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Wednesday, March 4, 2026

The world shed 3.5 million millionaires in 2022 as market losses drained wealth at the top

New York CNN — Last year, as interest rates rose and inflation stayed stubbornly high, total household wealth declined for the first time since the 2008 financial crisis. That might sound like bad news, but the numbers tell a more optimistic story. Here’s the deal: The grand total of all the private …

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