wealth – News Stories About wealth - Page 4

Here's What Millionaires Have in Common

Step one: You might want to quit working for 'The Man'

(Newser) - Hoping to become a millionaire? Well, if you have these four traits, you may have a better shot than most. The authors of two books on millionaires surveyed 700 of 'em to find out what they all have in common, Time reports:

Most are self-employed: If you're making

...

Hoffman
Left His Kids
Out of Will

Jul 21, 2014 10:27 AM CDT

Hoffman Left His Kids Out of Will

Longtime girlfriend trusted to keep them from being 'trust fund' kids

(Newser) - Philip Seymour Hoffman left behind a $35 million estate, but not a penny to his three children. The late actor apparently worried that Cooper, 10, Tallulah, 7, and Willa, 5, would be "trust fund" kids, the New York Post reports. Hoffman also stipulated in his will—written before his...

1% Even Richer Than Thought

STUDY SAYS

Jul 16, 2014 7:40 AM CDT

1% Even Richer Than Thought

Richest Americans control up to 37% of wealth

(Newser) - Just how rich are the super-rich? Apparently a lot of them are too rich to bother responding to surveys asking them how rich they are, and economist Philip Vermeulen believes that has led to their wealth being underestimated. In a new analysis, the senior European Central Bank economist estimates that...

21% of US Is Rich—at
Some Point in Their Lives

Dec 9, 2013 12:39 PM CST

21% of US Is Rich—at Some Point in Their Lives

Rich being defined as making $250K or more

(Newser) - It turns out 21% of working-age adults are rich for at least a year by the time they turn 60. That proportion has more than doubled since 1979, and it's an income group the AP calls America's fastest-growing, based on take-home pay. Made up largely of older professionals,...

Silicon Valley:
Where America's
Middle Class Died

OPINION

Nov 30, 2013 1:55 PM CST

Silicon Valley: Where America's Middle Class Died

Behind Google and Apple, there's a stark class divide: Charlotte Allen

(Newser) - Silicon Valley is home to creative thinkers, green cars, and cool cafes—right? True enough, but it's also a place where rich entrepreneurs live in one part of town and their poor Hispanic maids and gardeners live in another. And tech workers cluster in apartments because houses are too...

People Who Have Sex
4 Times Weekly Earn More

study says

Aug 16, 2013 6:45 PM CDT

People Who Have Sex 4 Times Weekly Earn More

And those who have no sex earn the least: study

(Newser) - Have an active sex life? You're probably earning more money than people who think beds are for sleeping, according to a new study . A close look at 7,500 people in Greece, aged 26 to 50, shows that those having sex at least four times a week earn 5%...

The Economy Is Just Like
a Plane: Coach Sucks

OPINION

Aug 7, 2013 1:45 PM CDT

The Economy Is Just Like a Plane: Coach Sucks

And first class is constantly getting nicer

(Newser) - Take a good look at first class on the way to your cramped coach seat the next time you take a flight, because "airline seating may be the best concrete expression of what's happened to the economy in recent decades," writes Harold Meyerson at the Washington Post...

Wealth Isn't Helping
the US Anymore

OPINION

Jun 17, 2013 12:57 PM CDT

Wealth Isn't Helping the US Anymore

Robert Samuelson believes the recession killed the wealth effect

(Newser) - Normally, when Americans' net worth goes up—say, because the value of their house or their stocks goes up—they spend more money, stimulating the economy. Economists call it the "wealth effect," and it might just have suffered an untimely death as a concept, observes Robert Samuelson at...

Household Wealth Hasn't
Recovered From Recession

May 30, 2013 5:23 PM CDT

Household Wealth Hasn't Recovered From Recession

Fed says average household has gotten back only 45% of money lost

(Newser) - The average US household has a long way to go to recover the wealth it lost to the Great Recession, a report by the Federal Reserve Bank of St. Louis concluded today. The typical household has regained less than half its wealth, the analysis found. Household wealth plunged $16 trillion...

The 12 Things Nearly All Americans Agree On

surveys say

May 13, 2013 11:47 AM CDT

The 12 Things Nearly All Americans Agree On

Surveys show most of us believe in God, are OK with birth control

(Newser) - What can nine out of 10 Americans agree on? Survey says: not much. That's partly because the big polls such as Pew, Gallup, and the General Social Survey are designed to explore differences, not to document what unites the United States. Still, a few questions discover 90% agreement, or...

Buffett Drops Out
of Forbes Top 3
Billionaires

Mar 4, 2013 9:54 AM CST

Buffett Drops Out of Forbes Top 3 Billionaires

Carlos Slim still richest guy in the world

(Newser) - Forbes' annual list of billionaires is out—and for the first time since 2000, Warren Buffett didn't make the top three. The list has again expanded; now it contains 1,426 names who boast a total net worth of $5.4 trillion, compared to $4.6 trillion last year....

Chinese Leader's Family
Is Now Very, Very Rich

Oct 25, 2012 4:24 PM CDT

Chinese Leader's Family Is Now Very, Very Rich

New York Times says Wen Jiabao's family worth $2.7B

(Newser) - It's good to be the king, or at least the prime minister. A New York Times investigation pegs the worth of Chinese leader Wen Jiabao's family at $2.7 billion. The family amassed the wealth after Wen's rise to power, thanks to investments and byzantine financial deals...

We Need New Fixes
for Inequality

OPINION

Oct 15, 2012 1:55 PM CDT

We Need New Fixes for Inequality

The economists think the right and left are both out of ideas

(Newser) - Wealth inequality is a growing problem around the globe, but when politicians debate it "it mostly produces heat, not light," grumbles the Economist in a new op-ed. "At the core, there is a failure of ideas." Conservatives don't think inequality matters, and liberals think raising...

In China, Billionaires
Fall on Hard Times

Sep 25, 2012 9:56 AM CDT

In China, Billionaires Fall on Hard Times

Number of billionaires drops for first time in 7 years

(Newser) - Chinese wealth is suffering, according to an annual report that tracks it. The Hurun Rich List finds that, for the first time in seven years, the number of billionaires (in US dollars) in the country has fallen; it's now down by 20 people from last year, to a total...

World's Richest Woman to
'Jealous' Poor: Drink Less

World's Richest Woman to 'Jealous' Poor: Drink Less

And stop complaining, says Gina Rinehart

(Newser) - Australia's Gina Rinehart may be the world's wealthiest woman, but she's almost certainly not winning any votes for most beloved. The mining tycoon tackled the subject of those who are "jealous" of the rich in a magazine column, and offered them some advice: "Spend less...

Gawker: Help
Us Decode
Bain Files

Aug 23, 2012 4:41 PM CDT

Gawker: Help Us Decode Bain Files

Site posts cache of financial documents

(Newser) - Gawker is slowly assembling an investigative report on Bain Capital, and it wants your help (though it might help if you're a tax attorney or an accountant). The site has acquired a trove of internal files that "reveal the mind-numbing, maze-like, and deeply opaque complexity" of Mitt Romney'...

Poorer Give More to Charity

new study

Aug 20, 2012 8:34 AM CDT

Poorer Give More to Charity

But rich donate big when living in diverse areas

(Newser) - When it comes to charitable donations, lower-income people are willing to part with a much bigger chunk of their discretionary income than big earners are, a study finds. Households that bring in $50,000 to $75,000 a year give 7.6% of their post-tax and post-living expenses income, on...

Surprising Jobs
That Earn 6 Figures

Aug 5, 2012 8:52 AM CDT

Surprising Jobs That Earn 6 Figures

Elevator repairmen make the list

(Newser) - It's not just investment bankers, doctors, and the Waltons who earn sizable salaries. Forbes has compiled a list of 20 surprising occupations that pay out more than $100,000, at least for those in the top 10% of their professions. A sampling:

6 Walmart Heirs Worth Same as Bottom 41% of US

Jul 18, 2012 6:00 PM CDT

6 Walmart Heirs Worth Same as Bottom 41% of US

Their combined worth is $89.5 billion

(Newser) - Who has more money: the six heirs to the Walmart fortune or the bottom 41.5% of all American families put together? Trick question—they're about the same. The Economic Policy Institute calculates that in 2010, six members of the Walton family were together worth $89.5 billion. That...

20% of Voters Less Likely
to Pick Mitt Due to Wealth

survey says

Jul 12, 2012 9:16 AM CDT

20% of Voters Less Likely to Pick Mitt Due to Wealth

New Gallup poll finds that for most, it makes no difference

(Newser) - It's usually good to be the rich guy, but money can't buy Mitt Romney love among some 20% of the electorate: A new Gallup poll finds that one in five registered voters is less likely to vote for Romney because of his $200 million-plus net worth. On the...