returning to this planet, the unsuccessful yogī meets with fortunate circumstances, for he takes his birth in either a very rich family or a pious one.

Generally, according to the law of karma, if one enacts pious deeds, he is rewarded in the next life by birth into a very aristocratic family or into a very wealthy family, or he becomes a great scholar, or he is born very beautiful. In any case, those who sincerely begin spiritual life are guaranteed human birth in the next life – not only human birth, but birth into either a very pious or a very wealthy family. Thus one with such a good birth should understand that his fortune is due to his previous pious activities and to God’s grace. These facilities are given by the Lord, who is always willing to give us the means to attain Him. Kṛṣṇa simply wants to see that we are sincere. In the Śrīmad-Bhāgavatam it is stated that every particular person has his own duty in life, regardless of his position and regardless of his society. If, however, he gives up his prescribed duty and somehow – either out of sentiment or association or craziness or whatever – takes shelter of Kṛṣṇa, and if, due to his immaturity, he falls from the devotional path, still there is no loss for him. On the other hand, if a person executes his duties perfectly but does not approach God, then what does he earn? His life is indeed without benefit. But a person who has approached Kṛṣṇa is better situated, even though he may fall down from the yogic platform.

Kṛṣṇa further indicates that of all good families to be born into – families of successful merchants or philosophers or meditators – the best is the family of yogīs. One who takes birth in a very rich family may be misled. It is normal for a man who is given great riches to try to enjoy those riches; thus rich men’s sons often become drunkards or prostitute hunters. Similarly, one who takes birth in a pious family or in a brahminical family often becomes very puffed up and proud, thinking, “I am a brāhmaṇa; I am a pious man.” There is chance of degradation in both rich and pious families, but one who takes birth in a family of yogīs or of devotees has a much better chance of cultivating again that spiritual life from which he has fallen. Kṛṣṇa tells Arjuna,

tatra taṁ buddhi-saṁyogaṁ
labhate paurva-dehikam
yatate ca tato bhūyaḥ
saṁsiddhau kuru-nandana

“On taking such a birth, he again revives the divine consciousness of his previous life, and he tries to make further progress in order to achieve complete success, O son of Kuru.” (Bg. 6.43)

Being born in a family of those who execute yoga or devotional service, one remembers his spiritual activities executed in his previous life. Anyone who takes to Kṛṣṇa consciousness seriously is not an ordinary person; he must have taken to the same process in his previous life. Why is this?

pūrvābhyāsena tenaiva
hriyate hy avaśo ’pi saḥ

“By virtue of the divine consciousness of his previous life, he automatically becomes attracted to the yogic principles – even without seeking them.” (Bg. 6.44) In the material world, we have experience that we do not carry our assets from one life to another. I may have millions of dollars in the bank, but as soon as my body is finished, my bank balance is also. At death, the bank balance does not go with me; it remains in the bank to be enjoyed by somebody else. This is not the case with spiritual culture. Even if one enacts a very small amount on the spiritual platform, he takes that with him to his next life, and he picks up again from that point.