Wealthy Americans don’t really think that good times are here again for the economy. But they’re going on shopping sprees …
wealth
Should Mitt Romney Embrace His Rich-Guy Image?
Evidently feeling that our political discourse is not silly enough yet, the kind folks at National Review have given us a cover story arguing that Mitt Romney needs to fully embrace his inner Thurston Howell. And that he should …
The Average Canadian Is Now Richer Than the Average American
It’s almost enough to make you want to move to Canada — if you can afford it.
How the Rich Got Rich
John D. Rockefeller, America’s first billionaire, said, “If your only goal is to become rich, you’ll never achieve it.”
Easy for him to say, but his point is well taken: If the only thing you care about is making money, no …
What Comes First–Wealth or Health?
Workers increasingly see themselves as more physically fit than fiscally fit, suggesting that good health is their strategy for saving money in retirement. But until they get control of their finances, their health is at risk no matter how many laps they may swim.
Wealth Transfer? Boomers Banking on a Mirage
Under-saved boomers have long believed that a tremendous generational transfer of wealth will save their retirement. Estimates have put the expected bequest from boomer parents at $10 trillion to $30 trillion. Well, don’t count on it.
Is Success Due to Hard Work and Determination — Or Is There a Lot of Luck Involved?
In a commencement address he gave at his alma mater on Sunday, author Michael Lewis — best known for the nonfiction classics Moneyball and Liar’s Poker – told the assembled graduates something that many of them most likely …
Number of Millionaires in U.S. Decreases but Spikes Worldwide
If you want a clear picture of where global wealth is heading, take a look at the number of millionaire households that have shifted away from the U.S. and toward emerging economies.
Was Nick Hanauer’s TED Talk on Income Inequality Too Rich for Rich People?
Their slogan is “ideas worth spreading.” But the folks at TED – the Technology Entertainment and Design nonprofit behind the TED Talks, beloved by geeks and others interested in novel new ideas – evidently think that some …
Romney Pal Writes an Ode to Inequality
Mitt Romney no doubt appreciates the million bucks his former Bain Capital protégé Edward Conard has donated to his election SuperPAC. He may not appreciate quite as much the shout-out he gets in the acknowledgements of …
Another Green Shoot: Millionaire Households Rising
Millionaire households in the U.S. are rising again, largely because the mass affluent stayed the course with their stocks during the downturn and are reaping the benefits of the market’s recovery. But frugality also played a big role.
Sandwich Generation: 6 Money Messages for Your Parents and Kids
Boomers are making a lot of the same mistakes their parents made when it comes to discussing money with family. That is, they aren’t doing it. But it’s time to have the The Talk, with aging parents and grown kids. Here’s how.
