You Searched For "wealth during pandemic" and got 20 results
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2 mins read
The world's 10 richest men have made so much money during the pandemic that a one-time 99% tax on their gains could pay for all COVID-19 vaccine production and more: Oxfam
Oxfam calculated that the wealth of the world's 10 richest men grew by $15,000 a second — $1.3 bill…
Huileng Tan
4 mins read
Fintechs helped Black-owned small businesses get access to PPP loans during the pandemic more than banks did. It's weird.
A working paper finds automation may have helped Black businesses's access to PPP loans, but AI als…
Madison Hoff
3 mins read
Republican leaders are worried that basic income programs will give Democrats an edge during the election
Many Republicans nationwide oppose basic income programs. But behind closed doors, senior Republica…
Katie Balevic
1 min read
One in every 10 Americans moved during the pandemic. Here's where they went.
Many people left high-cost coastal cities, with some heading for the Sun Belt. The moves are driven…
Will Storey,Lilian Manansala
2 mins read
Billionaires around the world added $4 trillion to their wealth during the pandemic
The world's 2,365 billionaires saw a 54% increase in their wealth, according to a new report. That …
Juliana Kaplan
3 mins read
Gen X gained more wealth than any generation during the pandemic, benefiting from the housing boom and their peak earning years
Though Gen Xers are in their heaviest debt years, the pandemic created an environment of spending l…
Hillary Hoffower,Andy Kiersz
4 mins read
6-figure earning millennials developed better savings habits during the pandemic, but many still feel broke
"Henrys" are typically millennials earning over $100,000. They finally learned how to save during t…
Hillary Hoffower
3 mins read
The economic recovery is booming, but Black women are still getting left behind
In February, fewer Black women were actively looking for work and more were unemployed, even as rec…
Juliana Kaplan,Madison Hoff
1 min read
This Indian scientist-turned drugmaker doubled his wealth to $6 billion during coronavirus pandemic
The coronavirus pandemic has not just infected people but disrupted livelihood and forced some busi…
Preeti Soni
2 mins read
America's 50 richest families saw their wealth increase 10 times faster than the average US family during the pandemic
The 50 richest US families are worth $1.2 trillion. The 65 million families in the bottom half of U…
Hillary Hoffower
2 mins read
American billionaires added $1.1 trillion in wealth during the pandemic
Elon Musk, the second-richest billionaire, saw a 628.5% increase in his wealth since March, while A…
Juliana Kaplan
5 mins read
India’s post-pandemic rise not uneven but shows the rise of the middle class, says SBI report
India’s income inequality has been debated since times immemorial. After the pandemic, the term K-s…
2 mins read
Billionaires made $3.9 trillion during the pandemic - enough to pay for everyone's vaccine
The increase in wealth of the 10 richest billionaires could pay for everyone worldwide to get the C…
Juliana Kaplan
3 mins read
Biden wants to make sure billionaires pay at least a 20% income tax including on their massive pandemic-era stock gains
Billionaires added $1.7 trillion to their cumulative wealth during the pandemic. President Biden's …
Juliana Kaplan,Joseph Zeballo…
2 mins read
'Magnificent 7' mania is like the dot-com bubble, setting up stocks to slump and recession to strike by summer, veteran wealth advisor says
The S&P 500 is dangerously concentrated, and American consumers will soon falter in the face of inf…
Theron Mohamed
8 mins read
Winning the pandemic made Brooklyn bigger, richer, and more exclusive. Wealthy millennials are leading the charge.
20,000 people moved from Manhattan to Brooklyn in 2020. It's the latest wave of gentrification as m…
Hillary Hoffower
3 mins read
Most of the S&P 500's lowest-paying companies hiked CEO compensation during the pandemic, study finds
Of the 100 firms in the S&P 500 with the lowest median wages, 51 boosted CEO pay by 29% on average …
Juliana Kaplan
3 mins read
3 secrets that America's richest family dynasties use to hang onto their money, from a report on their breakaway wealth during the pandemic
A report from the Institute for Policy Studies finds the wealthy remain that way through strategic …
Juliana Kaplan
2 mins read
US billionaires' collective wealth grew enough during the pandemic to pay off the $1.7 trillion student debt crisis
While the student debt crisis grew, Elon Musk got 600% richer, according to The Institute for Polic…
Ayelet Sheffey
3 mins read
Wealthy Americans are buying second passports as a 'plan B' for their families, citing the pandemic, climate change, and political turmoil
US billionaires, crypto investors, and celebrities are spending millions on European passports to s…