Browsing: Wealth Gap
Best Buy’s CEO says growing spending power gap between affluent and poor ‘keeps me up at night’
Unlike luxury consumer goods brands such as Cartier or Louis Vuitton, Best Buy needs to appeal to a very wide…
Rich Americans are increasingly unaware they’re classed as wealthy, say analysts—and Bain say a rise in ‘luxury shame’ means they may try to hide it
In times of economic volatility, wealth is often a subject that becomes politicized. Under Trump 2.0, that means debates over…
The GOP is proposing $1,000 ‘MAGA’ savings accounts for kids. Here’s how they would stack up next to existing investment options
Republicans are proposing the creation of a new tax-preferred savings account for children dubbed the “money account for growth and…
Ultra wealthy Gen Zers are redistributing the millions of dollars they’ve inherited—Meet the money coaches helping them
Receiving a mountain of cold hard cash might be a dream come true for most. But for others, it’s a…
The American ‘oligarchy’ Biden denounced as a threat to democracy gained $1.5 trillion in net worth during his term
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Budget-friendly Frontier Airlines is ripping out economy rows on its planes and adding first-class seats to tempt wealthy travelers
Frontier Airlines, known for its cheap fares and fees for everything from bringing a backpack to buying an in-flight drink,…
Even households earning over $150,000 a year are living paycheck to paycheck, Bank of America says
It’s no surprise that everything is more expensive these days. (Tickets to the World Series are the most expensive of…
‘We are essentially in a new Gilded Age’: As workers get laid off, CEOs and shareholders gobble up hundreds of billions in profits
Taking a modern-century spin on “Let them eat cake,” shareholders are having the whole cake, and eating it too. It’s…
When it comes to the presidential election, what once was like the Kentucky Derby has been turned into a Formula…
The crisis continues at Boeing, and the aircraft manufacturer announced Friday that it plans to lay off around 17,000 employees,…












