3:00 pm, December 16th | by Sarah Devlin
Sure, it would be nice to have a big financial windfall — but what happens if you don’t have the skills to manage it? This is often the case for musicians, athletes and even lottery winners, who get big paydays that quickly dwindle thanks to poor money management, overspending or just old fashioned stupidity. This video from MBA Online details the sad trajectory of some of these millionaires. What do you think? Do you agree with their argument for why millionaires go broke?
10:25 am, June 2nd | by Lilly ODonnell
Apparently millionaires are middle class now, according to Minority Leader Nancy Pelosi (D-Calif.). Which I guess means that those of us who were previously hanging on for dear life to the bottom rungs of the middle class can just give up and start referring to ourselves as paupers.