Page 20 - Hillary Hoffower News Today

Americans now believe it takes $1.9 million to be considered wealthy, according to a Charles Schwab report. In 2020, it was $2.6 million.

The declining American birth rate could actually be good for the economy Boston Globe / Contributor/Getty Images New CDC data found the US birth rate fell by 4% in 2020, the sharpest decline in nearly 50 years. Experts are worried this is a crisis, but its not necessarily bad news. Its a sign of progress for women and  could also be part of a reshaped, better economy. Earlier this month, the Centers for Disease Control and Prevention (CDC) dropped a new report th...

Sarah Stier/Getty Images They associate wealth with success and happiness, compared to boomers view of it as independence. Millennials are also most likely to say the pandemic altered how they plan to use their wealth. Wealth no longer means what it used to for high-net-worth millennials. The pandemic has caused the wealthy to alter their lifestyles and reassess their priorities, changing how they perceive wealth in the process, a new report by Boston Private found...

First 2020 brought a housing boom, and now 2021 is bringing a home-renovation boom. First-time buyers are more likely to buy fixer-uppers but older homeowners are the ones really spending on DIY. Its yet another chapter in generational inequality, and another way homeownership is less affordable for millennials. The other side of the housing boom is here: home-renovation projects. As Americans were left with more time on their hands and more time in their houses, they began fulfilling their wil...

Housing supply is currently at its lowest level since the 1970s. Goldman Sachs said the shortage could last for years due to millennial homebuying and fewer starts. There also wont be enough foreclosures to make a meaningful impact on the market, the bank says.  Supply for homes cant keep up with demand. At a point when the country badly needs more houses, housing starts fell 9.5% in April, and Goldman Sachs doesnt see the cavalry arriving soon. A May 2 note from Goldmans Ronnie Walker found t...

Disappointing housing starts in April signals builders arent rising to the historic US housing shortage. Huge demand and chronic underbuilding drove supply to record lows and sent prices soaring in recent months. If contractors dont address the nationwide shortage, first-time buyers could be priced out of the market. The assignment was a gimme. With house supply near record lows, demand strong, and prices surging to record highs, contractors simply needed to build more. Data out Tuesday suggest...

Melinda Gates, and the Awards Obtained for Her Life Dedicated to Philanthropy Published: - May 17, 2021 Bill and Melinda Gates divorce has been a big controversy, what the distribution of their assets and money will be like. The Woman Post | Carlex Araujo Listen to this article Your browser does not support the audio tag. Microsofts co-founders estate is $130.5 billion, a figure that makes him the fourth richest person in the world, according to Hillary Hoffower of the Business In...

Justin Lambert/Getty Images Buying old homes and renovating them has made homeownership more attainable for the generation. But BofA Research data reveals many are taking out loans for home improvement projects. As prices for homes reach record-highs, millennials are turning to fixer-uppers as a more affordable solution. More than three-quarters (82%) said in Bank of America Researchs sixth annual millennial home improvement survey that theyre more likely to buy a ...

America is on the verge of an economic boom, but consumers need to spend to glow up the economy. Rising prices, or inflation, could hold that back.

Under Bidens plan, the top 1% of Americans would pay an extra $100,000 in taxes every year insider@insider.com (Juliana Kaplan) © REUTERS/Mike Segar/File Photo/File President Joe Biden and First Lady Jill Biden. REUTERS/Mike Segar/File Photo/File Biden wants to increase taxes on the highest-earning Americans to offset his spending plans. His proposed increases would basically only impact the top of 1% of Americans, according to a report. Bidens tax proposals arent final, and ...