wealth

Big U.S. Cities Added 7.3% More Millionaires in 2010

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.

Voodoo Economics: Mystical Methods to Attract Money

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

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.

Should You Save or Earn Your Way Rich?

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 Dad: What the Super-Rich Teach Their Kids

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.

The U.S. Is Still Tops for Millionaires

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.

The Six Demographic Characteristics Of Divorce

Divorce is a common affair in America today, but it hits some groups harder than others. Yes, race can be a factor -- but far more telling is financial status, among other things. For answers, 24/7 Wall Street digs into the Census Bureau%u2019s May report, Number, Timing, and Duration of Marriages and Divorces: 2009.

Where U.S. Millionaires Will Live in 2020

Prepare yourself for the decade of the multiplying millionaires: By the end of 2020, the number of affluent households that will cross the line into seven-figure status is expected to virtually double the ranks of U.S. millionaires. So where will all that money be going?

What You Can Buy With a Literal Ton of Cash

With more and more financial transactions being conducted electronically, it's easy to forget the physicality of money. What a dollar weighs, or a pile of them. So just for fun, let's start piling up the Benjamins and see what a pound -- or 10, or 100, or a ton -- of C-notes will buy.

Will China's 'Have-Nots' Be Next to Rebel?

In most respects, China a world away from the oil-dominated autocracies in the Mideast now seething with anti-government unrest. But it faces similar issues: high inflation and a troubling wealth gap that could fuel social upheavals, if Beijing doesn't make some big changes.

Measuring Rich People's Toys Against Average Incomes

The gap between America's super-wealthy and the rest of us has grown so vast it's hard to even comprehend the sums they spend on their luxuries. But if you measure, say, a $200 million luxury yacht in terms of the average U.S. family's household income, the picture comes back into focus.

The Top Wealth-Creating CEOs of 2010

Which CEOs have helped deliver outsize returns to investors -- and which have done them no good at all? Chief Executive magazine has this year's ranking of the top 50 best and worst wealth-creating CEOs. The No. 1 shareholder friend: Priceline CEO Jeff Boyd.

Income Inequality on Course to Hit Record Levels

With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift -- a change in the tax rules that lets the rich pass their wealth on to their heirs at the lowest tax rates in decades.

U.S. Households Grow 2.2% Wealthier

U.S. household wealth increased 2.2% in the third quarter as stock prices rose and consumers cut debt, according to a new Federal Reserve report.

The 10 Richest Countries in the World

The richest countries in the world must have either a small population combined with a very wealthy ruling class, or a large middle class and a wealthy top tier. See who makes 24/7 Wall Street's list of the top 10 wealthiest nations in the world.

Rich vs. Poor: How America's Wealth Is Divided

In an academic study, the majority of Americans polled advocated an unequal division of national wealth, with more cash going to the rich and upper middle class and less going to the poor and working class. However, the respondents ideal model of income and wealth distribution, though far from equal, came far closer to the reality of Sweden than the much more dramatic inequality found in the U.S.

Got money? Give it away!

There's no time like the present to give money away, particularly if you're rich. Taxes are almost certainly going to rise next year, making the end...

Who has the money in the U.S.A.?

"Follow the money," said Deep Throat in the movie All The President's Men. This set us to wondering just where the money is in the U.S.A.? Luckily,...

How Not to Mess Up the U.S. Economy

Every 40 years or so in the United States, American capitalism has to be saved from the capitalists, and the current economic slump appears to be one of those times.

Should the U.S. Tax Firms for Shipping Jobs Overseas?

Intel co-founder Andy Grove has an interesting proposal to induce U.S. firms to rebuild the nation's manufacturing base and boost our employment: Tax companies for every job they offshore, and reinvest the funds in companies that create jobs here.