UPDATE: Original subject was: "Routine update to 9.2.0 resulted in deleting my data files"
Culprit was actually a Mac cleanup utility called "Mole" - solved by OP
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SUMMARY
Quicken Classic for Mac 9.2.0 update offered a "clean up files" step that
deleted the live data file AND the entire automatic backup history, then
displayed a misleading error blaming the user. Recovery required an
external Time Machine backup.
ENVIRONMENT
Quicken Classic Home & Business 9.2.0 (build 902.61767.100)
Upgraded from build 901.61363.100
macOS 26.5.2, Mac mini (Mac14,12 / M2 Pro, Apple Silicon)
Date: 2026-08-17, times US Eastern
WHAT HAPPENED
08:28:46 Update to 9.2.0 begins; prior app bundle moved to Trash.
~08:30 Quicken presents a dialog offering to "clean up" a list of
roughly 15-20 files. I accepted.
~08:30 Both of these directories are deleted:
~/Library/Application Support/Quicken/Documents/
- contained Latest.quicken, my LIVE data file
(175 MB, last saved 2026-07-25 15:41)
~/Library/Application Support/Quicken/Backups/
- contained ~20 .quickenbackup files, the entire
automatic backup history back to 2024-01-16,
including all "Pre-Update" backups
(Deletion time inferred from the parent directory's mtime
of 08:30:14; both subdirectories were gone by then.)
08:30-08:33 Quicken relaunches three times (PIDs 63466, 63509, 63521).
On entering my file password, Quicken displays a message to the effect
of "You should not delete files while Quicken is running," then quits.
08:38:59 Quicken exits.
On next launch, Quicken presents the new-user / setup splash screen, as
though no data file had ever existed.
EXPECTED BEHAVIOR
A cleanup routine should never propose deleting the live data file or
the automatic backup history. If it somehow does, it should refuse to
act on a data file belonging to the running application.
ACTUAL BEHAVIOR AND IMPACT
Total loss of the live data file and every automatic backup, from a
single dialog accepted during a routine update. The error message
attributes the deletion to the user, when Quicken's own cleanup
performed it.
Most deleted items did NOT go to the Trash. The Trash contained only
superseded app bundles and unrelated 2024-era leftovers, so "restore
from Trash" did not recover anything.
WHY THIS IS SEVERE
The live file and its backups were deleted in the same operation, which
removes every in-product recovery path simultaneously. Any user without
an independent, external, versioned backup would have permanently lost
their financial records. Recovery here was only possible because an
hourly Time Machine backup had run at 07:59, 29 minutes before the
update began.
ADDITIONAL NOTES
Restoring from Time Machine has its own hazard worth documenting for
support staff: Time Machine stamps files with an ACL of
"group:everyone deny write,delete,append,writeattr,writeextattr,chown".
Copying with ditto propagates that ACL and leaves the restored data
file unwritable by Quicken. Restoring with cp and then stripping ACLs
(chmod -RN) is required.
I have since relocated my data file and backups out of
~/Library/Application Support/Quicken/ entirely, on the assumption that
anything inside that directory is subject to this cleanup routine.