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by markdown
4505 days ago
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I'm curious about why he would even need insurance. Someone of his skill, who has presumably received a six figure salary for decade(s?). He would be in the wealthiest 1% of the entire world population, yet needs donations. What does that mean for the billions of others? |
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We've got no idea what Richard earned, but saying "six figures" can make it sound fabulously wealthy. $999,999 is six figures. So is $100,000. $100k in suburban Chicago raising a family is quite possible, but likely isn't going to leave a whole lot of room for savings. He may have had moderate savings that were wiped out in 2008. He may have had savings and needed to drain those to pay for another medical situation in his family earlier. We just don't know the details.
1%? Hardly. Someone earning $100k might be in the top 10% - http://www.financialsamurai.com/how-much-money-do-the-top-in... - still obviously towards the top, but the phrase "1%" has other "occupy" connotations that simply don'y apply to Richard.