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As The 'Richcession' Rises, More People Are Losing Their Millionaire Status

Despite inflation slightly slipping, the country's rich is losing their wealth share what does that mean for other socioeconomic classes? ....

United States , Richard Kersley , Nannette Hechler Faydherbe , Credit Suisse , Federal Reserve , Global Wealth Report , Nannette Hechler Fayd Herbe ,

Richcession: 3.5 million millionaires lost their status in 2022

In the 14th Global Wealth Report, Swiss banking giants UBS and Credit Suisse said $11.3 trillion of private wealth was lost in 2022. ....

United States , Richard Kersley , Vladimir Putin , Nannette Hechler Faydherbe , Asia Pacific , Credit Suisse , Global Wealth Report , North America , Latin America , President Vladimir Putin ,