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Content Tagged As wealth

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  • US household wealth reaches new high of $85.7 trillion

    September 18, 2015 12:40 PM

    WASHINGTON - Rising home values drove a modest increase in Americans' household wealth to a new high of $85.7 trillion in the April-June quarter. The Federal Reserve says Americans' stock portfolios climbed $61 billion in value, while housing wealth increased $499 billion. Americans also stepped up borrowing, a... more »
  • Lawmaker facing spending probe benefited from donor projects

    March 13, 2015 2:51 AM

    WASHINGTON, D.C. - An Associated Press review finds that Illinois congressman Aaron Schock has built his personal wealth off extensive business dealings with campaign contributors. The Republican has been under scrutiny for lavishly redecorating his Capitol Hill office and flying aboard private planes owned by donors. Campaign contributors built, financed... more »
  • Tom Benson got even richer

    March 2, 2015 10:33 PM

    BATON ROUGE - Tom Benson seems to have become even wealthier in the last few years. Monday, Forbes released its annual ranking of the richest people in the world. Benson was on it, of course, and is the lone representative from Louisiana. Benson, the owner of the New... more »
  • Study: Income inequality continues to grow in La.

    November 15, 2012 7:45 AM

    BATON ROUGE - A new study says the gap between Louisiana's rich and poor has grown wider over the last three decades, with the poverty-ridden state having among the highest rates of income inequality in the nation. The richest 5 percent of households in Louisiana have average incomes more... more »

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