A provocative new article in the Atlantic Monthly on spending shows how Americans’ consumer spending has changed from 1947 –…
Banking & the Economy
In a struggling economy everyone is looking for a little hope. Could the Mega Millions jackpot, now at an estimated…
My wife and I love watching Downton Abbey, the PBS show about an early 20th Century English country estate and…
Earlier this year I read a great blog post from Ramit Sethi about how people often focus on the wrong…
In recent years, even at a time of global recession, the world’s wealthiest people have been getting wealthier and wealthier. In fact, the wealthiest 5 percent of American households received 81.7 percent of the total wealth gain in America between 1983 and 2009, according to a study from the Economic Policy Institute.
The wealthiest person in the world, according to Forbes, is Mexican businessman Carlos Slim with a total fortune of $74 billion. Number two and number three on the list of world’s wealthiest people are Americans Bill Gates and Warren Buffett, with $56 billion and $50 billion respectively.
With billionaires continuing to see their wealth appreciate at a rapid pace, the question has been asked: “When will we see the world’s first trillionaire?”
A new study reveals that the housing and economic crisis of the past few years is causing health problems, especially amongst older adults. Learn more about the results of this study and what it could mean for your own health.
There has been a lot of conversation in the news recently about the Occupy Wall Street protests and the idea of the “1 percent” and the “99 percent.” One of the puzzling things about the past few years of economic turmoil and recession is that even though the economy has stalled, struggled and stagnated, the “rich are getting richer” than ever before. Find out how the top 1 percent is getting so rich and what you can do to improve your immediate finances.
The recent hubbub about debit card fees could have a big impact on you and your credit card. Find out how banks may replace this lost revenue and how these decisions will affect your wallet.
Most of us have heard of the concept of “net worth” – a measure of total wealth, calculated by taking a person’s total assets minus their liabilities. But when we talk about the true “worth” of someone’s life, did you know that some government agencies and actuaries have actually set a solid number? Find out what that value is and how it makes human lives even more priceless.
Every now and then, I read a news article that makes me want to run through the streets stopping passersby and begging them to read it. This article by Don Peck in the Atlantic Monthly, “Can the Middle Class Be Saved?” is one of them. This is a must-read article for anyone who is concerned about the financial future of America’s middle class – and by extension, the future of America itself. Here’s why.
In much of the news coverage of the “Great Recession” over the past few years, many people have used the phrase, “When the economy recovers.” It’s a given for many of us that somehow, someday, our economy is going to go back to “normal” and people are going to start spending money again.
But what should you do in case the economy doesn’t go back to “normal”? How can you protect your family’s finances and come out ahead, no matter what happens with the economy?