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If a global pandemic strikes, you’re better off being wealthy.

While that may seem intuitive, research from a Washington D.C.-based think tank confirms that affluent people have been able to afford to avoid many risks and inconveniences brought by the ongoing COVID-19 pandemic. Residual wealth gives them the means to hunker down, ride out and bounce back from the novel coronavirus and the financial crises it is causing.

“You need money to be a hoarder,” argue Brookings Institution fellows Richard V. Reeves and Jonathan Rothwell.

Read more in Michigan Advance. 

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