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Stories Tagged as

Wealth

Explaining the racial gap in stock market investment

by David Brancaccio , Chris Farrell and Alex Schroeder
Oct 11, 2024
New research finds that inequities in unemployment risk can explain some of the racial gap in stock market investment.
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Inside the secretive world of offshore finance

by David Brancaccio and Erika Soderstrom
Sep 19, 2024
We dive into a financial system that's designed to protect the ultra wealthy.
Sociology professor, Brooke Harrington, reveals how the offshore financial system can weaken economies and democracy in her new book, “Offshore: Stealth Wealth and the New Colonialism.”
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As consumer sentiment survey is released, differences emerge at different wealth levels

by Mitchell Hartman
Apr 26, 2024
Inflation continues to be a key factor but richer folks have greater protection from its effects.
Wealthy and low-income households are not experiencing inflation the same way, says Kayla Bruun with Morning Consult.
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"Trading Places"

The nicer the car, the more likely the driver is to break the law

by David Brancaccio and Alex Schroeder
Dec 8, 2023
There's a whole body of research that draws a correlation between wealth and self-interested behavior. We take a closer look.
"At this point, we've got dozens of different studies looking at different facets of behavior that tell us that the more wealth you have, the less attentive to other people you become," says Paul Piff, a professor of psychological science at the University of California, Irvine.
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With rising elder care costs, the Great Wealth Transfer won't be so great

by Kai Ryssdal and Richard Cunningham
Nov 6, 2023
Older generations are spending down their nest eggs and leaving smaller inheritances to adult children, writer Annie Logue explains.
Many Americans, especially baby boomers, will have to spend much of their savings on health care as they age.
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Why "eat the rich" storylines are taking over TV and movies

by Kristin Schwab
Feb 15, 2023
Society's evolving views of the wealthy have brought dark humor to pop culture.
Jennifer Coolidge, seen here at "The White Lotus" season 2 premiere, became a fan favorite for her performance in the "eat-the-rich" series.
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Want to start a business? It helps to have rich parents

by Janet Nguyen
Jan 18, 2023
How heavily are the odds stacked against startups without the “massive leg up” of family wealth?
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How the world's richest people became much richer during the pandemic

by Samantha Fields
Jan 16, 2023
Two-thirds of the $42 trillion in new wealth went to the wealthiest 1%, says a new report from Oxfam. The group also says tax policy can change that.
Many of the big companies that made the most money early in the pandemic, like Amazon and Walmart, spent more on shareholders than raising workers' pay, says Molly Kinder of Brookings. Above, the interior of a Walmart.
Frederic J. Brown/AFP via Getty Images
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"Patriotic Millionaires" in the U.K. call for higher taxes … on themselves

by Stephen Beard
Apr 5, 2022
The group of wealthy individuals say they would be happy to pay a lot more in taxes to ease the burden on the poor and the middle classes.
As the United Kingdom grapples with high inflation, a group of millionaires is volunteering to take a bump in taxes.
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The sociology of sanctioning Russian oligarchs

by David Brancaccio and Rose Conlon
Mar 11, 2022
Sanctions represent an existential threat for Russia's elite, says sociologist Brooke Harrington.
The Eclipse, one of the yachts of Russian billionaire Roman Abramovitch, pictured in 2013, is reportedly worth $570 million.
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