Tag Archives: Millionaires

Here’s how America’s millionaires are positioning themselves for a recession ⁠— if you’re doing something different, you might want to think twice With the U.S. economy showing some signs of stalling, talk of a recession is heating up. But it’s not just average Americans who are fretting about what that might mean for their finances. Even those with at least seven figures in their bank accounts are concerned, according to CNBC’s Millionaire Survey. The group surveyed — millionaires… Source link

Friday’s bleak jobs report revealed that millions of Americans are still out of work, but some of the country’s richest people continue to accrue wealth amid the COVID-19 pandemic. And one controversial social media platform — TikTok — has created a brand-new class of young millionaires who are becoming the breadwinners for their households. With one in three Americans on TikTok, according to the Chinese-owned app, it has become a clear winner for eyeballs and ad dollars even as… Source link

Disney heiress Abigail Disney and Ben & Jerry’s co-founder Jerry Greenfield are among a growing list of millionaires signing a petition for higher taxes. “Today, we, the undersigned millionaires, ask our governments to raise taxes on people like us. Immediately. Substantially. Permanently,” the petition states. “We are not restocking grocery store shelves or delivering food door to door. But we do have money, lots of it. Money that is desperately needed now and will continue to be… Source link