Happiness is much more contingent on our state of mind than our status or the state of our bank account. And that's where transformation comes in. And that's why it's so important for wellbeing.
And if he liked a person — and he seemed to like so many people! — he sold them lumber on credit without ever thinking to find out if they had money in the bank or property.
In the decade before covid-19 the wealthiest 1% of Americans had, in aggregate, about twice as much in cash and chequable bank deposits as the bottom 50%.
America's treasury secretary, Janet Yellen, ruled out an expansion of bank-deposit insurance or blanket guarantees for savers after four bank failures in 11 days.