Why $1 Million Aint’ What It Used To Be

Contributed by: Lewis J. Walker

Inflation does a number on your wealth. Time was that having $1 million meant you were rich. Lewis Walker, a financial planning and investment strategist at Capital Insight Group in Peachtree Corners, Ga., explains what you can do to combat a wealth shortfall:

A report from Boston Consulting Group focused on the growing global wealth gap. Worldwide roughly 18 million households control $1 million or more in wealth, representing the top 1% of the global population and holding 45% of the world’s $166.5 trillion in wealth. Read more...