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It's never been harder to build wealth. Blame high interest rates and the US housing market.
Business Insider via Yahoo Finance· 6 months agoThe housing market has been pushed out of reach for some Americans by sky-high mortgage rates.Getty...
The mortgage 'lock-in effect' could worsen wealth inequality and is likely to last for years to...
Business Insider via Yahoo Finance· 3 months agoIerbank/Getty Images High mortgage rates could end up freezing the housing market for a long time,...
Housing Market 2023: How ‘Nepo’ Homebuying Is Helping Gen Z and Millennials Build Wealth
GOBankingRates via Yahoo Finance· 9 months agoIt's no secret the current housing market is a difficult one for buyers. And for young buyers in...
Why most millionaires want a wealth tax: "There's a certain alarmism among the wealthy about Trump"
Salon via Yahoo News· 4 months agoFortune Global Forum - Day 3 Getty/Marc Piscotty/Nicolas Asfouri/Kimberly White Extreme wealth and...
How to invest like the 1%: 3 steps toward making your first million
Fortune via Yahoo Finance· 11 months agoIn 1989, the top 1% of households in the United States controlled a little less than 23% of the...
We finally have proof of the ‘rich-cession.’ The number of millionaires fell the most since the...
Fortune via Yahoo Finance· 10 months agoWe might be in a rich-cession after all. Last year marked the first time since the financial crisis...
Stocks have been a better investment than real estate since the 1950s — and it's one big reason for...
Business Insider via Yahoo Finance· 2 years agoStocks have appreciated five times more in value than real estate since the 1950s. That's created...
Welcome to the ‘nepo’ housing market: 40% of homebuyers under 30 get family money to cover their...
Fortune via AOL· 9 months agoThere’s this consensus that people who come from money are at an advantage, Redfin’s chief...
North America’s ranks of the ultrarich shrank 4% to $16.5 trillion amid 2022’s epic bear market—and...
Fortune via AOL· 9 months agoIt might seem, well, bit rich to say the world’s ultrawealthy had a tough time in 2022. Considering...
Posthaste: Wealth is no longer about rich versus poor, but homeowner versus renter
Financial Post via Yahoo Finance· 2 years agoGood morning! Homeownership, long considered the great wealth equalizer, might actually lead to...