Parents told BI that they're spending thousands to send their kids to camp or other summer care.
The Bridgewater Associates founder welcomed giving people some financial "wiggle room," but said no-strings cash payments may have negative outcomes.
Taxpayers can put homes in trusts for decades and not pay estate tax on property appreciation. Interest rate hikes mean more bang for their buck.
Starting this summer, Pomona, California will give 250 families with children with children under the age of 4 years $500 a month for 18 months.
With dynasty trusts, rich taxpayers can provide for 40 generations of heirs and shield assets from creditors and even their future heirs' ex-spouses.
Warren Buffett joked about his "love affair" with his home, called it his "third-best investment," and warned the wrong house can be a "nightmare."
Nothing is certain but death and taxes. But for America's wealthy, a savvy financial advisor can change how much you pay in estate tax and when.
Calling all bosses, colleagues, recruiters, and industry watchers to put forward the investors, traders, and dealmakers on their radars.
Andy Sieg took over Citi's ailing wealth unit in September with a turnaround plan. Since then, its leadership ranks have been a revolving door.
Here are 5 things to know about the private-equity recruiting process, from getting a job out of college to leading a portfolio company.
Thanks to a song in a viral TikTok video, finance bros have entered a period of resurgence — but it likely won't last forever.
Universal basic income is quickly gaining traction, with several trials and some famous proponents such as Elon Musk. Here's a closer look at UBI.
Baltimore gave low-income parents $1,000 a month for two years. Participants used the money for bills and housing.
A single mom who made $55,000 last year across three jobs says she can't pay the bills and doesn't qualify for many government-assistance programs.
Looking for a man in finance? Five women open up about what it's like, from difficulty scheduling dates to feeling proud of their ambition.
Other reasons that are driving people to move include wanting more space, being closer to family, and lowering costs, according to a survey.
Steve Ballmer went from being Bill Gates' assistant to his successor as Microsoft CEO, and now he's surpassed him in wealth for the first time.
Handing out cash with no strings attached discourages people from working and reaping the rewards of individual success, Dave Ramsey said.
Wealthy collectors want to make sure heirs or museums don't sell their art after they die. With the right lawyer, they can ensure their legacy.
Retirees explain what it's like to live on Social Security checks and no savings.