wealthy

Wealthy Chinese keep spending while others cut spending, survey finds

Wealthy Chinese keep spending while others cut spending, survey finds

Leave a Comment / Economy / By

Pictured is a science fiction-themed installation at Maison Hermes in Shanghai, China, November 28, 2022. Edition of the future | Edition of the future | Getty Images BEIJING — Wealthier Chinese were more likely to spend this year, while poorer people cut spending even more, McKinsey and Company found in a survey released Thursday. The …

Wealthy Chinese keep spending while others cut spending, survey finds Read More »

In midterm elections, some voters choose to raise taxes on the wealthy

In midterm elections, some voters choose to raise taxes on the wealthy

Leave a Comment / Economy / By

Wealth Consulting Group CEO Jimmy Lee said investors would start taking a “longer-term view” after the election. In Tuesday’s crucial midterm elections, residents of Massachusetts and California had to decide whether to pass major tax policy changes, including raising the rates paid by the wealthiest Americans. Despite the fact that only about 0.6% of high-income …

In midterm elections, some voters choose to raise taxes on the wealthy Read More »