The rich are getting poorer
9 days ago - By Business Insider
Photo by Yasin Ozturk/Anadolu Agency via Getty Images
A Bloomberg report found the 500 richest people in the world have collectively lost $1 trillion this year.
That's because stocks have been plunging.
In contrast, the lowest earning Americans are seeing their pay rise at a solid clip.
Americans aren't feeling great about the economy. Inflation is high, and the markets aren't looking too hot. As stocks plunged this week, so did the net worth of a whole lot of rich people, who tend to have their wealth parked in assets. Indeed, Bloomberg's Joe Weisenthal reports that the 500 richest people...
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