When timing belts breaks, shreds, tears, chip, blows up, gets stolen, basically once the car is no longer in time because the cams are not moving, the car is going to stop working

.
As to how belts wear depends on the condition. Oil soaked belts such as the front seals going out will fail more soon. My oil soaked belt in my Cressida had failed at around 76K since everything on the front end was leaking. The belt shreaded after dropping off a friend and was going up a steep incline. Not racing the engine or anything. Just going up hill at around 35mph when right after clearing the hill, the engine shut off. Not sure if it was the original TB or not. Other belts may fail because they crack or snap ( like above), but I would think that is more of a failure because of age and the heat cycles.
I've known people push
way past the recommended time to do the TB. Most times, people are on burrowed time because when the first owner sells the car, the second owner is just trying to get a decent daily driver without doing all the 'recommended' maintenance the first owner didn't want to do (why they sold the car) due to the miles. The only time when someone must do a TB job is if the belt goes, their car is leaking a ton of oil either from the front seals or valve cover (or they can't park at home b/c of that) ,tensioner or WP decides to bite the bullet and is dying or ded.
We, although are the exception :nerd: as we want to repair stuff before your stranded in the middle of traffic on the day of thanksgiving