Connect with us

Hi, what are you looking for?


Ways To Increase Your Wealth When Your Income Is Flat

By Carl Richards, The New York Times

Income inequality can arise from a number of things, like gender, race, social class and education. We know it’s an issue. But the most recent recession revealed what may be an even bigger problem: wealth inequality.

When we talk about wealth, we’re referring to everything you can claim as an asset, including savings accounts, your home and all your investments. With wealth, we can gain access to better financial opportunities. It can mean having money to invest when stock prices are low, as they were in 2009. It can also qualify us for more favorable loan rates or allow us to avoid borrowing altogether because we have enough savings to cover large expenses.

Read more over at The New York Times.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


What is the gap between culture and technology? According to Damas, entertainers have passions that brands and companies may not be aware of, and...


And the winner is (drumroll please): Holland, Michigan! Never heard of it? Well, it’s a four-hour drive from Milwaukee, and it is populated by...

2016 president election

In a political climate dominated by a two-party system, Libertarians are constantly confused as off-brand Republicans. Although the two groups sometimes align on issues,...

Personal Finance

Millennials’ love of pets is so strong that it’s affecting their housing decisions. Young Americans are less likely to be parents, own a house...

Copyright © 2020 GenBiz.