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November 27, 2017

Sometimes good advice on money is bad for you

  • Good money advice for high earners could be lousy for low earners, and vice versa.
  • By LIZ WESTON
    NerdWallet

    Discussing economic class is tricky in America, but the working and middle classes face vastly different financial challenges than upper-income families, and the gaps are growing wider. Good money advice for high earners could be lousy for low earners, and vice versa.

    For example, certified financial planners recommend saving a three-month emergency fund before tackling other money goals.


     
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