Wealth Blog

Sunday, October 30, 2011 10:27 am
By Judy Martel · Bankrate.com

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

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Tuesday, October 25, 2011 3:51 pm
By Judy Martel · Bankrate.com

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

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Sunday, October 23, 2011 2:12 pm
By Judy Martel · Bankrate.com

Asset allocation. Two words with a huge impact on your investment goals. In the current economic environment and with a volatile stock market, you may be tempted to rush into any investment with promising returns. But before risking your long-term goals, reconsider the best decision you can make to see you through these dark times

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Tuesday, October 18, 2011 3:38 pm
By Judy Martel · Bankrate.com

Wall Street professionals have a somewhat pessimistic outlook for their future earnings, with about half of the respondents of a survey saying they expect their bonuses to decline over the next three years. Most — 80 percent of the respondents — don’t expect to receive bigger bonuses. The 1,098 respondents in a survey by eFinancialCareers

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Sunday, October 16, 2011 12:31 pm
By Judy Martel · Bankrate.com

A survey of young students reveals a majority of aspiring entrepreneurs who want to follow in Steve Jobs’ footsteps by inventing something that changes the world. However, the results of the survey also show that their career development and business acumen will have to be stepped up if they are going to reach these goals.

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Tuesday, October 11, 2011 4:04 pm
By Judy Martel · Bankrate.com

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

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Sunday, October 9, 2011 9:31 am
By Judy Martel · Bankrate.com

In an effort to cover the cost of his $447 billion jobs plan, President Barack Obama and the Democrats have proposed a 5.6 percent surtax on individuals who earn more than $1 million a year. “It is time for millionaires and billionaires to pay their fair share to help this country thrive,” said Senate Majority

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Tuesday, October 4, 2011 4:14 pm
By Judy Martel · Bankrate.com

If you want to know where wealth is expanding, look to the Far East. China just published a list of its richest individuals and, for the first time, hit a record 271 billionaires. Average wealth of the 1,000 individuals on the list is $924 million. There are 1 million people in China with a net worth

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Sunday, October 2, 2011 11:28 am
By Judy Martel · Bankrate.com

Just the number itself represents a milestone: seven figures that mark you as a millionaire. The U.S. has 10 million of them and the number is increasing, yet fewer people today believe they can attain that financial goal. A poll by Associated Press and CNBC finds that although 22 percent of respondents believe they need

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Tuesday, September 27, 2011 5:28 pm
By Judy Martel · Bankrate.com

In any list that includes the wealthiest individuals, you might expect a name like Rockefeller to crop up — and it does, at No. 4 on the list of richest members of Congress. Sen. Jay Rockefeller, (D-W.Va.), descendant of oilman John D. Rockefeller, has a reported net worth of $81 million, mostly in trusts. But

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