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Consider financially responsible people in their 50’s and 60’s that have had decades to save. There are plenty of “regular”, middle class people with this type
by eric_cc 4y ago
Consider financially responsible people in their 50’s and 60’s that have had decades to save. There are plenty of “regular”, middle class people with this type of savings in their account.
- DubiousPusher 4y agoIf you have that much in liquid cash, you meet virtually no definition of the term "middle class". You are upper middle class at leadt and you probably have a financial advisor who is telling you that you shouldn't locate all your money in one account unless it is yielding in a way that justifies such a risk. At least I hope you do.
- solveit 4y agoOr you're just old and you don't believe in investing. Lots of people are like this.
- DubiousPusher 4y agoI concede that edge case. My dad hides cash in coffee cans.