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Financial Planning Feb 2021 - "While Many Suffer Financially, Some Manage to Profit off Pandemic"

Financial Planning Feb 2021 - "While Many Suffer Financially, Some Manage to Profit off Pandemic"

While Many Suffer Financially, Some Manage to Profit off Pandemic

Excerpt

The Federal Reserve recently reported that the 50 richest people in the United States increased their net worth by $339 billion during the first half of 2020. There are two primary contributors to this near unprecedented level of growth. The first is that many either owned or were heavily invested in tech companies that thrived during the pandemic. Increased technology demands for remote work, online shopping, streaming entertainment, and socially-distanced socializing created a lucrative COVID-19 economy in some sectors....................

 

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