rich

3 Years of Economic Growth – Are You Feeling The Prosperity?

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The chart below shows that the American economy, based on the latest GDP data, has been growing consistently higher for the last three years. Coupled with the stock market reaching new highs one may argue that America has found its groove again and that we are back on the yellow brick road to prosperity. Sadly, […]

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The Rich Get Richer and The Poor Get Poorer – An End to The American Dream?

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The graphic and data below from Bloomberg provide a stark reminder of how divergent income growth in America has been. A particularly timely topic during an election year where income inequality has had such a significant focus. The underlying data, showing a fall off in average family income, challenges the very notion of the American dream where each generation does […]

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How Rich Am I Relative To Others

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The table to the right shows where your household stands, relative to others, based on how much income is earned per year. For example, if your household makes $50,000 a year you would be making more than 56% of American households. At $100,000, you make more than 81% of Americans. To be in the 99% percentile, or in the […]

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The Profile of a Well-to-do or Rich American

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A lot of people say “richer” Americans are an eccentric lot. But the fact is that, your co-worker or neighbor down the road is probably more likely to better fit the “well-to-do” or upper class profile than someone like Donald Trump. Based on information from the Census and IRS data, the tax policy center put […]

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Middle Class Doomed as Millionaires Boom – How You Can Join the Ranks of the Rich

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According to a recent report from the Deloitte Center for Financial Services, the total number of US families with a net worth of over $1 million will double by 2020. All this while the unemployment rate hovers around 10% amidst a tight job market undergoing significant structural reform. Overall, the U.S. and Europe have the […]

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How Much Do People Drink vs Abstain – 2011 Global Alcohol Report

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I must say I do enjoy an occasional social drink and was quite interested to see how I compare to the average drinker in a recent report that came out from the World Health Organization.  The report reaffirms some well known facts but also highlighted some worrying trends related to drinking, whether you are rich […]

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Rich Advice: What The Top Financial Advisors Are Saying About Investing

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I always enjoy reading Barron’s annual Top 1,000 financial advisors list. While, I am way too middle class to engage the ongoing services of a financial advisor (most of the top advisors service families/people with more than $5 million in net worth), it’s still interesting to note what they are saying about the future and […]

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The Many Paths to Riches and Wealth – Which One Are You On?

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We have all thought about being wealthy and rich, and what we would do if we had enough money to fund all our desires and take care of loved ones. However, how can you get rich? In reality there are only a few ways to do so and here I look at the main paths […]

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