While many in the US are feeling the pinch of the recession, others are enjoying unprecedented boom times.
So says Phoenix Marketing International, which just released its annual roundup of the states with the most millionaires and found that for the second year in a row, the overall number of millionaire households in the US actually went up.
Now that Paypal has reached 100 million active accounts, a company executive predicts physical wallets will soon be mothballed.
“We believe that by 2015 digital currency will be accepted everywhere in the US -– from your local corner store to Walmart. We will no longer need to carry a wallet,” Paypal President Scott Thompson said in a blog post.
When June Gregg finds something that works for her, she sticks with it.
The Chillicothe, Ohio woman, who recently turned 100, has defied the volatile nature of today's financial world by using the same savings account at the same bank since 1913.