Money News Today That Matters Tomorrow
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 …
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 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 …
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 …
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 …
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 …
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 …
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 …