Making a million in America
It takes the average American household about 25 years to earn a million dollars—the fastest rate of any country. In Mexico and Romania, by contrast, the average family would take more than three centuries to rack up $1 million in pretax earnings.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Consumers shun cheaper phones
Global sales of mobile phones fell last year for the first time since 2009, as consumers shunned cheaper phones with limited features. Meanwhile, sales of more sophisticated smartphones, a sector dominated by Samsung and Apple, are rising, and are expected to make up more than half the mobile phone market for the first time this year.
Reuters.com
Japanese Lexus voted most dependable
Domestic automakers are closing the gap, but Japanese Lexus still makes the most dependable cars, according to a new survey by J.D. Power and Associates. Porsche took second place, and Lincoln and Toyota tied for third. The least dependable brands? Jeep, Mitsubishi, Dodge, and Land Rover.
CNNMoney.com
Amazon voted most reputable
A new survey found that Amazon is America’s “most reputable” company, just edging out last year’s winner, Apple. The “least reputable” list included oil giants Exxon-Mobil and BP; big banks like Goldman Sachs, Bank of America, and Citigroup; and bailed-out insurer AIG.
Slate.com
Time Warner talks to Meredith Corp.
Time Warner may part ways with much of its magazine arm, Time Inc. The company is reportedly in talks with Des Moines–based Meredith Corp. over the sale of People and other titles. Sources say it would retain ownership of Time, Fortune, and Sports Illustrated.
Reuters.com
-
West End Girl: a ‘tremendously touching’ break-up albumThe Week Recommends Lily Allen’s unfiltered new work is ‘littered with relatable moments’
-
Are car headlights are too bright?The Explainer 82% of UK drivers concerned about being ‘dazzled’ as LED bulbs become more common
-
What you need to know about last-minute travelThe Week Recommends You can book an awesome trip with a moment’s notice
-
Millions turn out for anti-Trump ‘No Kings’ ralliesSpeed Read An estimated 7 million people participated, 2 million more than at the first ‘No Kings’ protest in June
-
Ghislaine Maxwell: angling for a Trump pardonTalking Point Convicted sex trafficker's testimony could shed new light on president's links to Jeffrey Epstein
-
The last words and final moments of 40 presidentsThe Explainer Some are eloquent quotes worthy of the holders of the highest office in the nation, and others... aren't
-
The JFK files: the truth at last?In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
-
'Seriously, not literally': how should the world take Donald Trump?Today's big question White House rhetoric and reality look likely to become increasingly blurred
-
Will Trump's 'madman' strategy pay off?Today's Big Question Incoming US president likes to seem unpredictable but, this time round, world leaders could be wise to his playbook
-
Democrats vs. Republicans: who are US billionaires backing?The Explainer Younger tech titans join 'boys' club throwing money and support' behind President Trump, while older plutocrats quietly rebuke new administration
-
US election: where things stand with one week to goThe Explainer Harris' lead in the polls has been narrowing in Trump's favour, but her campaign remains 'cautiously optimistic'
