I’ve been around rich people, I’ve been around poor people. I am fortunate enough to be well off today but that’s not where I come from, I grew up around people

I’ve been around rich people, I’ve been around poor people. I am fortunate enough to be well off today but that’s not where I come from, I grew up around people in poverty. There are rich people who are bad with money, there are poor people who are bad with money. The only difference is that rich people have a much greater ability to tolerate financial mistakes. I can burn $10k and absorb the consequences, a person in poverty cannot. Poor people are no less equipped to make use of money than rich people: credit card debt is a huge problem _amongst the middle-class_. For every poor person who can’t afford to feed their family, there’s a middle-class person who can only afford to feed their family because they make so much more money and would be even worse off if they didn’t have such a high income. There’s no evidence that poor people are any more “bad with money” than rich people.