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Top related persons:
Elias Ghanem - 2 Robert Frank - 1 Ghanem - 1 George Walper - 1 Walper - 1
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Capgemini Research Institute - 2 Financial Services - 2 B2m - 1 U.S - 1 Nasdaq - 1 CNBC Millionaire Survey - 1 Spectrem - 1 Millionaire Survey - 1

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2 mentions found


☆ The U.S. added 600,000 new millionaires last year as AI fueled markets
  + stars: | 2024-06-07 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
America's millionaire population grew 7.3% in 2023 to 7.5 million people, according to a report from Capgemini . Their combined fortunes grew to $26.1 trillion, up 7% from 2022. Capgemini defines millionaires as those with investible assets of $1 million or more not including primary residence, collectibles or consumer durables. The number of millionaires worldwide grew 5.1% last year, to 22.8 million, according to the report. Their combined fortunes grew to a record $86.8 trillion.
Persons: Robert Frank, Elias Ghanem, Ghanem Organizations: B2m, Capgemini Research Institute, Financial Services, U.S, Nasdaq Locations: Capgemini, North America, Asia, Pacific, Europe, America, Africa, North, U.S
☆ Millionaires are hoarding cash, betting on higher rates, CNBC survey says
  + stars: | 2023-06-07 | by ( Robert Frank | ) www.cnbc.com   time to read: +4 min
Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. Of the survey respondents, 28% said they have purchased more fixed income, as they expect interest rates to remain high. Millionaire investors are still betting inflation will persist for years, potentially keeping interest rates higher for longer. Three-quarters of millennial millionaires say inflation will come down to 2% within two years, with one in four saying it will hit the 2% target within a year. CNBC's Millionaire Survey was conducted online in April.
Persons: Elias Ghanem, George Walper, Walper Organizations: CNBC Millionaire Survey, Capgemini Research Institute, Financial Services, Spectrem, Millionaire Survey, CNBC, Millionaires, Millionaire, Valley Bank, First, Signature Bank, Federal Deposit Insurance Corporation
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