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5 mins read

Welcome to the age of geriatric millionaires

Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…

Juliana Kaplan   


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3 mins read

South Africa's cash giveaway plan is not universal basic income, experts say

A South African program would pay too little money to too few people to qualify as universal basic …

Theron Mohamed   


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4 mins read

A shortage of young men in the workforce could weigh on housing, Social Security, and growth for years to come

Around 7.2 million men have dropped out of the workforce. That has a host of consequences that coul…

Jennifer Sor   


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2 mins read

How much wealth you need to be in the top 1% in countries around the world

Americans need a minimum of $5.8 million net worth to be in the top 1% of US wealth — less than hal…

Noah Sheidlower   


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3 mins read

Why lifestyle creep can cause HIFIs to spend 'every cent they make,' according to a financial planner

Many Americans feel financially insecure and spend a fortune to appear wealthy, a financial planner…

Allie Kelly   


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2 mins read

Americans' growing wealth points to a boom in a tax-exempt corner of the bond market

Adjusted gross income in the US spiked 17.7% to $2.2 trillion in the 2021 tax year, the highest yea…

Yuheng Zhan   


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1 min read

Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine

Putin is widely expected to coast to reelection, after which Bloomberg reported that the country co…

Yuheng Zhan   


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4 mins read

Cork Gaines   


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5 mins read

For some millennials, the reality of their retirement plans is that they're a fantasy

New data shows a significant gap with how much millennials expect they need to retire ($1.7 million…

Dan DeFrancesco   


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2 mins read

Vermont is debating a 'millionaires tax.' Massachusetts added $1 billion to its budget and paid for school lunches with a similar tax.

Vermont lawmakers are debating a 3% tax on residents earning more than $500,000 yearly. It would be…

Kenneth Niemeyer   


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7 mins read

Meet the millennials who made all the right money moves in the pandemic economy and are suddenly wealthy

Millennials' average wealth doubled in the last four years, leaving some surprised to realize that …

Juliana Kaplan   


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1 min read

Wealth inequality and 'billionaire supremacy' have gotten so bad that at this rate, it will take 230 years to end poverty

Oxfam International said top billionaires have become $3.3 trillion richer since 2020. Meanwhile, 6…

Katie Balevic   


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2 mins read

Giving new babies a savings account can help curb wealth gaps and make college feasible. One Democrat wants to make it federal law.

Senator Bob Casey's proposal for automatic savings accounts for every kid in the US plays on a popu…

Juliana Kaplan   


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7 mins read

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty

India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…

Theron Mohamed   


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1 min read

Don't worry about US debt because household wealth is 4 times bigger, former Fed economist says

"Politics is the real threat, not the level of borrowing. A country that prioritizes the size of th…

Filip De Mott   


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3 mins read

Incomes are either rising too slowly or falling at the lower end of the bracket

India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…

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2 mins read

Progressive Democrats are proposing a new tax they say will help 'close the exorbitant wealth gap'

Pressure group the Patriotic Millionaires helped devise legislation called the Oligarch Act that wo…

Joseph Wilkins   


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7 mins read

Angus Deaton won a Nobel Prize in economics. Now he says he got it wrong on globalization.

Angus Deaton has been an economist for over fifty years. He's still rethinking his views.

Juliana Kaplan   


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2 mins read

Bumper corporate profits helped prevent mass layoffs and a recession, says leading economist

Big corporate profits led to employers retaining workers, which helped shore up spending and preven…

Theron Mohamed   


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3 mins read

Who are the HENRYs? Charts show who makes more than $200,000 and how they earn it

Some Americans are high earners but haven't reached millionaire status yet. Here's how they make th…

Juliana Kaplan