Wealth


PM: Israelis Soon to Be Wealthier Than Japanese

Israel’s per capita gross national product (GNP) has reached $40,000, Prime Minister Binyamin Netanyahu said in a speech Tuesday morning – almost as high as Japan’s. “In two or three…

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Home-Price Gains Lift U.S.Household Wealth to $90.2T

A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans. The Federal…

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NY Millionaires to Albany: Raise Our Taxes and Spend

More than 40 millionaires, including members of the Rockefeller and Disney families, are asking to have their taxes raised to help address poverty and rebuild failing infrastructure. A higher tax…

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Census: Income, Poverty Numbers Stay Just About the Same

The wallets of America’s middle class and poorest aren’t getting any fatter, the U.S. Census reported Wednesday, a financial stagnation experts say may be fueling political dissent this campaign season.…

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OPINION: Following the Road Map to Prosperity

How does a nation or state create economic growth and rising living standards for its citizens? Once upon a time, superstitious economists believed that growth resulted from how the stars…

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Poverty Rate Slips, But Median Income Remains Flat

The nation’s poverty rate dropped last year for the first time since 2006, but the typical household income barely budged, in a sign of the continuing sluggish economic recovery from…

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S&P: Wealth Gap Is Slowing US Economic Growth

Economists have long argued that a rising wealth gap has complicated the U.S. rebound from the Great Recession. Now, an analysis by the rating agency Standard & Poor’s lends its…

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Survey: Number of Millionaires Up 2M, to Record

Nearly two million people around the world became millionaires last year, a year-over-year increase of 15 percent, as surging stock and home markets lifted the fortunes of the wealthy. The…

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