Gospel: "It is easier for a camel to pass through the eye of a needle than for one who is rich to enter the Kingdom of God," says Jesus (Mt 19). Some try to downplay Jesus's words by saying there was a gate in Jerusalem that a camel had to unburden himself to pass through....
But as Daniel Harrington, SJ, points out, we should not water down what Jesus was saying here or explain it away: "There is no basis to the idea that in ancient Jerusalem there was a gate called the 'Needle' or one that was so narrow that a camel could barely squeeze through."
Regarding the dangers of wealth: "If such teachings were difficult in first-century Palestine, they are far more so in the affluent society of the late 20th century. Nonetheless, they remain major themes in the Gospels."
"The Gospel of Matthew," Sacra Pagina series, p. 278.