#wealth-concentration

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#income-inequality #billionaires #democracy #american-express #millennials-and-gen-z #premium-card-spending
fromFortune
11 hours ago

Wealthy millennial, Gen Z Platinum members drive American Express to record revenue: 'very comfortable paying for its exceptional value' | Fortune

Chief Executive Steve Squeri hailed millennial and Gen Z Platinum members as "very comfortable paying for its exceptional value and highly engaged in the product," underscoring the company's successful push to attract a new generation of premium customers. The company posted net income of $2.9 billion, reflecting a 16% increase over the prior year. Earnings per share rose 19% to $4.14, topping analyst estimates of $3.99.
Business
US politics
from24/7 Wall St.
1 week ago

Meet the 10 Wealthiest Black Americans as U.S. Wealth Gap Remains Widest in G7 Nations

A vast U.S. wealth gap concentrates assets among the top 1%, with persistent racial disparities leaving Black households far less wealthy than White households.
Business
fromBusiness Insider
2 weeks ago

This is how the world's richest people spend their money

Ultrawealthy individuals (net worth >$30M) spent $290 billion on luxury goods last year, representing 21% of individual luxury spending.
#income-inequality
fromFortune
1 month ago
Business

The economy is reliant on the 'fortunes of the well-to-do' says Moody's-if the ultra-rich get nervy that means recession | Fortune

fromFortune
1 month ago
Business

The economy is reliant on the 'fortunes of the well-to-do' says Moody's-if the ultra-rich get nervy that means recession | Fortune

more#income-inequality
#billionaires
fromFortune
1 month ago
Fundraising

America's billionaires are worth $5.7 trillion-and just three people represent $1 trillion of that wealth

fromFortune
1 month ago
Fundraising

America's billionaires are worth $5.7 trillion-and just three people represent $1 trillion of that wealth

more#billionaires
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