The Market Now

The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

Photographer: Chris Rank/ Bloomberg

The net worth cul-de-sac: Buy a house and pay down the mortgage is the typical American's investing plan.

U.S. Wealth Hits a Record, Typical Savings Plan Is Still ‘Buy a House’

U.S. household net worth climbed by $3 trillion to surpass $80 trillion in the latest data. It’s a number so dumbfoundingly big it invites Americans to celebrate just what a rich country we are. It shouldn’t.

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Credit Suisse executives at Senate hearing on offshore tax evasion.

Michael Reynolds/EPA

Credit Suisse executives at Senate hearing on offshore tax evasion.

The Chump’s Guide to Tax Evasion

Much of the Senate's report on Credit Suisse wasn't news: We already knew the company helped thousands of Americans evade taxes. Most surprising here is that the typical secret Swiss bank accounts turns out to be surprisingly small.

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Barack Obama at Buck's restaurant in Greenville, Mississippi as a candidate in 2008.

Photographer: Emmanuel Dunand/AFP via Getty Images

Barack Obama at Buck's restaurant in Greenville, Mississippi as a candidate in 2008.

Race, the Great Unmentionable

Even when unmentioned, race lurks in the background of almost every discussion of economic advancement. In the 20 most heavily African-American towns in the South it remains harder to rise out of poverty than in just about every U.S....

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Universities' ivy-covered walls don't offer much protection from the pressures of the global economy.

Photographer: Barry Winiker/Getty Images

Universities' ivy-covered walls don't offer much protection from the pressures of the global economy.

Advanced Degrees Won’t Keep Your Pay From Falling

A common bromide about today's economy is that it rewards those with educational credentials, while pummeling folks without degrees. Cue the usual tropes of the once high-paying factory jobs that have disappeared. Now look at the chart here.

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