wealth
What do Tea Partiers feed their families? On Monday, Rep. John Fleming (R-La.), met with MSNBC's Chris Jansing to discuss President Obama's proposed tax hikes on the wealthy. Rep. Fleming only brings home $600,000 a year, and his explanation of why that just isn't enough offers an interesting glimpse into the world of Tea Party economic theory.
How Rich Is Rich? Where America Draws the Wealth Line
10:30AM 8/23/2011
America has always had a love/hate relationship with its wealthiest citizens, and the Great Recession has only made it worse. The trouble is, while everybody knows that "the rich" are the enemy, it's hard to determine where exactly the line lies between salt-of-the-earth members of the middle class and the bloated plutocrats.
Great Recession Created a Historic Racial Wealth Gap
4:00PM 7/26/2011
The twin demons of the housing market crash and the Great Recession have created historic wealth gaps among racial groups in America: The median wealth of white households is 20 times that of black households, and 18 times that of Hispanic households. The main culprit in minority wealth loss? The housing bust.
Multimillionaire businesswoman and business coach Dani Johnson made plenty of mistakes and hit more than a few speed bumps on the road to her success. But those difficulties taught her a few things about how to make money, how to keep it, and how to turn it into your slave.
America's Big City Millionaires Grew by 7.3% in 2010
4:30PM 7/12/2011
The ranks of those who can call themselves rich city slickers have grown a bit thicker. Reflecting the global surge of millionaires, the United States' 10 wealthiest urban areas produced 7.3% more high net worth individuals in 2010, Capgemini announced Tuesday in its U.S. Metro Wealth Index.
Real Voodoo Economics: Mystical Methods for Magnetizing Money
8:00AM 7/11/2011
With millions of Americans near the end of their financial ropes, some may wonder if it's time to try some unconventional methods for turning their fortunes around. Magic. Feng Shui. Or even good old-fashioned prayer. Without judgment or endorsement, we explored some of the occult options.
World's Millionaires Increased By 8.3% in 2010
12:10PM 6/22/2011
Economy, Investing, Bank of America, Biz Brief, Personal Finance, Saving Money
Millionaires are back. The number of individuals worldwide with $1 million or more in assets aside from their residence grew by 8.3% to 10.9 million in 2010, topping pre-crisis 2007 levels, according to the World Wealth Report released Wednesday.
It's a contentious personal finance debate: To stay out of debt and get rich, should we focus on controlling our small purchases, or put most of our effort into making the big gains in areas like earnings? DailyFinance asks three of the Web's most popular personal finance bloggers for their views.
Lessons from Super-Rich Dads: What Buffett, Trump, Lynch and Schwab Taught Their Kids
10:00AM 6/17/2011
People, Investing, Berkshire Hathaway, Charles Schwab, Real Estate, Video, Special Report
All parents aim to bestow their wisdom on their children -- but if your dad is an investment guru, you might want to listen extra carefully. In this Father's Day special report, DailyFinance asked the adult children of these icons about what they had learned about money and life from their dads.
When it comes to its population of millionaires, the U.S. still leads the world, but other countries have gained recently, The Boston Consulting Group reports. In particular, the report found a stagnation of wealth growth in developed nations, but rapid wealth growth in the developing world.
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