Women already have more money than ever before—and they’ll soon step into even more financial power. They’re not only set to inherit $52 trillion by 2048 as major players in the $124 trillion Great Wealth Transfer, according to Cerulli Associates, but they’re also wielding growing financial mettle in rising to top-level roles. Wealth management professionals
WASHINGTON — The Social Security Administration projected Wednesday that the annual cost-of-living adjustment for older adults and people with disabilities will go up by 3.6% beginning in 2027, with some recipients complaining that is not enough to offset soaring prices. The adjustment translates to $75 extra per month for the 73 million people who receive
The landscape for money is shifting, and top executives say that the Great Wealth Transfer, the new generation of entrepreneurs, and veterans are paving the way. At Fortune’s 26th annual Most Powerful Women conference in Santa Barbara, Deloitte U.S. federal health sector leader Beth Meagher said that women are poised to play a huge role
Millionaire Timothy (or Tim) Armoo made his first fortune at 17, before he could even legally vote. He blew through every penny of it before he turned 19. “I made my first bit of money at 17—that was the first business that I meaningfully sold,” Armoo told Fortune. “And then I lost all that money
The average rate on a 30-year fixed-rate mortgage stood at 6.95% for the week ending Sept. 17, up from 6.76% a week earlier and 6.26% a year ago, according to Freddie Mac. With borrowing costs pushing back toward the psychologically fraught 7% mark, and a persistent shortage of homes compounding the squeeze, many Americans still
The entrepreneur behind TikTok and Douyin is now the richest person in Asia—and AI is helping fuel his rise to the top. Zhang Yiming, the founder of TikTok parent company ByteDance, has just overtaken Indian tycoon Gautam Adani as the richest person in Asia, according to Bloomberg, who currently boasts a net worth of $104.8
