U.S. experiences decline in millionaires in 2022 for the first time since 2008

In a recent economic shift not seen since 2008, global wealth witnessed a 2.4% decrease, reducing the number of millionaires in the United States by over 1.6 million. Reports from UBS and Credit Suisse highlighted that depreciating major global currencies played a key role in this wealth decline. Their global wealth study identified the U.S. […]

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