money

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By Next Year, Richest 1% to Own More Than Other 99%

Oxfam calls for 7-point plan to address inequality

(Newser) - The rich really are getting richer—and by 2016, they'll own more than the rest of the world, says a research paper published by anti-poverty charity Oxfam. The paper shows that global wealth owned by the richest 1% jumped from 44% in 2009 to 48% in 2014, putting this... More »

Lottery Luck Strikes Twice for Maryland Truck Driver

39-year-old dad won $250K in 2005

(Newser) - A Maryland truck driver has won his second lottery in a decade. The 39-year-old—who has remained anonymous—claimed his $2.85 million Multi-Match winnings on Saturday, the Baltimore Sun reports. "It's great to be back," he said. The man apparently pops into stores along his route... More »

This New Year, Figure Out What You're Worth

Michelle Singletary: Your net worth might not be as great as you think it is

(Newser) - The economy is chugging right along , interest is cheap, jobs are there for the taking, and Americans ... have apparently learned nothing from 2008, because with a new year looming, a pair of surveys shows that only about one in three of us are setting financial objectives. And while losing 10... More »

Hong Kong Money Van Spills $4.5M

Police implore people who stopped to scoop up cash to return it

(Newser) - "They looked like schoolkids who knew they were being naughty" is how one witness described the scene on a Hong Kong roadway to the South China Morning Post . What those dozens of people were doing: scooping up cash scattered in the street after a security van transporting what may... More »

$100K Found at California Burger King

In a blue backpack, along with a few other items

(Newser) - It may be Thanksgiving week, but for a moment, Altaf Chaus also thought it might be his birthday. An employee at the Burger King he owns called him after finding a blue backpack left in a booth for hours. What happened next: "I open the zipper, I see lots... More »

Most Alaskans to Get $1.9K Just for Living There

This year's Alaska Permanent Fund dividend check is a good one

(Newser) - It's good to be an Alaskan: Gov. Sean Parnell yesterday announced residents will pocket $1,884 by way of this year's Alaska Permanent Fund dividend, the Alaska Dispatch reports. That's a nice bump from last year's $900 payout and the third largest since the payments from... More »

FEMA Wants Homeowners to Repay $5.8M in Sandy Aid

Overpayments likely a result of bureaucratic mistakes, not fraud

(Newser) - After Superstorm Sandy hit the East Coast nearly two years ago, the federal government quickly sent out $1.4 billion in emergency disaster aid to the hurricane's victims. Now, thousands of people might have to pay back their share. The Federal Emergency Management Agency is scrutinizing about 4,500... More »

Govt. to Family: 'Dead' Dad Actually Alive, So Pay Up

Donald Miller disappeared in 1980s, was declared dead, returned last year

(Newser) - Though very much alive, Donald Miller Jr. is still legally a dead man ... and yet now his daughters are being hit up for $47,000 in Social Security benefits they received as teens because of his death, the AP reports. It all started when Miller, a jobless alcoholic at the... More »

31% of Americans Have No Savings for Retirement

That includes 1 in 5 who are near retirement age

(Newser) - Here's a scary stat for you, spotted by the Washington Post : About 1 in 5 people nearing retirement have no money for retirement. It comes from a newly released survey by the Federal Reserve of about 4,100 Americans. In total, 31% had saved no money for retirement, though... More »

Single Mom Returns Wallet With $1K

Fargo woman said, 'God is really testing me today'

(Newser) - A single mother in Fargo says she hoped to set an example for her 7-year-old daughter when she returned a wallet containing $1,000 that the two found while running errands. Sadie Hill and her daughter, Adalee, found the wallet earlier this week in a parking lot. Hill said she... More »

Time for Women on US Paper Money?

Obama says it's a 'pretty good idea'

(Newser) - The days of American paper money being an all-boys club could be numbered. President Obama said yesterday that he had received a letter from a young girl wondering why there were no women on US bills, "and then she gave me a long list of possible women to put... More »

What Not to Wear to Your Bank Robbery

T-shirt with first name is not advisable; nor is driving your own car

(Newser) - It wasn’t too hard for police to make an arrest after a Wells Fargo bank robbery in Denver Tuesday. That’s because 68-year-old John David Martinez wore a T-shirt emblazoned with his first name and drove a getaway car registered in his own name, authorities tell ABC Denver . After... More »

Man Returns $125K So Grandkids Will Be Proud

Police officer says Joe Cornell is one in a million

(Newser) - Joe Cornell was volunteering on Tuesday at a Salvation Army in Fresno where he attends a rehab program when he noticed something a bit odd. A car had pulled up beside a Brinks truck that was stopped at a light and someone inside said something to its driver. Yet the... More »

Uproar Greets Newark Archbishop's Luxe Home

John Myers tacking 3K square feet onto already huge retirement home

(Newser) - It seems like a pretty sweet way to retire: living in a 7,500-square-foot mansion with two swimming pools. But when the soon-to-be retiree is Archbishop John J. Myers, and the construction bill tied to the 3,000-square-foot addition on his existing weekend home will be footed by the Archdiocese... More »

Clash Over $1.6B Could Sink Panama Canal Project

Neither builders nor Canal Authority want to give up the funds

(Newser) - An ambitious plan to expand the Panama Canal may soon run aground—two-thirds of the way into the project. The $3.2 billion undertaking is supposed to see a third set of locks installed in order to allow larger vessels to pass through the canal by mid-2015. But that price... More »

Found in Back of Vegas Cab: $300K in Cash

And cabbie turns it in

(Newser) - Las Vegas cab driver Gerardo Gamboa thought someone left a bag of chocolates in the back seat. But this stash turned out to be cold hard cash. The Las Vegas Review-Journal reports that Gamboa was making a pickup Monday at the Bellagio when a hotel doorman noticed the brown paper... More »

Some of the New $100 Bills Will Be Worth $1K—or More

All thanks to serial number-minded collectors

(Newser) - We are a couple of weeks away from getting our newly designed $100 bills , and when they arrive on October 8, some will actually be worth $1,000 ... or more. No, the government isn't slipping in an extra zero. But it is including, as always, an eight-digit serial number.... More »

OSU Football Players Handed Envelopes of Cash

Club bent rules, gave players bonuses up to 25K: Sports Illustrated

(Newser) - Oklahoma State University is in hot water, and the temperature may only rise. Sports Illustrated today ran part one of a five-part series on the Cowboys and "the measures that a program will take to become elite." The magazine's 10-month investigation saw it talk to 64 former... More »

We're Having Big Trouble Printing $100 Bills

30M of the bills didn't cut the mustard

(Newser) - The US is less than two months away from getting its new $100 bills —hopefully. The Oct. 8 release date is already more than two years behind schedule, a delay caused by production problems that apparently have not abated. Writing for the New Yorker , David Wolman reports that the... More »

72% of Millionaires Don't Think They're Rich

To those with millions to invest, wealth means financial freedom

(Newser) - Having millions of dollars to invest doesn't make you rich, at least according to those who have those millions. A study by investment firm UBS has found just 28% of people with between $1 million and $5 million in investable assets consider themselves wealthy, ABC News reports. While your... More »

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