wealth

Net Worth of U.S. Households Sets Record

A surging stock market and rebounding home prices boosted Americans' wealth to a record in the final three months of last year, though both trends have slowed so far in 2014.

We Test Out the $175,000 'Royal Bed'

Savoir Beds, a British luxury mattress maker, just introduced a $175,000 bed. How much do you actually need to spend on a good night's sleep?

Money Never Stops Buying Happiness

New research out of the Brookings Institution claims there is no ceiling above which additional wealth stops contributing to people's sense of well-being.

5 Ways Rich People Think Differently From the Rest of Us

After three decades of interviewing self-made millionaires, Steve Siebold, author of "How Rich People Think," has concluded that the wealthy just think differently about money than the middle class. Here are five examples of what he learned:

America's Richest Cities

Median household income in the United States has declined for the second straight year, according to data released by the U.S. Census Bureau last month. But there are many cities that are doing well. These are America's richest cities.

Obama on Personal Finance: First Car Had 'a Big Hole in the Floor'

Mitt Romney's net worth: $200 million. Barack Obama's response to Romney's claim that the president's "out of touch" with the concerns of ordinary Americans: Priceless. "I bought my first car for about $900," said Obama. "It had a big hole in the floor that allowed you to see the road, so I knew my wife wasn't marrying me for my money."

Tea Party Rep. Spends Big Bucks to Feed His Family

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 We Draw the Wealth Line

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.