Does happiness have a price? For a majority of Americans, the answer is yes — but it it doesn’t come cheap. About 6 in 10 of Americans believe money can buy happiness, according to a new poll from financial services firm Empower. Yet to achieve happiness through financial means, most people say they’d need a […]
Tag: wealth
How much money does it take to be ‘Rich’ in US?
Americans have a specific number in mind about how much it takes to be perceived as wealthy, and it’s a sizable chunk of change: an average of $2.2 million in assets. That may seem like a pie-in-the-sky number, especially given that the median net worth of the typical family stood at about $122,000 in 2019, […]
400 Wealthiest Families Only Paid 8.2% Tax Rate
The White House released an analysis on Thursday estimating that the 400 wealthiest American families paid an average federal income tax rate of only 8.2 percent on $1.8 trillion of income from 2010 to 2018. “Two factors that contribute to this low estimated tax rate include low tax rates on the capital gains and dividends […]