The world had fewer millionaires at the end of 2022 than at the beginning. That’s according to a report issued Tuesday (Aug. 15) by UBS and Credit Suisse showing that global wealth fell for the first time since the 2008 financial crisis. “The 3.4% household wealth growth in 2022 was the lowest rate...
With a strong labor market and expectations for more growth in the economy, consumer confidence in the U.S. reached an 18-year high in September. According to a report in Reuters, citing the Conference Board, the consumer confidence index jumped to a reading of 138.4 in September,...
Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of 2018. Overall, household wealth in the U.S. was just over $100 trillion in a period spanning from January to March,...
The rich are getting richer, at least in terms of household wealth. The Wall Street Journal reports that, despite a strong recovery of home equity and prices this past year, the composition of wealth ownership has changed, becoming increasingly concentrated in older households with high...
June 05, 2024
Rising investment income, high household wealth and strong employment rates are keeping Americans spending. It’s a phenomenon chronicled Wednesday (June 5) in a report by The Wall Street Journal (WSJ), which notes that the changing economy is placing “unprecedented” amounts of money into consumers’ wallets, driving asset values to records and helping high earners avoid inflation. The […]
August 16, 2023
The world had fewer millionaires at the end of 2022 than at the beginning. That’s according to a report issued Tuesday (Aug. 15) by UBS and Credit Suisse showing that global wealth fell for the first...
September 25, 2018
With a strong labor market and expectations for more growth in the economy, consumer confidence in the U.S. reached an 18-year high in September. According to a report in Reuters, citing...
June 08, 2018
Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of 2018. Overall, household wealth in...
