Wealth

Consumer spending has remained remarkably resilient in the face of persistent inflation — but that has come at a cost. To keep up with higher prices, Americans racked up more credit card debt than ever this year. Not only are balances higher, about half, or 47%, of cardholders are carrying debt from month to month, creating

Avoiding mistakes in business and life comes down a few simple things, according to billionaire investor Charlie Munger, who died last week at age 99: good financial habits, integrity and “avoiding toxic people and toxic activities.” Munger shared the advice during a Q&A session at Berkshire Hathaway’s annual shareholders meeting in May. An investing icon

High schools have been buzzing about financial education. The latest “report card” from the Center for Financial Literacy at Champlain College in Burlington, Vermont, shows seven states — Alabama, Iowa, Mississippi, Missouri, Tennessee, Utah and Virginia — made the top grade. They earned an “A” because in those states, high school graduates in the class

In this photo illustration, British billionaire Richard Branson is seen on a fragment of a Virgin Galactic Unity 22 Spaceflight Livestream Youtube video displayed on a smartphone with the Virgin Galactic logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Virgin Galactic shares plunged more than 14% in premarket trade on Monday, after

Charlie Munger, who died at age 99 last week, attributed his success and longevity at least partially to a single piece of advice: “Avoid crazy at all costs.” That’s what he told CNBC’s Becky Quick last month, in an interview meant to air on his 100th birthday in January. Munger was known as the longtime

Career changes can be hard, even for Bill Gates — who credits a simple, lifelong habit for his switch from a narrow-minded, decades-long focus on computers and software to international philanthropy. “I had a long period from about age 18 to 40 where I was very monomaniacal … Microsoft was everything,” Gates, 68, recently told

In the small town of Hinsdale, New Hampshire, people knew Geoffrey Holt as the unassuming caretaker of the mobile home park where he lived. What they didn’t know was that he was a multimillionaire — and he donated the entirety of his $3.8 million fortune to the 4,000-person community after he died at age 82

Michael Morrow Courtesy: Michael Morrow As Americans grapple with economic uncertainty, educators in Nashville, Tennessee, are preparing high school and middle school students with personal finance courses that many of their parents never had. Currently, 23 states, including Tennessee, guarantee at least one semester of personal finance before high school graduation, according to Next Gen Personal

For Charlie Munger, living in a relatively modest house wasn’t an accident — it was a conscious choice. Munger, the billionaire investor and longtime business partner to Warren Buffett, died on Tuesday at the age of 99. He’d previously filmed a wide-ranging interview with CNBC’s Becky Quick, which aired on Thursday evening, and discussed his

Vm | E+ | Getty Images In recent months, the world’s new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report. It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business.

In this article UBSG-CH Follow your favorite stocksCREATE FREE ACCOUNT Super yacht moored at South Dock, at the heart of Canary Wharf financial district on 7th February 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images A new wave of billionaires acquired more wealth through inheritance than entrepreneurship during the last

It’s official: Mark Cuban says he’s leaving ABC’s “Shark Tank” after more than a decade on the show. The billionaire entrepreneur and investor plans to move on after Season 16 ends in 2025, he told The Hollywood Reporter on Monday. “I just want to have a couple summers with my teens before they go off

Nashville is seeing an unprecedented surge in luxury hotels, with renowned brands such as the Four Seasons Hotel, the W Hotel and the Grand Hyatt opening their doors in Music City. More than 90 new hotels have been constructed in Nashville since 2013, contributing more than 14,000 rooms to the city’s accommodation offerings, according to

A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kanter | AFP | Getty Images Family offices now have more of their money invested in private markets than the public stock market — even as the market rallies — according to a new

In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Charlie Munger Lacy O’Toole | CNBC Billionaire Charlie Munger, the investing sage who made a fortune even before he became Warren Buffett’s right-hand man at Berkshire Hathaway, has died at age 99. Munger died Tuesday, according to a press release from Berkshire Hathaway. The conglomerate

Getty Images If you’re planning to donate to charity on Giving Tuesday, it can be tricky to claim a deduction on your taxes, experts say. Americans funneled an estimated $3.1 billion to their favorite organizations in 2022, a 15% increase from 2021, according to GivingTuesday. While tax breaks generally aren’t the main reason for giving,

Jagger Eaton is already an Olympic bronze medal winner, two-time world champion and five-time X Games medalist, and the 22-year-old pro skateboarder is also on his way to building his own financial foundation. Eaton tells CNBC Make It that his No. 1 savings goal at the moment is to buy more income property. “It’s not

At a time when many households feel financially strained, some say you can put a price on happiness. And that number is $1.2 million. According to Empower’s Financial Happiness report, 60% of Americans said money can buy happiness and achieving a certain net worth is key to contentment. With record high credit card debt, a declining personal

Start your engines. From Formula One races to the Summer Olympic Games, traveling to attend major sporting events is on the rise. Sports tourism, as it’s called, is one of the fastest-growing sectors in the travel industry, according to the United Nations World Tourism Organization.   The market is massive, and only stands to grow,

Ольга Носова | Istock | Getty Images If you’re retired and giving to charity this season, there’s a planning move that can reduce your 2023 taxes while donating to a worthy cause, experts say. The strategy, known as qualified charitable distributions, or QCDs, allows retirees to transfer money from an individual retirement account to an