Young adults have adopted a financial habit from their great-grandparents’ generation.
The wealth effect isn’t kicking in, as consumers remain cautious with their finances.
What recession? Since 2009, the ultrawealthy have racked up huge gains.
Five years after the Great Recession hit savers hard, a survey shows that more than half of investors are back on their feet and have regained their confidence.
Despite the battering of the housing market, young adults still intend to own a home.
The housing crash is not only slowing the economic recovery in the U.S., but helped spark global financial troubles …
Those in the highest echelon of income earners — the 1 percenters — are speeding past the rest of the population when it comes to rebuilding wealth after the recession of 2007 to 2009.
A study by E. Morris Cox Professor of Economics at Berkeley Emmanuel Saez, “Striking it Richer: The Evolution of Top Incomes in the United States,” shows that in 2009 to 2010, the 1 percenters captured an astounding 93 percent of income growth. The stock market, which has doubled in three years, is responsible for most of the gains of the wealthy since the recession, while the majority of Americans are still suffering from a sluggish housing market and jobs recovery.
Fed up with a widening gap between the haves and have-nots, protestors have taken their grievances public in the form of growing street protests. Known as the Occupy Wall Street Movement, groups have been forming mostly in the Manhattan area to complain that they don’t wield the same political influence over Washington politics as the
Not to belabor the whole investing in a recession topic, but Vanguard released a paper this week, “Recessions and balanced portfolio returns,” to address a common investor concern during economic contractions. “Given the rising risk of a renewed U.S. recession, investors may wonder about the merits of a more ‘defensive’ posture for their broad portfolio,”
It’s difficult sometimes to get a big-picture view of everything that is going on with so much information. There’s so much news about everything that the forest gets lost in all of the trees. Two news stories really highlight that phenomenon today. The first comes from the USA Today website. “Many investors quit stocks: Is