A majority of the ultra-wealthy expect a recession next year and are hunkering down

A majority of the ultra-wealthy expect a recession next year and are hunkering down

Amazon and Blue Origin founder Jeff Bezos provides the keynote address at the Air Force Association’s Annual Air, Space & Cyber Conference in Oxen Hill, MD, on September 19, 2018.
Jim Watson | AFP | Getty Images

More than half of the super-rich around the world are already preparing for a recession.
That is according to a UBS survey of 360 global family offices with an average family wealth of…

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