How is it that a quarter-million dollars of income has come to represent the dividing line between the middle class and the wealthy?
The hoi polloi may be struggling to make the mortgage, but wealthy homeowners are spending $40 million on luxury digs 50 stories up.
The One-Percenters have done extremely well, but the Five-Percenters have done even better. Meanwhile, the middle class is losing wealth.
Those who consider themselves upper class and upper middle class made it through the recession relatively unscathed.
Getting older definitely isn't making me better-looking, but at least it's making me wiser. Here's what I've learned about money that you should, too.
The extravagantly wealthy collect houses around the globe, but they're disconnected from the communities around them. Is this a problem?
A study by behavioral economists suggests that most Americans would prefer a more equitable distribution.
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MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Remember when real estate was so hot there were homebuyer lotteries and bidding wars? And people so desperate to buy that they'd make an offer sight-unseen? In some markets, they're back.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.