Five financial gifts to give this Christmas — Hoxton Capital Management
Five financial gifts to give this Christmas
The spread of financial success has certainly been wider this year than it has been for a long time. Some people made above average financial gains while others lost almost everything. The people who suffered the least were generally those in a better financial position or people who at least had an emergency pot in place.
Since the pandemic started, billionaires in America gained over a trillion dollars. Jeff Bezos increased his net worth by 61.4%, adding $70 billion to his books. Even more dramatic was Elon Musk, who increased his net worth by 413% or by more than $100 billion. The biggest losers were those already living hand to mouth, with 7 million more people in America now facing eviction from their homes.
For those of us at neither extreme, this year has highlighted the importance of financial planning. Undeniably, people who had emergency pots in place and investments will have been in a less stressful situation than those who did not. So, with Christmas around the corner, why not give a bit of financial security instead of an object that will be obsolete by this time next year?
Originally published at https://hoxtoncapital.com on December 9, 2020.
