Charles Hugh Smith August 3, 2023 READ

I’m not discussing the tiny class of UHNWIs here, I’m discussing the 8 million households of the top 5% and the 13 million households of the top 10% who own 70% of all assets and almost 90% of income-producing assets such as stocks, bonds, rental properties, etc. Not the uber-wealthy or hyper-wealthy, just the wealthy who own a million or two in assets not counting their primary residence.