Baby boomers feel more financially secure than members of Generation Y (ages 21 to 34) and Generation X (ages 35 to 46), but the desire to give more to children and grandchildren is felt universally across the generations.
An Associated Press poll last October found that 30 percent of teens and young adults have had their email, Facebook, or other online accounts hacked into or spied on, but they believe the act is harmless.
Health concerns top the list of personal issues affecting high net worth investors – and for good reason. Industry experts say rising health care cost threaten the retirement security of the baby boomer generation – even its most affluent members.
More affluent Americans are answering the question, “How Can I Pay for College?” by investing in 529 plans, which offer a convenient, tax-advantaged way to finance higher education.
A significant share of Americans manage their money without any help from a financial professional, but certain life events or set of circumstances may call for investment help from a financial professional. How can you tell when you need professional to help you meet your financial goals?
Want to join the ranks of the Ultra High Net Worth? The steps are simple and may even sound a little bit old-fashioned, but that doesn’t mean the road to wealth is necessarily an easy one, according to Millionaire Corner research.
“I look at it this way: I can pay higher taxes and people can have jobs, or I can pay lower taxes and have my kid’s teacher asking me for a loan ‘cause she’s going to lose her house, which is true. So I’m going to lose the money no matter what.”--Chris Rock
The U.S. economy continues to improve at a moderate pace, but future growth is threatened by an “exceptional increase” in the national deficit, said Federal Reserve Chairman Ben Bernanke today in Congressional testimony urging legislators to make curbing the nation’s debt a “top priority.”
The four-week moving average, a less volatile number that flattens out week-to-week fluctuations in the data, was 375,750, a decrease of 2,000 from the previous week.
Facebook Inc. yesterday filed to raise $5 billion through an initial public offering that would be the largest Internet IPO on record, Bloomberg News reports. The revolutionary social networking website reported a 24-fold increase in sales over the past four years and took in revenue of $3.71 billion in 2011. The eight-year old company is considering a valuation between $75 billion and $100 billion.
REITs – or Real Estate Investment Trusts – remain the most popular alternative investment for affluent Americans seeking to diversify their portfolio away from more traditional products, such as stock and bonds.
U.S. manufacturing grew in January for the 30th consecutive month, and the overall economy grew for the 32nd consecutive month, according to the Institute for Supply Management index released Wednesday.
Confidence is shrinking among investors, who tend to doubt their own abilities and say they feel better when then receive ongoing or periodic investment advice, according to a client survey released today by the discount broker Charles Schwab.
How will this year’s crop of ads score? Because of the expense of mounting a Super Bowl ad, advertisers are executing a full offensive drive that includes the Internet and social media.
Homeownership rates fell to 66 percent in the fourth quarter of 2011, sliding .3 percent from the third quarter of the year, according to data released today by the U.S. Census Bureau. The share of Americans owning their own home has fallen despite record affordability and signs of a changing vision of the American Dream.
Not so fast! After two consecutive months of gains, consumer confidence decreased slightly in January. The Conference Board Consumer Confidence Index now stands at 61.1, down from 64.8.
"The wealthy people who are best able to survive these ups and downs are those with the strongest grounding," Frank said. "They really want to contribute something of value to the world as opposed to wanting to take something from the world."
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