You Searched For "wealth distribution" and got 20 results
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3 mins read
Boomers who want to transfer wealth to their adult kids should make sure their finances can pass a stress test
Some baby boomers are proactively passing down wealth, but a wealth manager says they should make s…
Kelsey Vlamis
4 mins read
This tiny country says it will give $500 to every adult as an Exxon oil boom supercharges its economy
Guyana, the world's fastest-growing economy after a huge Exxon discovery, is tapping its oil wealth…
Theron Mohamed
3 mins read
Millennial wealth is booming. It turns out avocado toast didn't tank them after all.
It turns out that, after killing off brands and choosing avocado toast over homeownership, millenni…
Juliana Kaplan
3 mins read
Vinod Khosla says universal basic income may be needed as AI takes over jobs and drives wealth disparity
Investor Vinod Khosla predicts AI will handle 80% of work in 80% of jobs. That could drive a need f…
Tim Paradis
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
2 mins read
Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru
Author Chuck Collins says vast fortunes are a red flag and explains why Warren Buffett's post-death…
Theron Mohamed
4 mins read
A baby boomer says he collects enough in retirement benefits to live a good life in Germany but doesn't think his money would go as far in the US
Gary Hohenstein, 73, retired early and moved to Germany with his wife. He said his benefits go furt…
John Towfighi
6 mins read
Who exactly is the middle class that JD Vance and Tim Walz are targeting?
Politicians love to cater to the middle class. But who that actually is remains murky.
Juliana Kaplan,Noah Sheidlower
3 mins read
A third of Americans plan to retire on Social Security alone, but it may not be enough to get by
A personal finance expert shares how Americans can maximize Social Security income and best save fo…
Allie Kelly
2 mins read
The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…
Lakshmi Varanasi
4 mins read
AI risks destroying jobs. Tech leaders think they have the answer.
Figures including Sam Altman think a form of universal basic income, or UBI, could be a solution if…
Beatrice Nolan
2 mins read
A grocery tycoon turned Walmart robotics supplier is one of this year's biggest wealth losers after $9 billion wipeout
Symbotic CEO Rick Cohen has suffered a huge slide in his net worth this year amid an investor backl…
Theron Mohamed
2 mins read
As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals
A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…
6 mins read
Forget red and blue: America's real geographic divide is between bosses and their employees
Executives in New York, call centers in Orlando: American cities are facing a growing power imbalan…
Ned Resnikoff
9 mins read
'My kids can have whatever's left over': the myth of the Great Boomer Wealth Transfer
Boomers hold half of America's wealth — but they're going to spend it on themselves before th…
Ann C. Logue
2 mins read
Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck
Warren Buffett complained he shouldn't pay a lower tax rate than his secretary, called out wealth i…
Theron Mohamed
7 mins read
Millennials have a fresh take on the FIRE movement, and it's less about taking it easy in retirement
As part of the FIRE movement, many millennials are looking to achieve financial independence but ar…
Noah Sheidlower,Kathleen Elki…
2 mins read
One billionaire was minted every 30 hours during the pandemic. Now, a million people may fall into extreme poverty every 33 hours, Oxfam estimates.
In 2021, China minted 62 new billionaires, including Chris Xu, the founder of online fashion giant …
Katie Boon
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…
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 …