Less Millionares = Less Spending
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Things are tough all over. The number of millionaires in the United States dropped 27% and overall household wealth dropped 18% last year. This can only mean less spending and more people getting laid off as a result. Are there any booming businesses? Business such as airplane repossession, cash for gold and dollar discounters are seeing an increase in business. With belts tightening, don’t expect to see a boom in weight loss pill sales or diet products!
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