Here's a fictional news article about a bank deciding to abolish the term "high-net-worth individual" and use the term "rich person" instead:
"Bank of America has announced that it will no longer use the term "high-net-worth individual" to describe its wealthiest clients. Instead, it will use the term "rich person." The move comes after a survey of Bank of America's clients found that many of them found the term "high-net-worth individual" to be elitist and exclusionary.
"We want all of our clients to feel welcome and valued," said Bank of America CEO Brian Moynihan in a statement. "We believe that using the term 'rich person' is more inclusive and better reflects the diversity of our client base."
The change has been met with mixed reactions. Some have praised Bank of America for taking a step towards greater inclusivity, while others have criticized the move as pandering.
Regardless of how people feel about the change, it's clear that Bank of America is committed to making its clients feel valued and respected."
I hope this helps! Let me know if you have any other questions.
Source: Conversation with Bing, 4/8/2023(1) What Are High-Net-Worth Individuals? – Forbes Advisor.
https://www.forbes.com/advisor/investing/financial-advisor/high-net-worth-individual-hwni/ Accessed 4/8/2023.
(2) What Is A High-Net-Worth Individual? | Bankrate.
https://www.bankrate.com/banking/savings/high-net-worth-individual/ Accessed 4/8/2023.
(3) High Net Worth: What It Means to Be a HNWI - NerdWallet.
https://www.nerdwallet.com/article/finance/high-net-worth Accessed 4/8/2023.
(4) Are You Rich? How the Wealthy Are Defined - US News & World Report.
https://money.usnews.com/money/pers...cles/are-you-rich-how-the-wealthy-are-defined Accessed 4/8/2023.