Wealth Blog

The predictions for holiday spending among the wealthy are out, and you know how it goes with the best intentions. The rich might be saying one thing while doing another. The Neiman Marcus annual Christmas Book aside, a retail study by GfK MRI Focus says baby-boomer millionaires are not into making impressions and that they

What’s money for if not to buy luxury? In the heart of Manhattan, that often means a private, secure and convenient place to park the Bentley. A new, 19-story, 14-unit condo in the Chelsea neighborhood has a unique concept to appeal to those who want their parking situation to match their high-priced dwellings: en suite

If you think the rich should pay more in taxes, you’re not alone. Supporters come from among the millionaire ranks themselves. In the wake of billionaire Warren Buffett’s written plea in the New York Times calling for Congress to impose more taxes on the super-wealthy, two dozen millionaires went to Capitol Hill to make their

Being a millionaire ain’t what it used to be. Nearly 800 wealthy individuals worldwide surveyed by Barclays Wealth say it takes a minimum of $10 million in liquid assets to define a person as wealthy. The fact that the definition specifies liquid wealth is important. As many of the superwealthy discovered during the recession, wealth

If you’re the children of baby boomers, you’re less likely to get an inheritance than if your parents are older than 65, says a new survey. And even if you do get the money, it’s more likely to come with strings attached if your parents are wealthy. The Journal of Financial Planning and Allianz Life

Households headed by a person age 65 or older have a net worth 47 times greater than households headed by someone under 35, the widest wealth gap between young and old on record. According to U.S. Census data, the wealth gap between these two groups is double what it was in 2005 and almost five times

Think you could save money and live better by becoming an expat? Maybe. Many retirees with means are moving to cities like Buenos Aires, Argentina, or countries like Costa Rica and Panama with the belief that their money will go further, and often, it does. But sometimes considering only the big costs such as buying

Even if it’s debatable by demographers, the number seems almost incomprehensible: 7 billion people now inhabit the earth, creating opportunity for innovation and economic growth while causing concern about the sustainability of finite resources. The population has more than doubled from 3 billion in 1960, and the United Nations anticipates that it will surpass 9 billion

The rich are indeed getting richer – by leaps and bounds when compared to the rest of the population. Between 1979 and 2007, the wealthiest 1 percent of Americans saw their after-tax income nearly triple, while the 60 percent of the population that largely makes up the middle class saw an increase of just under 40

Some billionaires invest the old-fashioned way — in land. After all, they’re not making any more of it, and its tangibility appeals to those who want to touch and see their investments. The largest land baron in the country is John Malone, chairman of Liberty Media, who surpassed another media mogul, Ted Turner, by 200,000 acres