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The upper 7 per cent of U.S. households owned 63 per cent of the nation’s total household wealth in 2011, up from 56 per cent in 2009, according to a report from the Pew Research Center.The Canadian Press

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Confessions of a spoiled rich kid
He's the son of a Silicon Valley entrepreneur who was a generous father. Perhaps too generous, as you'll read here.

The 411 on index funds
A look at how index mutual funds and exchange-traded funds differ in the indexes they track, and the fees they charge.

How to talk like a real estate agent
Seven amusing tips for putting a positive spin on a property.

It's never too early to teach kids about money
All about helping your kids develop good money habits.

Also, check out my two new online magazines. Housing Heretic is a forum for critical thinking on the housing market, and genYmoney offers personal finance and investing tips for young adults.

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