Business + Money

A new wave of billionaires is invading the world’s richest 1%, and they didn’t make their wealth through humble beginnings. Inheritance Surpasses Wealth Creation A shift in global wealth has occurred for the first time in the nine years that UBS has monitored billionaires. Inheritance Driving Billionaires In a report from UBS, the new members … Read more

The Biden-Harris Administration has unveiled a major initiative aimed at sparking innovation and boosting the U.S. economy. Driven by an investment exceeding $530 million, ten American regions identified for their potential as hubs of innovation are set to receive crucial financial support. The U.S. National Science Foundation’s Regional Innovation Engines program promises to revolutionize industries … Read more

With divorce rates steadily increasing for older Americans, academics and financial professionals are examining just how expensive these separations can be for people 55 and older. Rise of the Gray Divorce The term “gray divorce” refers to marriages that end later in life, usually over the age of 50. And since the 1990s, the rate … Read more

New reports and analysis show that despite significant increases in employment and income during the COVID-19 pandemic, the wealth gap between white, Black, and Hispanic households has also increased. Pandemic Changes There have been many studies on the financial changes that took place throughout the Covid-19 pandemic. One recent report has shown that ongoing trends … Read more

During the COVID-19 pandemic, income inequality in the United States worsened, with a significant wealth transfer upwards, as highlighted by the RAND Corporation’s findings of a $50 trillion shift from American workers to the wealthiest since 1975. The World Inequality Report further revealed that billionaires now own a record 3.5% of global household wealth, exacerbating … Read more

In 2024, the gender pay gap is still a significant problem in the United States. This issue has far-reaching impacts across all genders and income levels. 19th Century Feminists Start the Fight for Equal Pay In the mid-nineteenth century, the first cries for equal pay rang out as early feminists fought for equality across the … Read more

Every year, millions of homes are broken into and burgled in the United States. Here’s how to keep your home from becoming a statistic. Is Your Home Vulnerable to Break-Ins? If you’ve ever wondered whether your home habits are attracting burglars, it might be time to re-evaluate your safety protocols. While home burglaries are on … Read more

An executive from a major fast food brand has spoken out against California’s recent minimum wage increase, slamming the decision and promising price hikes for food as a result. California Raises Minimum Wage for Some Workers For some fast food employees in the state of California, their paychecks are about to get a nice big … Read more

We’re used to hearing about billionaires and their lavish lifestyles, but get ready for a whole new level of wealth – the trillionaire. Oxfam’s Warning Oxfam, the charity organization fighting against poverty, says we might see the world’s first trillionaire within the next ten years. Billionaire’s Bonus in 2020 Between the years 2020 and 2021, … Read more

After being found guilty in a civil fraud case for inflating the value of his properties, former President Donald Trump is facing a $454 million fine. Amidst these legal battles, Trump put Truth Social on the stock market for financial backing, and the stock immediately soared past $7 billion. The Civil Fraud Case Over the … Read more