Born at the Right Place, Right Time

Washington — What are your odds of being a millionaire, do you think? One in 10? One in 50? One in 100? If you’re over 62, your odds of having at least $1 million in net wealth (your total assets minus your total debt) are relatively achievable — about 1 in 7. But if you are under 40, your odds are low: 1 in 55. In the last 25 years, the odds that an old person is a millionaire have improved slightly. But for young people, they have...

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Tips: Become Richer In Just One Year

Does it feel like it’s getting harder and harder to make it from one paycheck to the next? If so, you’re not alone. Nearly half of Americans are living without a savings safety net and wouldn’t be able to find the cash to cover a $400 emergency expense without selling something or borrowing money, according to a Federal Reserve report released in May. A separate report released in June by Capital One found that only 54 percent of...

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