Finance

Are You Rich? Here's What Americans Think You Need To Be Considered Wealthy

In the United States, the concept of being rich is often a subject of discussion, curiosity and, sometimes, aspiration. Charles Schwab's 2023 Modern Wealth Survey provides insights into this topic, revealing that the average American equates being wealthy with a net worth of approximately $2.2 million.

Although the most recent data from the Federal Reserve reveals the average American household is a millionaire with a net worth of $1.06 million, looking at the median or midpoint value portrays a more accurate picture. Based on the October report from the Federal Reserve, the median net worth of U.S. households overall is $192,900.

But how spot-on are Americans’ perceptions of wealth?

TECH

Amazon’s Twitch to Cut 500 Employees, About 35% of Staff

Amazon.com Inc.’s livestreaming site Twitch is cutting 35% of its staff, or about 500 workers, Twitch chief executive officer Dan Clancy said in a blog post Wednesday morning. The layoffs are the latest in a series of job reductions there.

CRYPTO

If You'd Invested $200 in Shiba Inu in 2020, This Is How Much You'd Have Now

Shiba Inu, introduced on August 1, 2020, was initially regarded as a lighthearted imitation of Dogecoin, which featured the Shiba Inu dog as its mascot and debuted in 2013.

Starting at a minuscule $0.000000000056 per token on its first day, Shiba Inu later reached its highest value of $0.00008616 on October 28, 2021, and currently trades at approximately $0.00000947.

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