News

Few millionaires actually consider themselves as truly rich

Published

2 years ago

November 12, 2023

A recent survey has revealed a surprising trend among millionaires: only 8% of them consider themselves truly wealthy.

This revelation challenges the common perception that accumulating a million dollars or more automatically makes one feel rich. The survey, conducted by a leading financial research firm, sheds light on the complex relationship between wealth and perception.

The survey, which involved over a thousand millionaires from various backgrounds, asked participants to define their perception of being rich. Astonishingly, a staggering 92% of the millionaires surveyed did not identify themselves as rich.

This finding raises intriguing questions about the factors that influence one’s perception of wealth.

Cost of living

One possible explanation for this phenomenon is the ever-increasing cost of living in today’s world.

With rising expenses in housing, education, and healthcare, many millionaires may feel that their wealth is insufficient to provide a comfortable and worry-free lifestyle.

Additionally, societal pressures and the constant pursuit of financial growth may contribute to this mindset, leaving individuals feeling perpetually unsatisfied with their financial status.

In conclusion, the survey results highlight the complex nature of wealth perception.

Despite having achieved significant financial success, the majority of millionaires do not see themselves as rich.

News

RBA rate hike fears & Fed cuts shake Wall Street

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Published

8 minutes ago

December 12, 2025

Harvey Vargas

Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.

Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.

Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.

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#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews

News

Netflix vs Paramount: The Warner Bros takeover battle explained

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

Published

24 hours ago

December 11, 2025

Harvey Vargas

Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.

The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.

Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.

Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?

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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker

News

Elon Musk’s SpaceX plans $25 billion IPO in 2026

Published

1 day ago

December 11, 2025

Harvey Vargas

SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.

Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.

The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.

SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.

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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup