BofA’s 2024 Study of Wealthy Americans surveyed more than 1,000 people who had at least $3 million in household investable assets, and found that 72% of those aged 43 and younger were “skeptical” about solely investing in traditional assets. Conversely, just 28% of those aged 44 and above were cautious about holding all of their
ERIK S LESSER / EPA-EFE / Shutterstock.com Many millennials are closely following the presidential race between President Joe Biden and former President Donald Trump. After all, the winner and his policies will have a major impact on millennials and their financial futures. Learn About: 5 Changes That Could Be Coming for the Middle Class If
At a time when every financial decision counts, many small to medium-sized businesses (SMBs) can at least take some comfort knowing there are a wide variety of borrowing tools available if needed. Today’s entrepreneurs can choose from reward-earning credit cards; merchant loans; bank loans; buy now, pay later (BNPL) products; lines of credit and more.
Canadian Prime Minister Justin Trudeau ’s government announced Tuesday it is imposing higher taxes on the wealthiest Canadians as part of the federal budget. The budget proposes to increase the capital gains inclusion rate, which refers to the taxable share of profit made on the sale of assets. The taxable portion of capital gains above $250,000 Canadian
With younger generations getting more of their day-to-day needs met via direct-to-consumer (D2C) subscriptions, investors are backing eCommerce wine platforms by the millions. Most recently, brand acquisition firm Full Glass Wine Co., which focuses on the D2C wine category, announced that it raised $14 million in its Series A funding round and that it has acquired wine subscription
Crunching the numbers to excel in the purchase market “Currently, we have 50 million people in this country between 30 and 40,” Fratantoni said. “We generate about a million and a half households a year. By comparison, from 2000 to 2015, it was closer to a million a year. So we’re generating 50% more households
As the year draws to an end, it’s essential to assess our financial situation, focusing on debt, which can pose a significant challenge, especially for individuals with fixed incomes. A considerable segment of the populace, particularly those with a fixed income, inevitably faces debt. However, indulging in irresponsible borrowing can result in complications. Numerous individuals