rich

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Rich People More Likely to Ignore You on Street

Study says the lower classes hold little 'motivational relevance' for the wealthy

(Newser) - No, you're not imagining it. Rich people really aren't interested in you. A new study found the wealthy spend less time looking at other people, probably because the lower classes hold less "motivational relevance" for them, meaning the hoi polloi aren't worthy of their attention, Live... More »

Trump's Butler Dishes on How the 'King' Lives

White baseball cap means good mood; red baseball cap means stay away

(Newser) - "You can always tell when the king is here," Anthony Senecal tells the New York Times . The king he's referring to: Donald Trump. Who Senecal is: Trump's longtime butler, who offers the paper fascinating insight into how the GOP front-runner lives at his Mar-A-Lago estate in... More »

Here Are the 5 Richest Millennials

Facebook's Mark Zuckerberg is the one who has the most to smile about

(Newser) - Members of Generation "Y Do We Always Get a Bad Rap?" (aka millennials) take great umbrage at being labeled unmotivated slackers, and Wealth-X's list of the 20 richest people under the age of 35 may help put that stereotype to rest. MarketWatch points out some of them share... More »

Report: Rich Americans Give Less to Charity

At least in terms of percentage of income

(Newser) - Around the Great Recession years, wealthy Americans are giving less of their income to charity while middle- and low-earners give more—and those who supported Mitt Romney for president give the most of all, the Christian Science Monitor reports. According to the Chronicle of Philanthropy , Americans who make over $200,... More »

21% of US Is Rich—at Some Point in Their Lives

Rich being defined as making $250K or more

(Newser) - It turns out 21% of working-age adults are rich for at least a year by the time they turn 60. That proportion has more than doubled since 1979, and it's an income group the AP calls America's fastest-growing, based on take-home pay. Made up largely of older professionals,... More »

Top 1% Took Record Share of US Income Last Year

Perhaps because they were cashing in stock ahead of new tax rules

(Newser) - The pay gap between the richest 1% and the rest of America widened to a record last year. The top 1% of earners collected 19.3% of household income in 2012, their largest share in Internal Revenue Service figures going back a century, according to an analysis of IRS figures... More »

The 12 Things Nearly All Americans Agree On

Surveys show most of us believe in God, are OK with birth control

(Newser) - What can nine out of 10 Americans agree on? Survey says: not much. That's partly because the big polls such as Pew, Gallup, and the General Social Survey are designed to explore differences, not to document what unites the United States. Still, a few questions discover 90% agreement, or... More »

The Schools Most Likely to Produce Rich People

US dominates the list

(Newser) - Most of the world's richest people have something in common: They went to school in the US. Wealth-X has compiled a report on which universities worldwide boast the most "ultra high net worth" alumni—defined here as those with $30 million or more—and US universities dominate the... More »

Americans on Hard-working Rich: Admirable, Greedy

Oh, and more intelligent and less honest: Pew Research Center poll

(Newser) - Good news for the 1%: A little more than 40% of Americans think you are more intelligent and more hardworking than the average Joe, according to a new Pew Research Center poll . And if you worked hard to get your money, then 92% of middle-class Americans would describe you as... More »

France's 75% Tax Could Push Rich Into Mass Exodus

Rich thinking of leaving if 75% tax rate is passed

(Newser) - France's new Socialist president wants to tax any income above €1 million ($1.24 million) per year at 75%—but if the plan is passed, France could see a mass exodus of its wealthiest residents. Rich residents are calling lawyers, asking if they should consider leaving the country... More »

Surprising Jobs That Earn 6 Figures

Elevator repairmen make the list

(Newser) - It's not just investment bankers, doctors, and the Waltons who earn sizable salaries. Forbes has compiled a list of 20 surprising occupations that pay out more than $100,000, at least for those in the top 10% of their professions. A sampling: More »

6 Walmart Heirs Worth Same as Bottom 41% of US

Their combined worth is $89.5 billion

(Newser) - Who has more money: the six heirs to the Walmart fortune or the bottom 41.5% of all American families put together? Trick question—they're about the same. The Economic Policy Institute calculates that in 2010, six members of the Walton family were together worth $89.5 billion. That... More »

What Hotels Give You for $1,000 a Night

Big room, brilliant view, fawning staff ... you name it

(Newser) - What's $1,000 a night, when you can keep out the riff-raff, eat high on the hog, and get tickets to American Idol? That's the thinking these days at smaller chi chi hotels, where ultra-luxurious grand-a-night rooms are becoming more common, the Wall Street Journal reports. So just... More »

Richest Counties in US

Suburbs of Washington, DC, lead the way

(Newser) - Forbes rounds up the richest counties in the US, with the DC suburbs in northern Virginia again dominating. The top five:
  1. Loudoun County, Virginia: $115,574 median household income
  2. Falls Church City, Virginia: $114,409
  3. Fairfax County, Virginia: $105,416
  4. Los Alamos County, New Mexico: $103,643
  5. Howard County,
... More »

Super-Nannies: Worth the Super Price Tag?

Adam Davidson probes elite world of New York nannies

(Newser) - Want an elite New York nanny? Adam Davidson considered hiring one until he saw the price tag: $180,000 a year plus Christmas bonus and a $3,000 apartment on Central Park West. "I should be her nanny," quips Davidson in the New York Times . So he probed... More »

Worst Liars and Cheaters: Rich People

And they'll cut you off in traffic, for that matter

(Newser) - You might think that people who are comparatively well off would be less likely to lie and cheat to make a buck, but you'd be wrong. A series of experiments from UC Berkeley doctoral student Paul Piff found that time and again upper-class people were willing to do shady... More »

11 Insanely Expensive Gift Ideas

A trip to outer space will run you only $200K

(Newser) - 'Tis the season for giving, and what better way to show your appreciation for someone then to bestow them with an absurdly lavish gift, presuming you are nestled high up into the 1%. Here are 11 of the most ludicrously expensive gift ideas, courtesy of Time :
  • Pacifier, $17,000:
... More »

Four in 10 Millionaires Don't Think They're Rich

Many say they'd need $7.5 million to feel really wealthy

(Newser) - Poor millionaires. Sure they have more money than around 98% of the population—but does that really make them rich? Around 42% of them don’t think so, and fret over their retirement savings, according to a new survey from Fidelity Investments. “They are still worried about outliving... More »

15 Signs You're Destined to Be Rich

Blond prom queens luck out

(Newser) - The Daily Beast has turned its list-making prowess to wealth, following up articles on how to know you'll get married ... or cheat ... with one that outlines 15 signs that you'll be rich. Cross your fingers, and read on:
  1. It's good to be good looking: Attractive men earn 9% more than
... More »

Rich People, Stop Whining and Dig Deeper

Michael Kinsley: Two professorial screeds are off-base

(Newser) - Two high-profile attacks on President Obama's plan to raise taxes on those making more than $250,000 are mostly bunk, writes Michael Kinsley. Both were written by rich professors, and the first is simply a "self-righteous screed" by someone whining about the hardships he'll face—such as having to... More »

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