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News Story
Updated: 11/26/2017 08:30:01AM

When good money advice is bad for you

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FILE - This file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (Dylan Entelis/NerdWallet via AP, File)

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Discussing economic class is tricky in America, but the working and middle classes face vastly different financial challenges than upper-income families, and the gaps are growing wider. Good money advice for high earners could be lousy for low earners, and vice versa.

For example, certified financial planners recommend saving a three-month emergency fund before tackling other money goals.

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