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3 mins read

How rich Americans can save on taxes by giving stock and real estate to their parents

The rich can avoid capital gains taxes by giving appreciated assets to their parents and inheriting…

Hayley Cuccinello   


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2 mins read

Millennials have 'phantom wealth' hidden in their homes and 401Ks — but they don't feel rich

Millennials are wealthier than boomers were at this point in their lives. Home prices and retiremen…

Katie Notopoulos   


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1 min read

Kellogg's CEO says cash-strapped families should eat cereal for dinner to save money

Gary Pilnick, the millionaire CEO of Kellogg, suggested people struggling financially should eat ce…

Katie Balevic   


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7 mins read

Forget free cash, there's an even more American way to help people get ahead

Basic income programs continue to ripple across the US. But some experts say there's a policy that'…

Ayelet Sheffey   


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2 mins read

It's a great time to buy a Hong Kong mansion from the cash-strapped elite

Some upscale properties sold in the first half of the year for up to 50% off 2018's peak prices, pe…

Lian Kit Wee   


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2 mins read

China wants its nepo-baby and get-rich-quick influencers gone

China's biggest platforms announced a synchronized crackdown on "bad behavior" involving flaunting …

Matthew Loh   


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4 mins read

We are a family of 6. We save $7,000 every year by doing 3 things.

Raising kids is so expensive nowadays. I buy secondhand clothes and look for things we need in Buy …

Jenna Jonaitis   


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17 mins read

Inside the company that has discovered the ultimate cash cow: teenage athletes

Michael Schwimer calls his company "Shark Tank for athletes." Critics call it indentured servitude.

Joseph Bien-Kahn   


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4 mins read

Some people are being given thousands of dollars with no strings attached in universal basic income trials. They mostly spend the cash wisely.

A common question about universal basic income, or UBI, is how people spend the money, but early tr…

Theron Mohamed   


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4 mins read

Getting rich is only a swipe away

Social media has proved a fertile hunting ground for fraudsters looking to pitch people get-rich-qu…

Dan DeFrancesco   


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2 mins read

China's economy is so uncertain that the wealthy are turning to an underground network to secretly move cash out of the country

Money advisors in China have directed some clients to a quasi-banking system, sometimes at the risk…

Phil Rosen   


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2 mins read

45 American families are worth more than $10 billion and the wealthiest one is even richer than Elon Musk

Walton, Mars, Koch, Pritzker, Hearst, and Marriott are just some of the famous names on Forbes' lis…

Theron Mohamed   


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6 mins read

Millennials are desperate to buy a home but cash-flush boomers are standing in their way

Sorry, millennials: For the first time in a decade, baby boomers represent the largest share of hom…

James Rodriguez   


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5 mins read

Tasmin Lockwood   


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6 mins read

18 months after Putin invaded Ukraine, Russia's sanctioned oligarchs are still rich and even less likely to stand up to him

Russian oligarchs are still rich. The West hoped that slapping sanctions on Russia's billionaires c…

Ryan Hogg   


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3 mins read

A Boston guaranteed income program gave families $583 a month. It helped them buy first homes and pay off debt.

A Boston guaranteed income program said that after two years, participants bought their first homes…

Noah Sheidlower   


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3 mins read

Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman's new memoir

Buffett praised Cooperman for defending Henry Singleton and Teledyne, and joked he could "deliver N…

Theron Mohamed   


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9 mins read

Rich white-collar suspects are spending millions to turn their luxury homes into jails with 24/7 guards — and one has already escaped

White-collar suspects are paying for bespoke house arrest, designing their own luxurious version of…

Jack Newsham