Dallas was the fastest-growing city in 2013 when it comes to new millionaires, according to a report from Capgemini and RBC Wealth Management.» Read More
Investor exuberance as evidenced in a recent survey of fund managers may have foretold the current market selloff.
While the growth of income inequality in the United States is shocking and is surely transforming the economic and political landscape, that transformation may be very different from what many analysts expect.
New research shows that one of the first signs of impending dementia is an inability to understand money and credit, contracts and agreements., reports the New York Times.
Bank of America and GMAC are firing up their formidable foreclosure machines again, after a brief pause, but homeowners are asking why lenders often balk at short sales. The New York Times reports.
Economics was founded by moral philosophers, and links between the two disciplines remain strong. So why won’t economists make judgments on the gap between rich and poor?
The rich are sitting firmly in the public cross hairs, especially as the economy continues to stumble. Reports that Wall Street bonuses will again be high, and the debate in Congress over tax increases for the wealthy, just add to the outrage.
Warren Buffett keeps his #2 slot on the new Forbes 400 list of the Richest Americans, released tonight (Wednesday). The magazine estimates Buffett's fortune at $45 billion. That's $5 billion more than last year's $40 billion.
A growing number of people in their 50s and 60s who desperately want or need to work to pay for retirement are starting to worry that they may be discarded from the work force — forever.
In the debate over the effect of the expiring Bush tax cuts on small business, it’s already possible to do the math. And the Obama administration is pointing to the tax savings that all small-business owners would reap from its own plan to extend the cuts at all but the highest income levels — if, that is, the alternative is letting the cuts expire altogether.
Shaken by what seemed to be an earthquake in the world’s financial markets two years ago, millions of retirees fled to safety, shifting their holdings into safer investments. What should they do now? The NYT reports.
Even if the Bush tax cuts for the wealthy—those making over $250,000 a year—are taken away, it doesn’t necessarily mean they’ll be paying more in taxes, according to one tax expert.
The practices that consumers have adopted in response to the economic crisis ultimately could...make them happier. New studies of consumption and happiness show, for instance, that people are happier when they spend money on experiences instead of material objects, when they relish what they plan to buy long before they buy it, and when they stop trying to outdo the Joneses.
There is a wealth-gap crisis in the United States that is threatening African-American families, Robert Johnson, chairman and founder of the RLJ Companies, told CNBC Monday.
There is nothing like an inquisitive child to make you realize just how complicated the topic of money is.
Here's something that the struggling hotel sector prefers not to spotlight: it is a favorite target of hackers. The NYT reports.
After months of haggling, the terms of financial reform are set in Congress. The New York Times explains how this will impact your wallet.
The world's wealthiest people can, and often do, surround themselves with bodyguards, travel in armored cars with bullet-proof glass and live within well-guarded fortresses. Still, no one is completely immune to murderous plots — not even billionaires.
At a time when many banks have become notorious for taking money away from checking account customers, a start-up is planning to double what it’s putting back in account holders’ wallets.
If you’re an investor in BP and rely on dividend income to pay your daily expenses, rememeber that relying on one stock or even a handful of stocks is incredibly risky.
A Texas pipeline tycoon who died two months ago may become the first American billionaire allowed to pass his fortune to his children and grandchildren tax-free. The NYT reports.
Advisors focused on Gen X and Y clients are blazing trails, creating new fee and service models to serve this large demographic.
Higher tax burdens have many wealthy Americans taking a greater interest in charitable-giving vehicles that offer tax relief.
Gen X faces retirement planning that will include no pension, a potential Social Security haircut and stagnant wages.