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“Societies accrue their greatest wealth at the moment they face death,” says one of the talking heads in the opening seconds of Generation Wealth, setting the tone for a documentary that takes a deep dive into the excesses of societies across the globe and surfaces with some disturbing results. You may recognize Lauren Greenfield as […]
Within a week, Republicans will probably pass a corporate tax cut that is one of the most unpopular major pieces of legislation in modern American history. This is a rather curious distinction for a bill that cuts taxes for nearly every American family. How can a trillion-dollar tax cut be so unpopular? One possibility is […]
Joe Raedle/Getty Images Everyone thinks their financial situation is unique — especially people earning an income that fluctuates month to month. Life on a variable income is usually lived in one extreme or another: panic in low-income months, euphoria in high-income months. But that doesn’t mean they don’t need a budget, which is a tool […]
The so-called Big Six of soccer want a larger share of the television money, leading to tensions with other owners as the league’s clubs are resurgent. WSJ.com: What’s News US
What is the right way to age? It’s a question that isn’t explored enough in American society, where, seemingly, people are expected to be forever young, until, suddenly, they are not. Reflecting this binary, any writing about a long life’s final decades tends toward extremes. On one hand, there are the accounts of heroic men […]
THE one-percenters are now gobbling up more of the pie in America—that much is well known. This trend, though disconcerting, is not unique to the modern era. A new study, by Timothy Kohler of Washington State University and 17 others, finds that inequality may well have been rising for several thousand years, at least in […]
Stuart C. Wilson/Getty “Dollars and Sense,” by behavioral economist Dan Ariely and Jeff Kreisler explains that people tend to approach money irrationally. But to build wealth, we have to out-think our emotions. To do it, we have to be aware of psychological pitfalls like “opportunity costs” and the “endowment effect.” Saving money is notoriously harder than […]
Published time: 17 Nov, 2017 11:51 Riyadh seems to have found the way to curb the budget deficit caused by lower oil prices. As the Financial Times report, Saudi officials are offering the arrested royals a deal – pay up to 70 percent of your wealth and go free. The Saudi government could appropriate hundreds […]
Getty / Pool Republicans decided not to limit pre-tax 401(k) savings in the new GOP tax plan. Retirement savings may be protected, but not enough Americans take advantage of the tax savings. Tax savings from Trump’s tax plan wouldn’t be huge, but taxpayers could use the extra take-home pay to increase retirement savings rates. […]
AP Photo/Matt Rourke At least $ 60 million in alleged loans have been exchanged between companies linked to the former Trump campaign chairman Paul Manafort and Russian billionaire Oleg Deripaska, suggesting that Manafort may have had deeper ties to Russian wealth than previously thought. According to an NBC News report published Friday evening, a loan of […]
