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As of Dec. 17, the Standard & Poor’s 500-stock index had lost 13.1% from its Sept. 20 all-time high. That’s correction territory, typically defined as a decline of 10% or more from a peak, but still...
There’s a lot of conspicuous consumption in the U.S., but in reality, millionaires are actually pretty rare.
Only 5.8% of all American households have investable assets of $1 million or...
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