Key Performance Indicators: June 28
US households added $13.5 trillion in wealth last year
Giphy
• less than 3 min read
Stat: Not all recessions are created equal. As the stock market boomed last year, US households added $13.5 trillion in wealth, the biggest annual increase on record. In 2008, households lost $8 trillion.
Quote: “The bad news is that Covid-19 may never go away. The good news is that it is possible to live normally with it in our midst.”
Writing in the Straits Times, Singapore’s Covid-19 task force announced plans to treat the coronavirus like any other endemic disease, such as the flu. That means scrapping traveler quarantines, daily case number announcements, and intensive contact tracing efforts.
Read: The tyranny of spreadsheets. (Financial Times)
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