Robert Frank is an award-winning journalist, best-selling author and a leading authority on the American wealthy. He joined CNBC in May 2012 as a reporter and editor.
Prior to CNBC, Frank worked at The Wall Street Journal for 18 years, serving as a foreign correspondent in London and Singapore, and later covering Wall Street and corporate scandals. For eight years, he was the paper's Wealth Reporter, covering the lives, culture and economy of the new rich.
Frank is the author of two books: "Richistan," a New York Times best-seller, and "The High-Beta Rich," released in 2011. His blog, The Wealth Report, was named by Time magazine as one of America's most influential financial blogs.
Frank holds a bachelor's degree in literature from State University of New York at Binghamton. He lives in New York with his wife and two daughters.
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The average sale price for Hamptons real estate soared 40 percent to $1.7 million.
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In 25 years a serial entrepreneur with grand visions may cross the wealth threshold.
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Bonds are a bad job, with returns relatively meager and prices set to fall, but yield-seeking investors keep pushing money their way.
With the Fed paring back bond-buying, retirees are bracing for volatility, but financial advisors are not too concerned.
Retirees advise young people to start saving for retirement as early as possible to max out compounded-interest gains.