Talking Points: Apple, Wealth, Surplus

Apple, Wealth, Surplus

In the latest fiscal year, Apple brought in $229 billion, more than 5 times the entire economic output of Wyoming. New York Times, May 7, 2018

The top 0.1% of wealthy Americans are seen as big winners, but just below them are the 9.9%- and they now own more financial assets than the top 0.1% and bottom 90% combined.. The Atlantic, June 2018

According to a recent survey, to be financially comfortable in America today requires an average of $1.4 million. To be considered wealthy, an average net worth of $2.4 million is needed. Bloomberg, May 15, 2018

The U.S. government ran a $214.3 billion surplus in April, 2018- the largest monthly surplus in U.S. history. Wall Street Journal, May 10, 2018

“The farther backward you can look, the farther forward you are likely to see.” Winston Churchill

According to a recent study published by Deloitte, 84% of Millennials are seeking financial advice from a trusted source, especially since 24% of them can only demonstrate a basic knowledge of financial concepts. WealthManagement.com, May 26, 2018

“The Gap has issued an apology after printing an incorrect map of China on its T-shirts. Luckily, the mistake was caught by every single person who makes t-shirts for The Gap.” Seth Meyers

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