With a tax bill tilted to benefit the wealthiest Americans poised to pass Congress this week, U.S. income inequality is poised to set new records. One key to that shift — a change in the tax rules that lets the rich pass their…
Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts — due to expire at the end of the year — for America’s wealthiest taxpayers. Now, he says he’s willing to …
In an academic study, the vast majority of Americans across the political, gender and wealth spectrum displayed a markedly skewed understanding of how America’s money is divided.
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Recent reports show that several banks have begun advising their wealthiest individual clients to put as much as 10% of their assets into the precious metal. And some are stocking up by the ton.
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September’s consumer sentiment level unexpectedly rose to 68.2 from its preliminary 66.6 reading. However, the entire gain came from more positive responses among households earning under $75,000 — those who wouldn’t be affect…