The retirement accounts of Mass. residents could improve the racial wealth gap, report finds – The Boston Globe
“What our research shows is that retirement assets are a much bigger piece of the wealth puzzle than most people realize,” Schuster said. The report found that 61 percent of white households have some kind of retirement plan through their current employer, compared with 52 percent of black households and 34 percent of Hispanic households. […]
Creating So Many Jobs that Destroy Wealth
When Americans face an intense, hyper-partisan Presidential election, every labor market report becomes fodder for Administration claims of what great managers of the economy they are and counter-claims of how misleading such stewardship claims are. Of late, such dueling narratives have featured issues such as the seven-digit (and growing) difference between the official employment rate […]
‘China’s Kim Kardashian’ Wang Hongquanxing banned for flaunting wealth online
A Chinese social media influencer has been banned from the country’s most popular online platform after internet censors disapproved of her posts showing off luxury clothing and jewellery. Wang Hongquanxing, whose blatant displays of wealth earned her the nickname “China’s Kim Kardashian,” was reportedly suddenly removed from Chinese social media sites after bragging about the […]
Draymond Green suggests NBA fines harm players’ ability to accumulate retirement wealth: ‘Not set up for us’
Golden State Warriors forward Draymond Green is one of the most outspoken players in the NBA. He was a key member of the Warriors’ dynasty, but he also has been embroiled in multiple on-court disputes with referees and other players. Many of those incidents have resulted in suspensions and fines, with the 34-year-old having been […]
Yellen bats down proposal for global wealth tax for billionaires
Treasury Secretary Janet Yellen said she does not support a proposal that would impose a global wealth tax on the wealthiest billionaires. Yellen opposes the proposal, put forward by Brazil, which is leading the Group of 20 major economies this year. German, Spanish, and South African officials have also discussed the proposal, which aims to […]
Chinese social media companies remove posts ‘showing off wealth and worshipping money’ | China
Chinese social media companies have launched a new crackdown on user content, targeting posts that flaunt personal wealth or financial luxury. In a statement posted online on Wednesday, Weibo said it had been implementing special moderation efforts this month against “content that emphasizes undesirable values,” including content. “Flag off wealth and worship money”. The statement […]
2 Stocks That Could Create Lasting Generational Wealth – The Motley Fool
These growth companies can protect and increase your wealth for years to come. To build lasting wealth in stocks, you need to look for companies that have plenty of room to expand over the years. Regardless of how stock prices perform in the short term, companies that grow their earnings significantly over several decades will […]
Migration Is Bad for Productivity and Wealth
Wall Street’s most influential mega-investor says immigration is making it harder for developed countries to embrace productivity-enhancing high-tech technologies that boost ordinary people’s incomes. “I would argue that the big winners among developed countries are those with declining populations,” said BlackRock founder Larry Fink. Said At a pro-globalist event hosted by the World Economic Forum […]
Union propagandists are confusing high housing costs with ‘wealth’
For decades, bipartisan research into cost-of-living differences between states has been conducted by federal agencies and agencies. independent economist, Right-to-work states have been shown to have a lower cost of living. In technical terms, they found a strong correlation between rising costs of living and policies that allow for the firing of employees who refuse […]
Televangelist Jesse Duplantis Says His Wealth Is Because He’s ‘Blessed,’ Calls Poverty a ‘Curse’
Televangelist Jesse Duplantis recently defended his wealth as a “blessing from God” and called poverty a “curse.” Televangelist Jesse Duplantis recently defended his wealth as a “blessing from God” and called poverty a “curse.” “Let me give you a classic example of why I don’t care what people think about me or what I have. […]