Wealthy inequality is a hot button issue in the United States. Many of the 2020 Democratic presidential candidates have already weighed in on the subject. Now JPMorgan Chase CEO Jamie Dimon offered his opinion during an interview with “60 Minutes.” “I think it’s a huge problem,” said Dimon, who is estimated to have a personal net […]
Investors with significant wealth were asked their opinions concerning what shape the economy will take in the future in a recent survey by Swiss multinational investment bank and financial services firm UBS. A majority of the investors surveyed reported they believe a significant market decline will happen in 2020. To be surveyed, one needed to have […]
In today’s world, your true financial worth may be measured in how little you pay in taxes. That’s because income inequality is at its highest levels since the Great Depression. In 2016, the top 1% of wealthy families and individuals owned over 40% of all wealth. The bottom 50% shared the rest collectively. This disparity […]
Financial security is foolproof barometer of true wealth. If you have no money worries, you’re rich at any level of savings. Yet the vast majority of Americans are not confident in their financial security. More than 40% of us couldn’t pay $400 to handle a financial emergency. Around a quarter of Americans describe themselves as […]
It is often said that the difference between a poor man and a rich man is that the former works for money, while the latter makes his money work for him. Billionaires always seek manage to multiply their wealth. They spot money-making opportunities earlier than others and make investments that grow in value over time. […]
Several economists and finance experts have been warning that another global financial recession could occur by 2021 for some time. In August 2019, more than 72% of the economists surveyed by the National Association for Business Economics predicted that a global recession will occur by 2021. Three out of every four economists surveyed agreed on […]
The agricultural trade war between the United States and China has exacerbated American farm bankruptcies to levels unseen since 2011. According to the American Farm Bureau Federation, the country’s largest farm advocacy organization, around 580 farms filed for Chapter 12 bankruptcy from January 2019 to September 2019. Businesses must repay creditors within five years of […]
Many mistake a slowing economy with an economy that’s going into recession. Stimulus from lower interest rates has offset slowdown from trade, at least in the United States. Conditions are ripe for a multi-month rally One of the persistent themes of 2019 has been constant chatter about an imminent recession. The irony is that this […]
Exchange traded funds (ETFs) and index funds both have their own merits and limitations. Determining which of the two investing strategies is best for your portfolio will depend on a number of factors as well as your personal goals as an investor. An ETF is an investment fund that holds assets such as stocks, bonds, […]
If the idea of assuming the debts of others is a good business strategy, then business must be good. Americans are drowning in waves of self-perpetuating debt unseen by experts in decades. According to data compiled by The Federal Reserve Bank of New York, Americans had collectively racked up $12 trillion by Q1 of 2017. […]
