That's better than a poor person, who does not have access to reasonably priced credit even in the unlikely event they have the collateral. And in reality, the

That's better than a poor person, who does not have access to reasonably priced credit even in the unlikely event they have the collateral. And in reality, the rich often do have access to unsecured credit. They have that credit because they've made money in the past, and even if their current fortunes have turned, creditors and investors will often continue to invest in them.