FYI: Chris Rock joked that Bill Gates would jump out the window if he woke up with Oprah’s money. Like most comedy, it’s funny because it contains a nugget of truth.
Last month a group published a study arguing Americans need $2,467 in emergency savings to avoid falling into a poverty trap, where poor begets poor. If you find that number curiously low, congratulations, you have higher spending expectations than most Americans.
Regards,
Ted
https://www.collaborativefund.com/blog/the-spectrum-of-wealth/
