1. 17 Jul


    “For the first time in recent history, the average Canadian is richer than the average American.”  Canadian households held a net worth of $363,202 in 2011, according to recently released data, while U.S. households had $319,970. Canada’s unemployment rate also ticked down to 7.2 percent, versus the stagnant 8.2 percent in the U.S. How did Canada come to beat the U.S. in wealth?

    “For the first time in recent history, the average Canadian is richer than the average American.” 

    Canadian households held a net worth of $363,202 in 2011, according to recently released data, while U.S. households had $319,970. Canada’s unemployment rate also ticked down to 7.2 percent, versus the stagnant 8.2 percent in the U.S. How did Canada come to beat the U.S. in wealth?

     

  2. 25 Jun


    The typical American woman spends about $100 per month on cosmetics. Now, Japanese beauty biz player Cle de Peau Beaute is graciously allowing her to spend a whole lot more. The company’s proposed new moisturizer, La Creme, will cost upwards of $13,000 for a 50-gram jar (less than 2 ounces). That’s five times more expensive than gold. The company is only producing three jars of the elite goo, which will come in handmade crystal-and-platinum containers and be hawked by actress Amanda Seyfried.  More items for those who have everything…

    The typical American woman spends about $100 per month on cosmetics. Now, Japanese beauty biz player Cle de Peau Beaute is graciously allowing her to spend a whole lot more.

    The company’s proposed new moisturizer, La Creme, will cost upwards of $13,000 for a 50-gram jar (less than 2 ounces). That’s five times more expensive than gold. The company is only producing three jars of the elite goo, which will come in handmade crystal-and-platinum containers and be hawked by actress Amanda Seyfried. 

    More items for those who have everything…

     

  3. 12 Jun


    BANKRUPT USAA numerical look at the average family’s financial struggles: $126,400 Net worth of the median American family in 2007 $77,300 Net worth of the median family in 2010 40 Percentage drop in wealth over that three-year period 15.2 Median percentage of debt that was education-related in 2007 19.2 Median percentage of education-related debt in 2010 7 Percentage of Americans late on their debt payments in 2007 11 Percentage late on payments in 2010 The dwindling wealth of the American family: By the numbers

    BANKRUPT USA
    A numerical look at the average family’s financial struggles:

    $126,400 
    Net worth of the median American family in 2007

    $77,300 
    Net worth of the median family in 2010

    40 
    Percentage drop in wealth over that three-year period

    15.2 
    Median percentage of debt that was education-related in 2007

    19.2 
    Median percentage of education-related debt in 2010

    7 
    Percentage of Americans late on their debt payments in 2007

    11 
    Percentage late on payments in 2010

    The dwindling wealth of the American family: By the numbers

    (Source: theweek.com)

     

  4. 12 Jun


    Who needs a spa vacation when your own abode comes equipped with a sauna, hot tub, and outdoor cabana?

    These six homes put many health retreats to shame

     

  5. 30 May


    Should rich kids be ineligible for college scholarships? This year, UCLA awarded Justin Combs, son of Sean “Diddy” Combs, with a full, $54,000 merit-based scholarship and a spot in the school’s storied football program based on his impressive high school achievements. Justin’s music mogul father was recently named the wealthiest man in hip-hop by Forbes. With California’s state schools facing deep cuts, UCLA’s decision to offer Justin a chunk of its scarce resources is being widely criticized. Should the Combs clan give back the money? Or should the size of Justin’s dad’s bank account even matter?

    Should rich kids be ineligible for college scholarships? This year, UCLA awarded Justin Combs, son of Sean “Diddy” Combs, with a full, $54,000 merit-based scholarship and a spot in the school’s storied football program based on his impressive high school achievements. Justin’s music mogul father was recently named the wealthiest man in hip-hop by Forbes. With California’s state schools facing deep cuts, UCLA’s decision to offer Justin a chunk of its scarce resources is being widely criticized.

    Should the Combs clan give back the money? Or should the size of Justin’s dad’s bank account even matter?

    (Source: theweek.com)

     

  6. 5 Dec


    For those who have everything: The world’s “blingiest cheese” — a Stilton infused with flecks of edible gold leaf.

    For those who have everything: The world’s “blingiest cheese” — a Stilton infused with flecks of edible gold leaf.

     

  7. 14 Mar



    Ever wondered how rich the members of Congress are?

    The freshman class alone is worth more than $500 million.

    The Center for Responsive Politics found that 60 percent of Senate freshmen and 40 percent of House freshmen were worth $1 million or more. The statistics prove that Congress is populated “overwhelmingly with millionaires and near-millionaires who often own multiple homes,” says Dan Eggen at The Washington Post.

    • $3.96 million
      Median estimated wealth of a Senate freshman
    • $570,418
      Median estimated wealth of a House freshman
    • $25,149
      Median estimated wealth of an American over the age of 18 (2005)

    Here, more numbers on the wealth sitting in our Congress.