Maybe I read the article too fast but I didn’t get that takeaway at all? It’s basically just saying that the uninsured catastrophic event risk in America magni

Maybe I read the article too fast but I didn’t get that takeaway at all? It’s basically just saying that the uninsured catastrophic event risk in America magnifies shock events. E.g., if you have a major hospital visit in America you’re way more likely to regret not saving enough, but in Singapore there’s basically no effect since hospital stays don’t drain your savings account.