There are currently more PE firms in the US than McDonald’s... This shows that there is more profit opportunity in serving financial services to ultra HNIs than to serve simple food to the masses... 50% of all total spending in the US is now done by 10% of the top households... and they have 90% of the investments in the stock market, but only 5% of the household debt... And this is not limited to the US... but applies to almost all major economies where wealth inequalities are rising, including