Key Performance Indicators: June 23
5.2 more people globally became millionaires in 2020
Giphy
• less than 3 min read
Stat: 5.2 million people around the globe became dollar millionaires last year despite the pandemic, according to a new report from Credit Suisse. 90% of millionaires currently have a net worth of $5 million or less, while 0.4% are worth $50 million or more.
Quote: “Very, very unlikely.”
In testimony before Congress, Fed Chair Jerome Powell dismissed the idea that the economy could experience 1970s-esque hyperinflation.
Read: The rise of the $10 million disc golf celebrity. (The Ringer)
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