By the end of next year, nearly 80% of the population will be aged 65 and older, the Bureau of Labor Statistics said Wednesday.It’s a startling statistic, given that more than a quarter of Americans are now older than 65, and about 60% of them will turn 65 this year.The average age of a retiree […]
The PNC wealth management empire has been a moneymaking machine since it began in the late 1990s.Its products have included investments in a number of U.S. banks and credit unions, and have expanded into the real estate, energy, and retail industries.The PNC is a global financial institution that specializes in wealth management.The company has over […]
My husband and I have been living off the proceeds of our investment and I’ve found it to be a very rewarding and fulfilling investment.The main reason is that it helps me achieve my objectives.I’m currently in my mid-30s, a couple of years out of university, and my financial situation has become a lot more […]
The top 10 percent of the global wealth distribution is worth $12.2 trillion, according to new research by the World Bank and the Institute for Economic Policy Research (IEPR), the world’s largest wealth-management organization.That’s more than twice the combined wealth of the bottom half of the world population and nearly one-third the global population.“The richest […]
The Elon Musk Foundation has pledged $50M to support the alleviation of hunger in the world.The money will be donated by the billionaire investor’s private foundation, according to the Washington Post.The $50m will be used to support food, shelter, nutrition, health care, education, transportation, disaster relief and emergency preparedness programs.The Foundation is a private non-profit […]
The most likely scenario is that Bill Gates will announce that he is willing to donate $1 billion to the United States military to assist the military with its war on ISIS, or else Trump will sign an order to open a military base in Qatar.That would not only put the United Kingdom and Saudi […]
We already know about a couple of the wealthiest people on the planet: Bill Gates and Warren Buffett.But who owns the third-largest fortune in America?We’re looking at a different question: Who’s responsible for the world’s largest fortune?As Forbes reports, the top 3% of Americans own about $20.6 trillion, or about $4,200 for every person in […]
The Vatican has warned that a “grave threat” of wealth creation is growing in the Church, as the Church celebrates its centenary.Pope Francis has repeatedly said that wealth is not a gift of God, but rather the product of the human condition, and that the Church has to be “open to the world”.Pope Benedict XVI […]
As wealth continues to increase, the gap between the top one percent and everyone else in society is growing.But how much is wealth really worth?We decided to take a closer look and find out.
Bill Gates says he’s willing to sacrifice a few hundred thousand dollars if it means that people like him can live longer and have more children.The billionaire philanthropist told the Associated Press that he’s not worried about the impact of the United States’ income tax system on his family.He said the country needs to move […]
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