finances

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The Average American Is Worth More Than Tim Walz
The Average American Is
Worth More Than Tim Walz
the rundown
Aug 8, 2024 11:43 AM CDT

The Average American Is Worth More Than Tim Walz

VP nominee doesn't own stocks, is thought to be worth $330K, unusual for a high-profile candidate

(Newser) - In the week of getting to know Democratic vice presidential candidate Tim Walz, focus has turned to the Minnesota governor's finances—or what CNBC describes as a "modest financial profile" that stands "in stark contrast to that of Republican presidential nominee Donald Trump."
  • For one thing,
...

Millennials' Wallets Are Doing Pretty Well Post-Pandemic

Young Americans under 40 watched their wealth grow by nearly 50% since 2019, per CAP

(Newser) - While all eyes remain on the US economy as we barrel toward the November election, Axios reports on a noteworthy stat out of the left-leaning Center for American Progress , finding that younger Americans are doing pretty well financially post-pandemic. To wit, the average household wealth of those under the age...

Most Americans Can't Afford the American Dream
Cost of the American Dream:
$3.4M
NEW ANALYSIS
Dec 12, 2023 2:24 PM CST

Cost of the American Dream: $3.4M

Investopedia analysis suggests it's out of reach for many Americans

(Newser) - From getting married, to having kids, to saving for retirement, the American dream is increasingly out of reach—costing about $3.4 million over the course of a lifetime, or double the median lifetime earnings of the typical US worker, according to a new analysis. Financial site Investopedia calculated the...

Poll: Belief in the American Dream Is Fading Fast

Only 36% agree that anyone can get ahead through hard work

(Newser) - Belief in the American dream is fading, with only 36% of respondents to a Wall Street Journal /NORC survey agreeing that anyone who works hard can get ahead. That's down from 53% who agreed with the sentiment in 2012 and 48% in 2016, the Journal reports. In the latest...

House GOPer Sends Letter to Yellen on Hunter Biden

Republicans have started their probe into president's son, as well as into Joe Biden's finances

(Newser) - In October, federal agents announced they'd gathered enough evidence to justify charging Hunter Biden with crimes. Now, House Republicans have jump-started their long-desired investigation of the president's son, as well as the involvement of ex-Twitter employees in handling reporting on him. Per the Hill , a letter sent Wednesday...

After Scandals, Pope Revamps Vatican's Finance Intel Unit

It's part of pontiff's efforts to prevent and counter 'money laundering and the financing of terrorism'

(Newser) - Pope Francis has revamped the Holy See's financial intelligence and anti-money-laundering unit following financial scandals, including an ongoing in-house corruption probe, Vatican officials said Saturday. The changes involve the governance and organization of the unit, which has been renamed the Supervisory and Financial Information Authority, or ASIF, the Vatican...

Appeals Court: Turn Trump's Finance Records Over to House

The president could appeal to the Supreme Court

(Newser) - A federal appeals court ruled Friday that President Trump's financial records must be turned over to the House of Representatives, per the AP . The US Court of Appeals for the District of Columbia Circuit said lawmakers should get the documents they have subpoenaed from Mazars USA. The firm has...

Trump: Schiff Has No Right
Trump: Schiff Has No Right
Feb 6, 2019 5:50 PM CST

Trump: Schiff Has No Right

The president fires back at Rep. Adam Schiff

(Newser) - "Under what basis would he do that?" So asked President Trump after learning Wednesday that Rep. Adam Schiff, as head of the House Intelligence Committee, is leading a probe into the president's finances. "He has no basis to do that," added Trump, per Reuters . "He'...

Mueller May Have Just Crossed 'Red Line' Trump Warned About

Special counsel said to have subpoenaed Deutsche Bank for records on Trump finances

(Newser) - President Trump has warned that Robert Mueller would be crossing a "red line" if he poked around in the Trump family's finances—and apparently Mueller is now prepared to find out what awaits him on the other side of that line. A source has revealed to Bloomberg that...

Can You Pass a Basic Test on Finances? Probably Not

The vast majority of Americans answered barely half of the questions correctly

(Newser) - When it comes to finances, Americans are doing generally better than during the recession. But when it comes to financial literacy, the picture is grim. According to a new survey of 27,564 Americans called the National Financial Capability Study that was put out by the FINRA Foundation , roughly two-thirds...

What Jeb Bush Spent $130M On
 What Jeb Bush 
 Spent $130M On 
Feb 23, 2016 10:29 AM CST

What Jeb Bush Spent $130M On

$50K on Vegas hotels, $5K on pizza

(Newser) - Some $130 million later, Jeb Bush is out of the running for president, but at least he had fun. He should have, anyway, according to campaign finances cited by the New York Times . In between dinners at the Yale Club and Nantucket's Westmoor Club, Bush and his aides stayed...

Caroline Kennedy Reveals How Much She's Worth

Between $250M and $500M, according to newly filed documents

(Newser) - Caroline Kennedy is rolling in the Benjamins—a lot more of them than previously believed, according to newly released documents. Fresh off her nomination to become the next ambassador to Japan , Kennedy was required to file financial information with the US Office of Government Ethics. What the paperwork reveals: a...

12 Celebs Have Finances Hacked and Posted

Beyonce, Jay-Z, Kim Kardashian among the exposed

(Newser) - A website has hacked and posted the private financial data of a dozen A-list celebrities and political figures, including Beyonce, Kim Kardashian, and Hillary Clinton. TMZ won't name the site, but says the FBI launched an investigation after credit card info, social security numbers, mortgages, and other data were...

Tips for Talking Money With Your Spouse

Carl Richards: Financial arguments 'come from surprises'

(Newser) - A financial discussion with your spouse can feel like a minefield of emotional surprises. Financial planner Carl Richards advises you to first have "the conversation before the decision gets made," which "can make a huge difference" in your relationship, he writes in the New York Times Bucks...

Coming Soon: Drug to Treat Gambling Addicts?
Coming Soon: Drug to Treat Gambling Addicts?
new study
Feb 21, 2012 11:05 AM CST

Coming Soon: Drug to Treat Gambling Addicts?

New study discovers why some people may take financial risks

(Newser) - Why are some stock traders and gamblers so willing to take financial risks? A new study shares a possible answer: Scientists found that people with higher levels of the neurotransmitter norepinephrine in a critical part of the brain related to sensory and reward systems are less sensitive to the pain...

Get Fit, Financially Speaking, in 2010

A 12-month guide to taking control of your finances

(Newser) - If your New Year’s resolution is to take control of your finances, you’re in luck: Brett Arends provides a handy month-by-month guide in the Wall Street Journal :
  • January: Max out your 401(k) contributions if your budget can handle it, or at least hit the company match level. Ideally,
...

Jackson Finance Mess Will Take Years to Untangle

Singer left behind perplexing jumble of assets and debts

(Newser) - Michael Jackson's death has left Sony execs groaning over the jumbled state of the singer's finances, the New York Times reports. Jackson was a shrewd investor and negotiator but was prone to wild spending sprees, according to some of the many financial advisers he hired and fired. Sorting out the...

Money Woes Ground Spidey, Other Musicals

Stephen Sondheim revue stumbles before opening

(Newser) - Financial woes are forcing more musicals to face the music: Spider-Man’s Broadway appearance has been delayed until next January, while Stephen Sondheim’s latest couldn’t raise the cash for tryout performances, Bloomberg reports. Spidey’s show, with tunes by U2’s Bono and the Edge, costs a record...

Men With Long Ring Fingers Make $$$: Study

(Newser) - The length of a man's ring finger may predict his success as a financial trader, the AP reports. Researchers at the University of Cambridge in England report that men with longer ring fingers, compared to their index fingers, tended to be more successful in the frantic high-frequency trading in the...

Actually, You Can Buy Me Love
 Actually, You Can 
 Buy Me Love 
personal essay
Jan 12, 2009 5:53 PM CST

Actually, You Can Buy Me Love

New essay anthology explores love and personal finance

(Newser) - Freelance writer Marissa Belger married for love, relishing the warmth of her husband's clan and overlooking his lowly income—until he lost his job. In The Secret Currency of Love, a compilation of essays excerpted in Salon, Belger describes how her relationship to money surprised her. Adapting to poverty was...

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