Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: wealth Clear Filter

Financial services firm Wealthsimple discloses data breach

Wealthsimple, a leading Canadian online investment management service, has disclosed a data breach after attackers stole the personal data of an undisclosed number of customers in a recent incident. Founded in 2014 and headquartered in Toronto, the financial services firm holds over CAD$84.5 billion in assets (approximately $61 billion). It offers a wide range of financial products targeting investments, trading, cryptocurrency, tax filing, spending, and savings to over 3 million Canadians. We

The Extraordinary Rise in the Wealth of Older American Households

There has been a seismic shift in age-wealth profiles in the U.S. over years 1983 to 2022. The most notable is the sharp rise in the relative household wealth of age group 75 and over. Correspondingly, the relative wealth holdings of all other age groups dropped over these years. Using the Survey of Consumer Finances, the paper focuses on the youngest age group, 35 and under, and the oldest age group, 75 and over, and analyzes the factors behind these relative shifts in wealth. I find that the t