by visualcapitalist We’ve all been affected by the pandemic-induced mayhem of 2020. But when it comes to finances, some have fared far better than others. While job loss persists for Americans making less
The rich aren’t just getting richer. They’re getting there faster than the rest of America’s workers. During the last economic expansion, from 2009 to 2019, average yearly wages for the
by Lance Roberts Every three years, the Federal Reserve releases a study on consumer finances that is a stockpile of data on everything from household net worth to incomes. The 2019 Fed
by Jmoney1932 As Billionaires get richer, American People are still suffering in terms of rent, losing their jobs, and failing to pay taxes.
Tesla's Elon Musk is now richer than Warren Buffett: The 49y old owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his $70.5bn fortune. His majority
$6 trillion / 330 million people = $18,000 a person If you aren’t $18,000 richer after all is said and done, don’t worry, someone else is. — Nick Maggiulli (@dollarsanddata)
by Ryan McMaken via Mises In the wake of the Brexit vote, Scottish nationalists have renewed their calls for a new referendum on Scottish independence. But many remain unconvinced, and many claim Scotland is “too
World’s richest 2,000 people hold more than poorest 4.6 billion combined: Oxfam NAIROBI (Reuters) – The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in
via wallstreetonparade: As Wall Street On Parade has previously reported, JPMorgan Chase has been fingered as the bank that contributed to the Federal Reserve having to intervene in the overnight loan
by Charles Hugh-Smith It’s not too difficult to predict a political rebellion against the machinery of soaring wealth and income inequality. The one constant across the media-political spectrum is an
via mises: Whenever a central bank introduces easy monetary policy, as a rule this leads to an economic boom — or economic prosperity. At least this is what most commentators hold.
The ECB’s QE make low income households richer…my goodness I feel sorry for anyone who actually believes this garbage.
by Jesse Colombo The global elite are meeting in Davos, Switzerland this week and are richer than ever. Bloomberg reports – A decade after the financial crisis poured flat champagne on the
Portfolio Wealth Global, Released on 11/29/18 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He
A joint report by UBS and PWC showed that world’s billionaires’ wealth enjoyed its greatest-ever increase last year, hitting $8.9 trillion shared among 2,158 individuals. “The past 30 years have
via Bloomberg: In Hong Kong, a city of property superlatives, add this one: World capital of flipping office floors. Logistics heir Johnny Cheung Shun-yee made roughly HK$900 million ($115 million)