According to a Harvard University study that came out this year, the fact that millionaires are saving their money creates debt for 90% of the population and lowers the interest rate. People complain of seeing celebrities spending their money on luxuries that the rest of the world could never afford. Many were outraged, for example, by David Geffen's post showing that he was going to spend his quarantine on a yacht.

The term “affluenza”—a portmanteau of affluence and influenza, defined as a “painful, contagious, socially transmitted condition of overload, debt, anxiety, and waste, resulting from the dogged pursuit of more”—is often dismissed as a silly buzzword created to express our cultural disdain for consumerism. Though often used in jest, the term may contain more truth than many of us would like to think.

The 10 richest dynasties, such as those behind Walmart and Mars, grew their net worth by $136bn during the pandemic, report finds

As the US keeps printing money, financial heavyweights are collectively shaking their heads and implying that trouble looms for investors.

“Employers are becoming much more cognizant that yes, it’s about money, but also about quality of life.”

Shared ownership means Australian industries are far more concentrated than traditional metrics suggest.

The chaos that the coronavirus pandemic unleashed on America's economy turned out to be a major boon for Wall Street traders, according to new data from the New York state comptroller's office.

Kylie Jenner has spoken out publicly following criticism of her support for a GoFundMe effort for a makeup artist. Jenner recently shared an Instagram story seeking prayers for makeup artist Samuel Rauda and directing her 222 million followers to a GoFundMe started to help pay his medical bills. According to the GoFundMe, Rauda was in an accident and "underwent major surgery on Sunday, 3/14/21." No details about the accident were offered.

Your money mindset is what affects your views and decisions with money. Yet changing the way you think about money can also be difficult.

For the past year, across the globe, central banks have acted in unison, throwing everything at their disposal at an unseen enemy in a desperate effort to stave off the most serious economic collapse in more than a century. Suddenly, they've been left bruised and bloodied, writes Ian Verrender.

The recent volatility in the price of GameStop and other stocks has been characterized—rightly or wrongly—as an unprecedented populist revolt by small-time traders against big hedge funds. While the offensive by users of the Reddit forum WallStreetBets against the short positions of institutional traders made for a dramatic two weeks on Wall Street, the episode wasn’t the first, or even the most remarkable, David vs. Goliath battle to animate the stock exchange.

German psychologist, social theorist and philosopher Erich Fromm once said, “Not he who has much is rich, but he who gives much.” Fromm, famous for running away from Nazi Germany and his work with critical theory, is a celebrated figure. But recently, German researchers Armin Falk and Thomas Graeber, took his quote to task, in a study titled, “Delayed negative effects of prosocial spending on happiness.”

A $40,000 a year salary might categorize you in the lower-middle class, but it can be plenty of money if you manage your money properly.

Did you know there are ways to get free money? Here are the easy and legit options to make some extra cash without doing any hard work.

One reason why the steel magnate spent much of his fortune building libraries is that he saw handing large fortunes to the next generation as a waste of money.

Looking for valuable personal finance statistics? You’ll find the most eye-popping stats that relate to debt, budgeting, and saving money.

FU money has the power to change your financial health and remove unwanted stress. Here's what it is and how much money you will need.

As Mitt Romney has faced questions about his investments and tax returns, the likely Republican presidential nominee has responded with two words of explanation: blind trust. Romney keeps most of his wealth in a blind trust designed to prevent him from knowing exactly where his money is and what it's doing. It's a long tradition for presidents and candidates, though anyone can set one up if he wants to.

Picture this: You are the ultimate Apple fan. You've got an unlimited budget. And you want all of the things: top-of-the-line devices, fancy accessories and services. You may not need that high-end graphics chip or added storage, but they're there, right? Times are tough, and Apple (AAPL) has been trying to position itself a more financially accessible brand, releasing the budget iPhone SE earlier this year.

Are you going to be buying your first home? Jumping into the real estate market for the first time can be both exciting and worrisome at the same time. Getting a mortgage can be scary for some, especially when thinking about all of the financial responsibility that comes with homeownership.