
May 5, 2025 Investor Insights
Billionaire Wealth
May 5, 2025
Enjoy this week's "Investor Insights," a weekly newsletter that highlights the financial news you need and provides tips and tricks for making better investment decisions.
- Small and mid-size businesses are becoming more critical to our economic growth. Nearly 80% of job openings are now from businesses with fewer than 250 employees—a share that has steadily grown over the past five years. 1
- The number of U.S. billionaires grew from 1,370 in 2021 to 1,990 in 2024—a 45% increase. The top 0.1% of households now hold 13.8% of U.S. wealth, up from 8.5% in 1990. 2
- After an impressive rally last week, the S&P 500 has now jumped 14% from its April low. A further 8% gain would be needed to achieve a new market high above the previous high set back in February. *3
- On May 4th, the Department of Education restarted involuntary collections on defaulted student loans. Of 42.7 million borrowers with $1.6 trillion in student debt, only 38% are current on payments. 4
Sources:
- Apollo - "Small Businesses are More and More Important"
- The Irrelevant Investor - "Animal Spirits: The Most Confusing Rally of All Time"
- Barrons - "The S&P 500 Has Erased ‘Liberation Day’ Losses. A Record High May Be Next."
- MFS - "Beyond the News"
*Past performance is not indicative of future performance
Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.
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