DIRS.INFO The most relevant business & tech news

☆ 8 of Gen Z's worst shoe trends, according to millennial stylists
▼ + stars: | 2024-07-05 | by ( Mykenna Maniece | ) www.businessinsider.com time to read: +1 min

Gen Z probably should've let cowboy boots stay in Nashville. White cowboy boots. But what's different with Gen Z is their ability to experiment with fashion on a much larger platform than millennials ever had. "I feel bad for Gen Z because they're trying to figure out who they are, they're trying to see what sticks," she said. "But they're doing it to hundreds of thousands of people every day and then everything that they do is up for criticism."

Persons: Gen, Christian Vierig, Dale, who's, Z, Millennials, it's Locations: Nashville . White, Nashville

☆ I want to give my kid the kind of summer I had in the '90s. I'm limiting technology and choosing spontaneity over structure.
▼ + stars: | 2024-07-04 | by ( Liz Hammond | ) www.businessinsider.com time to read: +4 min

I had a mom-fail moment when I realized I hadn't registered my 4-year-old son for swimming lessons and summer camp before the cutoff. We had frozen pizza for dinner, and he went to sleep without a fight, tired after a long day of playing outside. AdvertisementThe world looks a lot different now, but I'm planning on bringing this spirit to our summer by subscribing to these philosophies. When I was a kid, it was during those long, boring summer afternoons that I formed my love of reading. Summer feels like the right time to loosen up and approach feeding my kid with a little more ease.

Persons: I'm, didn't, bento, Liz Organizations: Service, Business, Montessori Locations: Canadian, Vancouver

☆ Google's ambitious plan to replace tracking cookies is going from bad to worse
▼ + stars: | 2024-07-02 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Several adtech companies have been in deep testing mode with Google's Privacy Sandbox for several months, since Chrome turned off third-party tracking cookies for 1% of its users. Criteo, a demand-side platform that helps advertisers place their ads, was also a Privacy Sandbox grant participant. Criteo forecast that if cookies were switched off now, publishers' Chrome ad revenue would decline by about 60% on average. AdvertisementStill, he added, the Privacy Sandbox already seems to be working better than a completely cookieless environment, "which is promising for an early-stage technology." To be sure, the Privacy Sandbox isn't the only alternative to the advertising ecosystem once cookies are discontinued.

Persons: —, they've, Chrome, Criteo, Todd Parsons, Criteo's, Anthony Katsur, Katsur, It's, James Colborn, Michael Lamb, RTB Organizations: Service, Google, Business, Exchange, IAB Tech Lab, IAB Tech, Chrome, Tech, CMA Locations: CPMs

☆ The World’s Next Big Drag Queen Is Brazilian
▼ + stars: | 2024-06-30 | by ( Jack Nicas | Victor Moriyama | ) www.nytimes.com time to read: +1 min

São Paulo’s main avenue was packed this month with thousands of people draped in the yellow and green of the Brazilian flag and captivated by a commanding figure atop a tractor-trailer rigged with speakers. From above, the scene could have maybe passed for one of the many political rallies held in the same spot by former President Jair Bolsonaro, the Brazilian far-right leader who has infamously declared that he could never love a gay son. (Though, to be fair, the enormous rainbow flag would be a giveaway.) It was, in fact, one of the world’s largest Pride parades, and the person atop the sound truck was Phabullo Rodrigues da Silva, 30, the gay son of a working-class single mother in Brazil’s north. Yet everyone in the crowd knew him as Pabllo Vittar, a 6-foot-2-inch drag queen in a glittering cutoff Brazilian soccer jersey and shredded jean shorts — one of the biggest pop stars in this nation of 203 million.

Persons: Jair Bolsonaro, Phabullo Rodrigues da Silva, Pabllo, jean Locations: Brazil’s

☆ My husband and I used a 'Cinderella' rule to limit our kids' screen time. We don't regret it.
▼ + stars: | 2024-06-20 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Read previewThis as-told-to essay is based on a conversation with Maria Estrada, 51, who is a plant-science lecturer at Fresno State and the mother of two teenagers. But when they were in middle school and younger, we had a Cinderella thing: At midnight, all the wifi would disappear. How we locked their devices at midnightLeft to right: Maria Estrada, her kids Pauline and John, and her husband Dexter, after the kids won first place in the plant science category at a science competition. Maria EstradaMy husband, Dexter, used two different apps to lock our kids' devices so they couldn't stay up late texting, watching videos, and playing games. Our kids have both excelledI don't do anything to restrict my kids' screen time anymore.

Persons: —, Maria Estrada, It's, I've, Estrada, Pauline, John, Dexter, John Benedict Estrada, he'd, Pauline Estrada, Maria Estrada Pauline, they've Organizations: Service, Fresno State, Business, YouTube, Microsoft, Safety, University of California Locations: Berkeley

☆ Apple exec explains why you wouldn't want to run Apple Intelligence on your older iPhone
▼ + stars: | 2024-06-18 | by ( Jaures Yip | ) www.businessinsider.com time to read: +1 min

The phone cutoff for Apple's gen AI system, Apple Intelligence, is the iPhone 15 Pro and Pro Max. Apple's AI head, John Giannandrea, said older iPhones can't handle the computational demands of AI. Apple Intelligence will roll out with iOS 18 and the new iPhone 16 lineup this fall. AdvertisementWhy can't you run Apple's fancy new AI features — collectively called Apple Intelligence — on your old iPhone? The company limited its highly anticipated generative AI system to only the latest iPhones — the iPhone 15 Pro and the iPhone 15 Pro Max and the upcoming lineup, presumably called the iPhone 16.

Persons: Pro Max, Apple's, John Giannandrea, —, Max Organizations: Apple Intelligence, Pro, Service, Apple, Business

Gantry cranes stand in the APM Terminals yard at the Port of Mobile in Mobile, Alabama, U.S., on Thursday, July 20, 2017. This is another example of USMX members unilaterally circumventing our coast-wide Master Contract. A Maersk spokesman said in an emailed statement that APM Terminals remains "in full compliance with the ILA/USMX Master Contract." During a speech before union members that month, Daggett vowed the ILA would not take a back seat to anyone. The ILA indicated in its release that it will not meet with USMX until the "auto gate" issue is resolved.

Persons: Harold J, Daggett Organizations: APM, Port, Longshoremen's Association, United States Maritime Alliance, ILA, APM Terminals, Maersk, USMX, MSC Locations: Mobile, Mobile , Alabama, U.S, East Coast, Gulf Coast, Port of Mobile , Alabama, North America, Daggett, West Coast

☆ Biden Plans Asylum Restrictions for Migrants
▼ + stars: | 2024-06-03 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

President Biden is expected to sign an executive order tomorrow allowing him to temporarily seal the U.S. border with Mexico to migrants when crossings surge. The move, which is all but certain to be challenged in court, would represent the single most restrictive border policy instituted by Biden, or any other modern Democrat. If that level is set, the border would immediately be closed because roughly 3,500 migrants are currently apprehended each day. Biden pushed Congress earlier this year to enact a similar policy into law, but Republicans thwarted the bill, saying it was not strong enough. Many Democrats, including Biden, condemned a similar effort by Donald Trump in 2018 to restrict long-established protections for asylum seekers.

Persons: Biden, Donald Trump Organizations: U.S . White Locations: Mexico, U.S

☆ Here's how much money it takes to be in the upper class in each state
▼ + stars: | 2024-05-24 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

This means that the upper class in one state could still be considered middle class in another. AdvertisementEven so, being upper class may not feel like swimming in wealth. New York has the second-highest share in the upper class at nearly 21%, even though the cutoff is $159,100. AdvertisementThe list of states with the lowest shares of people in the upper class also doesn't correspond. Alaska, Utah, and Idaho have below 15% of their populations in the upper class, while Wyoming and Delaware are in the 15% range.

Persons: —, they're Organizations: Service, Business, Pew, DC Locations: Washington, New Jersey, Maryland , Massachusetts, Hawaii , California, New York, Louisiana, Mississippi, West Virginia, Louisiana , Arkansas , Kentucky , Oklahoma , Alabama, New Mexico, Alaska , Utah, Idaho, Wyoming, Delaware

☆ Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
▼ + stars: | 2024-05-17 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Almost 80% of current freight orders received for peak season are for mid-range price items, the survey shows. Similar to last year, respondents expect less consumer appetite for luxury and aspirational luxury items imported. The world's second-largest ocean freight company, Maersk, recently told CNBC it expected a "normal" peak season. "There's nothing that indicates that it would be a slower peak season or a bigger peak season," said Charles Van der Steene, president of Maersk North America, in a recent interview with CNBC. "We believe in normalized peak season.

Persons: Eric Thayer, Robinson, Kuehne, Nagel, Noah Hoffman, Hoffman, hypersensitive, Charles Van der Steene, We've, John David Rainey, Rainey, Larry, Jon Gold, Nate Herman, Biden Organizations: US, Bureau, Bloomberg, Getty, CNBC, Chain Survey, National Retail Federation, American Apparel and Footwear Association, United National Consumer Suppliers, ITS Logistics, DHL, Uber Technologies, C.H, Maersk, Walmart, Uber, International Longshoremen's Association, ILA, United States Maritime Alliance, Brands Locations: of Los Angeles, Los Angeles , California, U.S, Panama, Maersk North America, East Coast, Gulf, East, North America, West, Coast

☆ Opinion | President Biden’s Biggest Blunder
▼ + stars: | 2024-05-09 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

Less laudably, but no less understandably, he also needs to shore up support among progressive voters who think that Israel’s use of American weapons implicates us in war crimes. And the consequences of Biden’s decision, if not soon reversed, will be the opposite of what he intends. The munitions cutoff helps Hamas. No Israeli government, even one led by someone more moderate than Benjamin Netanyahu, is going to leave Gaza with Hamas still in control of any part of the territory. If the Biden administration has ideas about how to do that without dislodging it from Rafah, we have yet to hear of them.

Persons: Biden, Benjamin Netanyahu Locations: United States, Israel, Rafah, Gaza

☆ A flurry of new rules from the Biden administration attempt to ban noncompetes, boost overtime pay, and increase refunds for delayed flights
▼ + stars: | 2024-04-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Read previewThe Biden administration this week pushed out a slate of rules it says are meant to boost competitiveness and put more money into workers' pockets. There are already challenges to at least one of the rules — but together they could land overtime pay for millions more workers, ban noncompetes that prevent workers from moving into jobs in similar industries, and help people get automatic refunds for delayed or canceled flights. More workers eligible for overtime payUnder the Department of Labor's new rule, many workers who make under $43,888 will be eligible for overtime pay effective July 1. A ban on noncompetes that keep workers from taking new jobsPerhaps the most sweeping action for workers came from the Federal Trade Commission, which finalized a rule to ban noncompetes in most cases. Will a ban on noncompetes, new overtime thresholds, or airline refunds affect your life?

Persons: —, Biden, Lael Brainard, That's, it's, Judy Conti, Pete Buttigieg, Brainard, Aaron, Ryan, John Smith, Suzanne Clark, Jeremy Merkelson, Davis Wright Tremaine, Merkelson, Elizabeth Wilkins, Wilkins Organizations: Service, Business, National Economic Council, Department of, National Employment Law, of Transportation, Federal Trade Commission, . Upjohn Institute, Employment Research, of Commerce, Texas Association of Business, Federal Trade, Chamber of Commerce, FTC

☆ New federal rules on airline refunds require cash instead of vouchers
▼ + stars: | 2024-04-24 | by ( Gregory Wallace | ) edition.cnn.com time to read: +4 min

New federal rules say travelers deserve cash refunds when inconvenienced by their airline – not vouchers or travel credits. The rules require the fees to be automatic and prompt: Within seven days for a credit card refund and 20 days for other forms of payment. Surge in complaints in 2022The Biden Administration proposed its change to the refund rules in 2022 after a surge in complaints about refunds when the coronavirus brought air travel to a standstill. More than half of the complaints involved flight disruptions or refunds. A federal law allows Congress to unravel recently implemented executive branch rules.

Persons: “, Pete Buttigieg, CNN’s John Berman, ” Buttigieg, you’re, “ That’s, ”, There’s Organizations: CNN — Airline, ”, Transportation Department, Airlines for, Biden Administration Locations: –, Airlines for America, ” “ U.S, Washington, November’s

☆ More and more Americans are becoming 'ALICEs.' They can't afford rent and groceries but are falling through the cracks in the country's safety net.
▼ + stars: | 2024-04-18 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Many ALICEs are workers whose wages typically aren't enough to cover their bills, meaning they live paycheck to paycheck. And while those measures might reach the most financially distressed Americans, the benefit cut-offs leave behind the still-precarious group of ALICEs. Some state-to-state benefits are often available to individuals and families earning 200% to 250% of the Federal Poverty Level. Simultaneously, over the last 12 years, ALICEs have been falling behind on wage increases. AdvertisementIndeed, many Americans aren't necessarily falling into poverty, but they are increasingly teetering toward becoming ALICEs.

Persons: —, ALICE, ALICEs, Stephanie Hoopes, United For ALICE, Hoopes, ALICE would've Organizations: Service, United Way's, Business, Survey, United For, SNAP Locations: Montana, Idaho, ALICEs, Florida, Utah

☆ Jasmin Paris: ‘Being a woman was never a barrier,’ says ultrarunner after historic Barkley Marathons finish
▼ + stars: | 2024-04-06 | by ( George Ramsay | ) edition.cnn.com time to read: +11 min

The Barkley Marathons consists of five loops, 20 miles each, along unmarked trails in rural Tennessee, with about 67,000 feet of elevation. David Allan/CNN If accepted into the race, runners get a "letter of condolence." David Allan/CNN Barkley runners jump into a creek and wade through a tunnel that goes under Brushy Mountain State Penitentiary. Instead, it was weeks of training that laid the foundation for Paris’ Barkley success. We know that travel is a huge component of the carbon footprint of running and racing.”Regardless of whether she returns, the Barkley Marathons is an event that Paris will always hold dear.

Persons: CNN — Jasmin Paris, –, Gary Cantrell, “ I’ve, “ I’m, I’ve, Jacob Zocherman Paris, Barkley, ”, It’s, “, ultrarunners, Cantrell, Cantrell –, David Allan, They're, Laz, CNN Barkley, James Earl Ray, Martin Luther King Jr, Harvey Lewis, Paris ’ Barkley, “ It’s, ” – Organizations: CNN, Barkley, ”, CNN Sport, Walmart, BBC, Everest, Paris, Scotland – Locations: ” Paris, British, Everest, Paris, Tennessee, Brushy Mountain, Scotland, Austria, “

☆ Fact check: Trump falsely claims that appeals court said ‘you won’ the civil fraud case he lost
▼ + stars: | 2024-04-04 | by ( Daniel Dale | ) edition.cnn.com time to read: +6 min

I won the case, because I won it in the Appellate Division. …I won the case because it’s called statute of limitations. The appeals court never said he won the case. The cutoff date would’ve been February 6, 2016, for any defendants Engoron decided weren’t covered by the agreement.) After Trump wrongly claimed to reporters, following the first day of the trial, that “about 80% of the case is over” because of the appeals court ruling, Engoron said in court the next day: “This case arrived at the App.

Persons: Donald Trump, “, ” Trump, Letitia James, Arthur Engoron’s, Trump, …, it’s, ‘, ’ He’s, He’s, he’s, Ivanka Trump, general’s, Engoron, that’s, Rather, ”, Alan Garten, ” James ’, ” Engoron Organizations: Washington CNN, New, Division, Trump, Trump Organization, SFC Locations: New York, Wisconsin, ”

The official purchasing managers index, or PMI, rose from 49.1 in February to 50.8 in March. The monthly manufacturing PMI has mostly been under 50 over the past 12 months: Other than this month, factory activities only recorded an expansion in September. Zhao said the survey also showed some problems for companies remained, including increasing competition in industries and a lack of market demand. And it said 10.4 billion yuan ($1.4 billion) would go to upgrading industries and modernizing manufacturing. According to the survey released Sunday, the non-manufacturing PMI rose to 53 from 51.4 in February.

Persons: Zhao Qinghe, Zhao Organizations: BEIJING, —, PMI, National Bureau, Statistics, National People’s Congress, Communist Locations: China

☆ Harvard applications dip — but don’t plunge — following historic turmoil
▼ + stars: | 2024-03-28 | by ( Matt Egan | Ramishah Maruf | ) edition.cnn.com time to read: +4 min

The application figures are also the first look at Ivy League school admissions after the Supreme Court gutted affirmative action, although the data does not include demographic breakdowns. Harvard said Thursday it received 54,008 applicants for the class of 2028, down 5% from the year before. This marks the fewest applicants to Harvard since the class of 2024’s enrollment period during the Covid-19 pandemic. Harvard said it accepted 1,937 students for the class of 2028, translating to an admissions rate of 3.58%. The all-time low admissions rate was set just two years ago at 3.19%.

Persons: Claudine Gay, Liz Magill, Logan Powell, Virginia Foxx Organizations: New, New York CNN, Harvard University, Ivy League, Harvard, University of Pennsylvania, Columbia University, Cornell University, Brown University, US, University of North, House Education, Workforce Committee Locations: New York, Israel, Columbia, University of North Carolina

☆ 17 crucial upgrades helped SpaceX finally get Starship to space without exploding
▼ + stars: | 2024-03-15 | by ( Ellyn Lapointe | ) www.businessinsider.com time to read: +6 min

SpaceX's third test launch of its Starship mega-rocket went off without a hitch. SpaceX has made a series of upgrades to the rocket system that helped it finally reach space. As for Starship, SpaceX added three new angled liquid oxygen vents to the underside of the engine skirt that likely helped with attitude control. AdvertisementWhile this was the most successful Starship test launch to date, it didn't achieve all mission objectives. AdvertisementSpaceX officials said the company plans to complete at least six more Starship test flights this year, subject to regulatory approval, Reuters reported.

Persons: —, we've, Siva, Jonathan Newton, cowbell, Starship, it's, Kate Tice Organizations: SpaceX, Service, Federal Aviation Administration, Washington, Getty, FAA, Business, Super, NASA Spaceflight, SpaceX Quality Systems, Reuters Locations: Starbase, Boca Chica , Texas

☆ How a single mom with four kids who drives for DoorDash and Walmart Spark struggles to make ends meet: 'It is a never-ending vicious cycle'
▼ + stars: | 2024-03-12 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Bri, a single mom of four, is struggling to make ends meet driving for DoorDash and Walmart Spark. Bri turned to gig driving after a knee injury made her previous job at an Amazon warehouse untenable. Gig driving with a disabilityBri was a business owner in home healthcare, but once the pandemic struck, she lost access to many of her clients. She was unsure how long Amazon's disability payments would last, and gig driving was one of her only options. She's driving her daughter's car after she wrecked hers a few months ago.

Persons: Bri, —, aren't, Lyft, Uber, DoorDash, She's, GrubHub, she's, hasn't, there's, I've Organizations: DoorDash, Walmart, Service, Business, Doordash, Amazon, Down, UPS Locations: Fort Worth , Texas, New York City, Galveston, Texas, bam, DoorDash

☆ Trump’s freewheeling CNBC interview gives glimpse of the campaign to come
▼ + stars: | 2024-03-11 | by ( Steve Contorno | Kate Sullivan | ) edition.cnn.com time to read: +7 min

In many ways, Monday’s 40-minute call-in to CNBC was typical Trump: evasive, evocative and eventful. His declaration to CNBC that “there is a lot you can do in terms of entitlements in terms of cutting” Social Security and Medicare is already reverberating on the campaign trail. “I won’t cut Social Security and I won’t cut Medicare. Speaking to CNBC, Trump confirmed he recently met with Jeff Yass, a Republican mega donor and billionaire hedge fund manager whose firm is known to own a sizable stake in TikTok. People are rejecting it, and they are watching.”Ending the interview shortly after, host Joe Kernen thanked Trump and extended an opportunity to return.

Persons: Donald Trump, Joe Biden, Trump, who’s, TikTok, ”, Viktor Orbán, – Trump, Biden, “ I’m, “, …, United States –, Mark Zuckerberg, Jeff Yass, TikTok . Trump, ” Trump, ‘, Tik, Ron DeSantis, Nikki Haley, Joe Kernen, Kevin Liptak Organizations: CNN, CNBC, Facebook, Social Security, Trump, Medicare, –, Republican, Mar, GOP, Biden Locations: week’s, Gaza, Washington, New Hampshire, United States, TikTok, TikTok ., Yass

LOS ANGELES (AP) — There is a whole other show that happens offscreen at the Oscars that the home audience doesn't see on television. “It’s not OK, it’s bad, I’m going home.”GRETA GERWIG AND THE COSTUME DESIGNERSOut in the lobby Gerwig had a fan who wanted to talk to her about something very specific: Ann Roth’s ‘Barbie’ cameo. During the performance, the Dolby Theatre took on the feel of a Taylor Swift concert, with everyone in the room standing and breaking into spontaneous, joyous dance. And the biggest fan in the room was Gerwig, who was given her own personal Ken right up in her face. During the commercial break Mark Ronson found his way to Gerwig, Robbie and a crowd of admirers.

Persons: Martin Scorsese, Margot Robbie, Ryan Gosling, Carey Mulligan, Jimmy Kimmel’s, Marcus Mumford, Emma Stone, Jennifer Lawrence, Greta Gerwig beelined, Robbie, Joy Randolph, Mulligan, Mumford, EMMA, ”, attentively, Florence Pugh, Pugh, John Cena, “, Stone, GRETA GERWIG, Gerwig, Ann Roth’s ‘ Barbie, Eduardo Castro, who’s, Roth, “ Barbie, Kimmel, She’s, Ma, ” Castro, Betty ”, ” Gerwig, Greta, Noah Baumbach, Gosling, Taylor, Ken, Mark Ronson, Ronson, Downey, Emily Blunt, chatted, Ball, Cord Jefferson, Kate McKinnon, Marlee Matlin, Steven Spielberg, Barbie ”, I’m Organizations: ANGELES, Associated Press, America, Dolby Theatre Locations: Gerwig

President Joe Biden recently announced that he was canceling federal student loans for nearly 153,000 borrowers enrolled in the plan, known as the SAVE plan. For Lauran Michael and her husband, the SAVE plan has reduced student loan payments by half. If you are interested in applying for the SAVE plan, here's what you need to know:WHAT IS AN INCOME-DRIVEN REPAYMENT PLAN? Borrowers can apply to the SAVE plan using the Income-Driven Repayment Plan request through the Education Department’s website. If you’d like to repay your federal student loans under an income-driven plan, the first step is to fill out an application through the Federal Student Aid website.

Persons: Joe Biden, Michael, they've, ”, you’ve, they’re, Biden’s, Charles Schwab Organizations: SAVE, U.S . Education Department, WHO, PLAN, Program, Education, Education Department, Public, Defense, Federal, Aid, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: U.S, Raleigh , North Carolina

☆ We Tried to Create a Diverse College Class Without Affirmative Action
▼ + stars: | 2024-03-09 | by ( Aatish Bhatia | Emily Badger | ) www.nytimes.com time to read: +22 min

If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. If selective colleges admitted students by score alone — using, say, a 1300 cutoff — the pool would not be very diverse, by race or class. To create a more diverse class, colleges could … But admissions preferences based on race are no longer legal. We Tried to Create a Diverse College Class Without Affirmative Action Now you can try it, too. In our affirmative action model, just 6 percent of admitted students come from the bottom quartile of the income distribution.

Persons: …, Sean Reardon, Demetra, NaN %, NaN, It’s, “, ”, Richard Kahlenberg, we’re, didn’t, “ We’re, Zack Mabel, we’ve, —, it’s, Richard Sander, Jill Orcutt, Johns Hopkins, they’ll Organizations: Stanford, Penn, Here’s, Colleges, Progressive Policy Institute, White Asian, American Association of Collegiate, University of California Locations: America, Here’s, Alaska, Georgetown, U.C . Merced

☆ How much wealth you need to be in the top 1% in countries around the world
▼ + stars: | 2024-02-29 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

Americans need a minimum net worth of $5.8 million to be in the top 1% of US wealth. The number of ultra-high net worth individuals globally is expected to surge by 28% by 2028. AdvertisementAmericans need at least $5.8 million in net worth to be in the top 1% of wealth in their country — less than half of the 1% cutoff for Monaco. Wealth as measured by Knight Frank includes investments, cash, and assets such as residences. In 2022, the median net worth for the top 10th percentile was $2.56 million, whereas net worth was just $14,000 for those in the bottom 20th percentile.

Persons: —, Knight Frank, Liam Bailey, Frank, Bailey Organizations: Service, Monaco, US, Federal Reserve's Survey, Consumer Finances, Bank Locations: Monaco, Luxembourg, Switzerland, North America, India, China

Search resuls for: "Cutoff"

25 mentions found