Posted on Apr 6, 2021
The number of billionaires spiked by 30% during the pandemic
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Some people lost jobs or businesses during COVID. Others who were already rich, got richer
The number of billionaires spiked by 30% during the pandemic
Posted from vox.com
Wealth
Coronavirus COVID19
Money
Posted >1 y ago
Responses: 3
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After the Stock Market crashed, I waited about to 2 weeks to see how things played out. I then moved 25% of my retirement fund into the stock market and it grew leaps and bounds. I'm sure these people did the same thing. Plus, during the pandemic, people were more likely to (and did) order online from places like Amazon and Wal-mart. So, yes, those companies are going to make money as a result. But of course this liberal article is going to play the "wealth inequality" card. And I'm sure politicians made bank too.
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PFC (Join to see)
Its not wealth inequality just wealth knowledge inequality. Those who learnt wealth knowledge and management will do better and flourish during hard times then those who don't. If you're cheap during good times you can be good during hard times.
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Many got richer just not the rich! Depends on your opportunities honestly. My life has gotten better than it was this time a year ago and I'm not Jeff bezos.
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I would think lumber industry. Last year a 2x4 was 2 bucks. Today, 9 bucks. Seems criminal to me.
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