The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
www.cnbc.com
The ultra-wealthy just gained $49 trillion in wealth thanks to stocks
9 comments
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We should start a successful Occupy Wallstreet.
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As someone who participated in the last, maybe shut down any fellow peasants who try to insult and/or mock the next one, if the owners allow there to be a next one.
There's nothing more demoralizing than being attacked by the people you're desperately trying to help.
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9 comments
They didn’t gain $49 trillion. Their total wealth is $49 trillion. Still terrible but the article’s headline is misleading.
Yes
Nobody will say they lost $49 trillion if stock go down next week
They cannot get $49 trillion out of the market by selling all their stocks
It's just a weird misleading framing
I guess the difference there is that the wealthy can take out loans and secure assets like houses against their stocks but yes the stock market isn’t real
Yeah, the article says the rich got 7% richer in 2023 for a total of $49b.
That's about $3-4b gained in 2023.
Trillion, not billion, but yeah