#wealth-disparity

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#consumer-spending

Successful White Men Alone Can't Create America's Economic Future

America's economic future relies on inclusive access to financial resources and opportunities for all demographics.

Wealthier Americans are driving retail spending and powering US economy

Wealthier consumers are primarily responsible for continued retail spending despite high prices, while lower-income consumers struggle with inflation.

Anant Ambani's glitzy wedding highlights India's missing middle class'

India's middle class is much poorer than China's despite economic growth.

Successful White Men Alone Can't Create America's Economic Future

America's economic future relies on inclusive access to financial resources and opportunities for all demographics.

Wealthier Americans are driving retail spending and powering US economy

Wealthier consumers are primarily responsible for continued retail spending despite high prices, while lower-income consumers struggle with inflation.

Anant Ambani's glitzy wedding highlights India's missing middle class'

India's middle class is much poorer than China's despite economic growth.
moreconsumer-spending

Meritocracy & Machiavelli for Nice Guys: Peterson on Power & Integrity

True success in a meritocracy requires integrity and long-term vision rather than manipulation and ambition alone.

The Largest Cities in the World Are a Nightmare, Unless You Have Money

Urbanization hugely contributes to wealth disparities, especially in megacities, significantly affecting healthcare access and social equality.

The typical American millionaire says you need nearly $4 million to retire comfortably

Retirement savings expectations vary significantly by demographic factors, including age and financial status, influencing what individuals define as 'enough' to retire comfortably.

I visited 2 of America's wealth hubs: Scottsdale and Jackson Hole. One was ideal for vacation, while the other seemed better for living.

Scottsdale and Paradise Valley are affluent hot spots in Arizona, with many millionaires residing there.
#housing-market

Homes are so expensive a record number of first-time buyers needed an inheritance

The U.S. housing market is increasingly inaccessible for younger buyers, with inheritances playing a critical role in homeownership.
First-time homebuyers are older, wealthier, and increasingly reliant on inheritances to afford down payments.

Renter households surged at triple the rate of homeowners

Renter population growing three times faster than homeowners.

Homes are so expensive a record number of first-time buyers needed an inheritance

The U.S. housing market is increasingly inaccessible for younger buyers, with inheritances playing a critical role in homeownership.
First-time homebuyers are older, wealthier, and increasingly reliant on inheritances to afford down payments.

Renter households surged at triple the rate of homeowners

Renter population growing three times faster than homeowners.
morehousing-market
#billionaires

Exclusive | NY lost 9 billionaires this year - here's how their absence is bad news for every New Yorker

New York billionaires are losing wealth, with nine dropping off Forbes 400 and a total of 18 in five years.

Does the US Open's Billionaire Girls Club show money trumps talent?

Emma Navarro's experience at the Paris Olympics highlights the stark wealth disparity in sports, particularly juxtaposed with traditional players' backgrounds.

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

Billionaires in the U.S. now control 1 in every 25 dollars of American wealth.
Since 2017, U.S. billionaire wealth has doubled following the tax overhaul by Republicans under Donald Trump.

Why you shouldn't invest like a billionaire

Billionaires aren't ideal investment role models for the middle class due to different financial motivations and access to exclusive opportunities.

Billionaires like Elon Musk don't just think they're better than the rest of us they hate us | Zoe Williams

The article critiques the current behavior of the wealthy, highlighting their disconnect from reality despite their claims to care about global issues.

Exclusive | NY lost 9 billionaires this year - here's how their absence is bad news for every New Yorker

New York billionaires are losing wealth, with nine dropping off Forbes 400 and a total of 18 in five years.

Does the US Open's Billionaire Girls Club show money trumps talent?

Emma Navarro's experience at the Paris Olympics highlights the stark wealth disparity in sports, particularly juxtaposed with traditional players' backgrounds.

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

Billionaires in the U.S. now control 1 in every 25 dollars of American wealth.
Since 2017, U.S. billionaire wealth has doubled following the tax overhaul by Republicans under Donald Trump.

Why you shouldn't invest like a billionaire

Billionaires aren't ideal investment role models for the middle class due to different financial motivations and access to exclusive opportunities.

Billionaires like Elon Musk don't just think they're better than the rest of us they hate us | Zoe Williams

The article critiques the current behavior of the wealthy, highlighting their disconnect from reality despite their claims to care about global issues.
morebillionaires

I'm a farmer and I'm glad to see tax loopholes closing for cynical investor landowners | Guy Singh-Watson

The inheritance tax changes may unfairly burden farming families while trying to address tax loopholes for wealthy landowners.

Elsbeth Recap: Triple Your Heist, Triple Your Fun

The episode highlights a clever counter-heist narrative while addressing themes of wealth disparity and societal expectations in a lighthearted manner.

Just 10% of privileged Brits 'end up in working class jobs' says study

The research underscores the entrenched class divide in the UK, revealing that wealthy families enjoy significant advantages in securing top job positions.
#financial-independence

My Wife and I Have Seen Our Incomes Explode but Are Worried About Leaving Friends Behind - What Should We Do?

Rich people's social dynamics often get complicated by income disparities, leading to discomfort and detachment in friendships.

I have a net worth of $8 million and my fiance has a net worth of $1.6 million. Is it unfair to enter a marriage assuming that shouldn't be shared?

Navigating financial discussions in marriage, especially with significant disparities in net worth, can be challenging yet crucial for relationship stability.

My Wife and I Have Seen Our Incomes Explode but Are Worried About Leaving Friends Behind - What Should We Do?

Rich people's social dynamics often get complicated by income disparities, leading to discomfort and detachment in friendships.

I have a net worth of $8 million and my fiance has a net worth of $1.6 million. Is it unfair to enter a marriage assuming that shouldn't be shared?

Navigating financial discussions in marriage, especially with significant disparities in net worth, can be challenging yet crucial for relationship stability.
morefinancial-independence
#architecture

Bring on the Vegas glitz! How Roma families are defying their persecutors with bling palaces

Roma kings in Romania express cultural identity through extravagant mansions, showcasing wealth in marginalized communities, despite mixed local perceptions.

Would You Live in This 250-Room American Home?

The Gilded Age reflected significant wealth disparity through the grand mansions of wealthy families in America.

Bring on the Vegas glitz! How Roma families are defying their persecutors with bling palaces

Roma kings in Romania express cultural identity through extravagant mansions, showcasing wealth in marginalized communities, despite mixed local perceptions.

Would You Live in This 250-Room American Home?

The Gilded Age reflected significant wealth disparity through the grand mansions of wealthy families in America.
morearchitecture

Eton among elite private schools set to cash in on windfall from new VAT rules

Elite private schools in the UK may receive significant financial benefits from new VAT policies, increasing disparities in the education sector.

Boomers are the wealthiest generation that's ever lived, finds Allianz-Millennials are the 'biggest losers' thanks to economic crises

Baby boomers are the wealthiest generation due to favorable economic conditions, while millennials face wealth accumulation challenges from multiple crises.

Letters: Gun control

Stricter gun control is necessary to protect children and prevent gun violence in schools.

Borders Are Drawn to Protect Stolen Wealth. They Are a Process, Not a Place.

The contrasting responses to the tragedies involving the rich men in the submersible versus the poor migrants on the Adriana highlight significant social disparities.

VALUE JUDGMENT

The art world increasingly reflects the growing disparities between wealth and poverty, urging a thoughtful engagement with value and representation.

If You Can Live in This County, You're Doing Well

Florida's richest counties boast higher household incomes and low unemployment rates, reflecting selective economic prosperity.

Congress members may have wealth tied to sinister era of US history

Congressmembers' wealth is linked to their ancestors' involvement with slavery.
Descendants of slave owners tend to have significantly higher net worth.
The study highlights the persistent economic advantages stemming from slavery.

The Rich People Have Gone Away by Regina Porter review ambitious New York lockdown mystery

Regina Porter's second novel, The Rich People Have Gone Away, captures the impact of the pandemic on social structures and individual lives.
#interest-rates

The ultra-wealthy are benefiting from today's real estate market as everyone else is frozen out

The current real estate market favors the ultra-rich with all-cash purchases, freezing out younger aspiring homeowners.

The pain from the Fed's rate hikes is surprisingly elusive

Higher interest rates didn't lead to increased unemployment as feared, with the job market remaining strong.

The ultra-wealthy are benefiting from today's real estate market as everyone else is frozen out

The current real estate market favors the ultra-rich with all-cash purchases, freezing out younger aspiring homeowners.

The pain from the Fed's rate hikes is surprisingly elusive

Higher interest rates didn't lead to increased unemployment as feared, with the job market remaining strong.
moreinterest-rates
#real-estate

Bangladesh's missing billionaires': A wealth boom and stark inequality

The most expensive building in Dhaka highlights economic disparity.

Two London rooftops go on sale for eye-watering 200,000

Rooftops in London sell for more than a three-bed terraced house in northern England.

Bangladesh's missing billionaires': A wealth boom and stark inequality

The most expensive building in Dhaka highlights economic disparity.

Two London rooftops go on sale for eye-watering 200,000

Rooftops in London sell for more than a three-bed terraced house in northern England.
morereal-estate

Starving Albany lawmakers resort to eating corndogs amid late-budget pay freeze

What they should be hungry for is a budget deal.

Biden mocks 'defeated-looking' Trump in front of small crowd in Scranton on second day of NYC trial

President Biden pokes fun at Donald Trump during his Manhattan trial, highlighting differences in upbringing, wealth, and tax practices.

Opinion: How wealth worsens California's housing crisis and what lawmakers can do

Housing insecurity spiked due to COVID-19, inflation, and high living costs. California introduced social housing legislation to address the crisis.
#homelessness

Silicon Valley Pain Index report finds inequities worsening in South Bay

Growing inequality in Silicon Valley highlighted by the Silicon Valley Pain Index.

San Jose ranks among best places to live in U.S. - San Jose Spotlight

San Jose ranked No. 4 for quality of life in U.S. News and World Report list
Concerns raised about homelessness, racial inequities and wealth disparity in the city

Silicon Valley Pain Index report finds inequities worsening in South Bay

Growing inequality in Silicon Valley highlighted by the Silicon Valley Pain Index.

San Jose ranks among best places to live in U.S. - San Jose Spotlight

San Jose ranked No. 4 for quality of life in U.S. News and World Report list
Concerns raised about homelessness, racial inequities and wealth disparity in the city
morehomelessness

Latinos, Asian Americans see biggest homeownership gains

Homeownership rates for Hispanic, Black, and Asian Americans grew despite high interest rates.
White Americans still have the highest ownership rates, but Asians and Hispanics had the largest gains.

Every State's Worst County to Live In

Stark income inequality in the US highlighted, with the top 1% owning more wealth than the bottom 90%.

People Who Have Nannied For Ultra-Rich Families Are Getting Candid About Their Experiences, And Wowza

Working for ultra-wealthy families can involve extreme wealth disparities and challenging parental dynamics.

Growth is enriching an elite and killing the planet. We need an economy based on human rights | Olivier De Schutter

Economic growth disproportionately benefits the wealthy rather than eradicating poverty for all.
from Slate Magazine
4 months ago

The Supreme Court Just Released A Revolutionary Opinion. Will Anybody Notice?

The Supreme Court's recent decisions have significantly undermined the power of federal agencies to regulate various aspects of society.

Andrew O'Hagan's Bonfire of the Vanities

The author presents a contrast between the wealthy and the poor living side by side in London, similar to historical records from the late 19th century.
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