CNBC's Jane Wells reads the fine print of the Congressional Budget Office report and reveals the CBO broke the country into five tiers of wage earners. The top 20 percent pay nearly 93 percent of all income taxes, according to the report. At the same time, their incomes are growing far faster than everyone else.» Read More
Want to get rich? Invest in things that rich people buy—including $3,000 ski jackets. Moncler, the Milan-based maker of stylish puffy jackets is about to go public.
Chip Wilson has resigned as chairman of upscale yoga pants maker Lululemon Athletica following an uproar over his comments about customers' bodies.
The "Ferrari Index" is up 18 percent this year, reports CNBC's Robert Frank. Collectible car sales topped $1 billion this year.
U.S. auction sales of collectible cars are set to reach an all-time high in 2013. Plus, why a car sold for $100 million is within reach.
The economy seems to be recovering, but holiday spending so far appears weak. What does this mean for the customary holiday tip?
Diamonds, the ultimate sign of luxury, are facing increased pressure from rival gemstones, according to one retailer.
To raise the minimum wage in his county, one politician asked neighboring counties to join the effort in order to prevent businesses from fleeing.
CNBC's Robert Frank tours a $1 million mansion in Boca Raton, Florida. To help you fill the 9 car garage, the seller will throw in a Rolls Royce Phantom.
Luxury brands are snatching up lamb skin, tanneries and crocodile skin suppliers. Chanel bought Bodin-Joyeaux Tannery, reports CNBC's Robert Frank.
Jan Hatzius, Goldman Sachs chief economist, comments on the jobs report , when he expects tapering and discusses his healthy economic outlook for 2014.
Nelson Mandela embraced free markets, but thought that "with great wealth comes great responsibility," Sir Richard Branson tells CNBC.
Edward Hopper's painting "East Wind Over Weehawken" just sold for $40.5 million. CNBC's Robert Frank reports this is a new record for the artist.
Young pro athletes often burn through big money contracts, but Philadelphia 76ers phenom Michael Carter-Williams is going to an extreme to protect himself.
CNBC's Robert Franks reports that Edward Hoppers "East Wind over Weehawken" beat expectations and sold for $40.5 million at Christie's.
Edward Hopper's famous portrait of economic hardship has just become the new symbol of unbridled wealth.
CNBC's Robert Frank says inequality today is lower than it was when the economy was much stronger.
CNBC's Eamon Javers reports according to the Washington Post says the new study showing a third of U.S. bank tellers rely on public assistance, was released by a labor-backed group.
A new study shows a third of U.S. bank tellers rely on public assistance. CNBC's Kayla Tausche reports the 540,000 bank tellers make an average of roughly $26,000. Robert Frank breaks down the wealth gap in the U.S.
There is no question that inequality is disturbingly high. But the discussion around it is flawed by a disregard for actual data.
The idea of giving to those in need seems to have become buried under a pile of boxes and wrapping paper. It's social media to the rescue.