The Rich Got Richer: For Every New Millionaire, 120 Americans Are

There's a widening gap between stock market winners and the 54% of Americans living paycheck to paycheck  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

June 09, 2026   |   Read online In partnership with TOP PICK FOR YOU Personal Finance The Rich Got Richer: US Added 736,000 Millionaires While 88 Million Americans Say They're 'In Crisis' The US reached a record 8.7 million millionaires in 2025, amidst rising financial struggles for 88 million Americans. Explore the growing wealth gap and its impact on the economy. Read More ADVERTISEMENT Trade Real-World Events. Get $10 Free. Start trading real-world events. With Kalshi, you can trade on things you already follow: inflation, elections, sports, and more. It’s simple: buy “Yes” or “No” shares on what you think will happen, and earn returns if you’re right. To get you started, we’re giving you a free $10. Use it to explore the platform, test your instincts, and see how prediction markets work in real time. Join thousands already trading the news and putting their knowledge to work. Claim your $10 and start trading now. Put $10 to Work Trade responsibly. PERSONAL FINANCE Savings Caleb Hammer Says Boomers Should Have $2M–$5M Saved — Joe Rogan Is Stunned, but the Numbers Don't Add Up Financial adviser Caleb Hammer suggests boomers missed out on potential millions by not investing 5-10% of their income in the 1990s. His claims highlight the importance of long-term financial planning. Read More SPONSORED Is There A Gentler Way To Stay Active At Home? Staying active at home often sounds simple, but many workout routines can feel too intense or difficult to maintain—especially for beginners or those managing joint sensitivity. Over time, this can lead to inconsistency and reduced motivation. That’s why low-impact walking solutions are gaining attention, offering a way to move regularly without the stress of high-impact exercise. These setups allow users to stay active in a more comfortable, steady, and sustainable way. A recent review highlights one walking pad that’s designed to make cardio feel easier on the body while still supporting everyday fitness goals. Learn More. BUSINESS Business Elon Musk Could Become the World's First Trillionaire — But Just How Big is $1 Trillion, Really? Elon Musk's net worth could top $1 trillion (£793bn) when SpaceX lists on 12 June. Putting that sum in context reveals just how incomprehensible it is. Read More PERSONAL FINANCE Personal Finance Omaha Family Feared Being Stranded in Mexico — Scammers Stole $7,000 Posing as Airline Staff An Omaha family fell victim to a $7,000 airline scam after their Cancun holiday. Learn crucial tips to protect yourself from travel fraud and avoid similar traps. Read More ADVERTISEMENT Here's Why We're Not Hyping the SpaceX IPO Most newsletters are selling you a SpaceX story. We're walking through the numbers. Our free analyst briefing breaks down three valuation scenarios, comparable late-stage listings (ARM, Reddit, Klaviyo), and the price ranges where retail entry actually makes sense. Read the Sober Analysis BUSINESS Elon Musk Debunks Viral SpaceX Story: Antonio Gracias 'Did Not Receive Any Equity' For $1 Million Loan Antonio Gracias' $1 million loan to Elon Musk in 2008 highlights the financial challenges SpaceX faced. Their long-term partnership spans multiple ventures, reflecting broader investment strategies. Read More IBTimes Mags World Judge Strikes Down Trump's Unlawful $100,000 H-1B Visa Fee in Major Blow to Immigration Policy Push A federal judge has nullified Trump's $100,000 H-1B visa fee, ruling it unconstitutional. This decision marks a significant victory for states opposing the policy. World Why Are US Kids Falling Behind in Reading and Math? Smartphones & Social Media Blamed US students' reading and math scores have declined over a decade, with smartphones and social media cited as major distractions. Efforts to ban phones in schools show promise in reversing this trend World 'The President Had no Power': Federal Judge Voids Trump's $100,000 Fee Requirement for H-1B Visas A US court has blocked Trump's attempt to impose a $100,000 fee on H-1B visas, ruling it unconstitutional and lacking congressional approval. World Justice Department Moves to Strip Citizenship From 17 People in Donald Trump's De-naturalisation Push The US Justice Department is seeking to revoke citizenship from 17 individuals, intensifying efforts to address fraud in the naturalisation process under the Trump administration's policy. Technology Historic $1 Trillion IPO Bid Could Turn Into OpenAI Wall Street's Next AI Giant OpenAI has filed for a US stock market debut, aiming for a trillion-dollar valuation. This move aligns with Anthropic's similar plans, highlighting intense investor interest in AI.   Update your email preferences or unsubscribe here © 2026 IBT Media Type Sierra Quebec Bravo, 77 Marsh Wall, London, England E14 9SH, United Kingdom Powered by beehiiv Terms of Service