Wealthy people have been driving an increasing share of consumer spending over the last year. That’s largely because asset values have been increasing, encouraging wealthy people to keep spending ...

Much has been written about the trap of lifestyle inflation, but a related pitfall that can be just as dangerous, yet easier to miss, can ensnare you at the moment you achieve financial stability.

When your home’s Zillow estimate climbs or your 401(k) balance hits new highs, it’s natural to feel richer — even if you haven’t sold a single asset. This psychological phenomenon, known as the ...

Had governments around the world not induced short, sharp recessions in the wake of the Covid-19 pandemic in early 2020, America might be celebrating the 15th anniversary of the longest economic ...

Proponents of an approach to monetary policy called nominal GDP level targeting argue such a policy rule would anchor nominal spending expectations and prevent deep recessions. Had the Fed adopted an ...

For many years, Federal Reserve Chairman Alan Greenspan and some other economists have argued that the soaring U.S. stock market -- icing on an already tasty cake -- was the reason American consumer ...

Skyrocketing salaries for top athletes and lucrative deals for college players have touched off a new gold rush among wealth management firms. Juan Soto's $765 million contract with the MLB's New York ...