[sgt101]

If you are rich you have a number of advantages in a crisis of any sort, global or personal. If you are rich you can diversify your assets away from property and cash - into commodities, stocks, bonds, art, luxury goods, gold and so on. If you are rich you can loose significant percentages, even the majority of your net worth and not worry. This allows you to have liquidity when assets are very cheap, at the bottom, and then you can get those assets! In a crisis there is more bad luck about, poor people are wiped out by a drip of bad luck, rich people need a big dollop, only a few people get a big dollop of bad luck. Only the tail of the distribution of rich people are wiped out, the tail of poor people don't.