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notes








1


J.Pressler, Former Merrill Lynch Executive Forced to Declare Bankruptcy Just to Keep a $14 Million Roof Over His Head, New York magazine (April9, 2010).




2


 .




3


L. Thomas Jr., The Tale of the $8 Million Bargain House in Greenwich, The New York Times (January 25, 2014).




4


U. Malmendier, S. Nagel, Depression Babies: Do Macroeconomic Experiences Affect Risk-Taking? (August 2007).




5


How large are 401(k)s? Investment Company Institute (December 2019).




6


R. Butler, Retirement Pay Often Is Scanty, The New York Times (August 14, 1955).




7


Higher education in the United States, Wikipedia.




8


K. Bancalari, Private college tuition is rising faster than inflation  again, USA Today (June 9, 2017).


