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Only a small percentage of billionaires inherit their wealth. Later in this email, find out who represents a growing share of billionaires. |
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💵 Today’s Top Stories |
| | Costco and Best Buy are known for Christmas sales. But tools, tires, travel and a host of other deals and discounts make this the best shopping season of the year. Read more. |
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| | Skip the Costco membership and still get the deals. Yes, it’s still possible even after the recent crackdowns on sharing membership cards. Here’s how. Read more. |
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| | If you want the best interest rates, you may need to improve your “good” credit score. We talked to credit experts to find out how. Read more. |
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| | Love shopping on Amazon? We have some good news for you — but the offer ends soon. Here’s everything you need to know! Read more. |
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| | Got a smartwatch or thinking of getting one? You can save the most money by opting for one that connects to your phone via Bluetooth, but if you want a plan that works without your phone these are our favorites. Read more. |
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🏠️ Today’s Current Mortgage Rates |
According to Freddie Mac, 30-year mortgage rates are 6.81% and 15-year rates are 6.10% as of November 27, 2024. The following chart shows the 30-year mortgage rate trend over the last year. |
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Refi Info | Mortgage Refi Calculator |
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👩 Women Represent a Growing Share of Billionaires |
Women gradually have gained a larger share of the world’s billionaires. Now, 431 women – 13% of the total – claim billionaire status. |
According to the Altrata Billionaire Census, “growth in female entrepreneurship, slowly changing cultural attitudes, and the rising frequency of substantial inter-generational wealth transfers” are driving the shift. |
Interestingly, there’s a term for the No. 1 reason: the Great Wealth Transfer. Women are expected to inherit up to $30 trillion in the next 10 years. About 75% of the current female billionaires inherited some of their wealth, including 38% who inherited “all” of it. That includes Alice Walton ($104 billion). |
Only 5% of male billionaires inherited their wealth. |
However they came upon their money, female billionaires prioritize charities and social causes a lot more than male billionaires. |
Almost 20% of female billionaires spend the majority of their work time on nonprofits vs. just 5% of male billionaires |
Females also hold more wealth in cash and private holdings, while males invest far more in equities (40% vs. 22%). |
“Female billionaires are far more likely to own luxury real estate and art. … Billionaire men, on the other hand, are more likely to enjoy their toys, such as private jets, yachts and pricey cars,” CNBC reported. |
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📊 Stat of the Day |
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💰️ Deal Alert: Today’s Top Deals |
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🎙️ Podcast |
| BEST OF: Secret to Dealing With Medical Bills & Why You Should Always Appeal Insurance Denials |
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In this episode, Clark shares how asking for discounts on medical bills can lead to savings and outlines strategies for success. He also discusses appealing denied auto and health insurance claims, introducing a new tool to help you navigate the appeals process effectively. |
Note: This episode features content that previously aired and has been thoughtfully edited together to explore a similar topic. |
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☎️ Need Money Help? |
The Team Clark Consumer Action Center is a free helpline that can help you navigate your money questions. Call 636-492-5275. Visit clark.com/cac for more information. |
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