We’re also following a WRAL Weather Alert Day for Sunday, when UNC’s chancellor takes over at Michigan State University and what's next for Klinger the horse retiring in North Carolina after a legendary career in the Army. Watch WRAL-TV at 5 p.m., and search for these and other stories on WRAL.com.

On WRAL at 5: 🍣 140 people sick after eating at a popular Raleigh restaurant 🍣 What may have been the cause

Our experts on parenting, frugal living and the best that the Triangle has to offer have scoured their sources and shopped the stores (and the internet) for the best suggestions for your holiday giving. No matter the age or interest, you'll find gift ideas here.

WRAL 2023 Holiday Gift Guide

Health care experts from the NC Navigator Consortium answered questions about who is eligible under Medicaid expansion, what it covers, how to apply and much more Tuesday afternoon.  

Medicaid and more: Navigators answer questions to get you the best health coverage

Medicaid call-in Dec. 5, 2023

All assets associated with the tag: wealth

Wealth Coverage

During a visit to a labor union in suburban Maryland on Feb. 15, President Joe Biden there were "about 720 billionaires" at the start of his administration. "Now we have about 1,000. You know what (the) average tax they pay is? About 3%."

Fact check: Biden says billionaires pay 'about 3%' in taxes

PolitiFact: False

A new report found that household wealth has plummeted globally in 2022, calling the change in wealth a 'tectonic shift.'

Report: U.S. household wealth undergoing 'tectonic shift' downwards

Stock markets having worst week since 2008 global financial crisis

A lot of household wealth disappeared in the first few months of the year.  How much?  Oh, half a trillion dollars, new Fed data shows.

Americans lost half a trillion dollars in wealth in early 2022

Fed keeps interest rates near zero, saying the recovery will depend on the pandemic

Known as the oligarchs, the 100 richest account for 35% of all the wealth in Russia. That's the biggest portion of a nation's wealth owned by 100 people of any country in the world.

<p>NEWS COVERAGE. YOU CAN COME HOME. &gt;&gt; THESE FOLKS REALLY GAIN THE SYSTEM. &gt;&gt; WRAL INVESTIGATES RUSSIA'S RICH OLIGARCHS, HOW THEY MADE THEIR BILLIONS AND TIES TO NORTH CAROLINA COMPANIES. THE 110 RICHEST PEOPLE IN RUSSIA OWN 35% OF THE ENTIRE COUNTRY'S WEALTH. &gt;&gt; I'M DAN HAGGERTY AND I'M LENA TILLETT WORLDWIDE BILLIONAIRES ONLY ACCOUNT FOR ONE TO 2% OF TOTAL WEALTH. RUSSIA'S RICHEST ARE COLLECTIVELY KNOWN AS OLIGARCHS AND WRAL'S. CULLEN BROWDER EXPLAINS WHO THEY ARE AND HOW MANY OF THEM ESSENTIALLY STOLE THEIR WAY TO THE TOP. &gt;&gt; WHAT THESE FOLKS TO REALLY GAIN THE SYSTEM. THESE FOLKS ARE THE OLIGARCHS. THE SYSTEM HELPED BUILD THE RUSSIAN ECONOMY FOLLOWING THE FALL OF THE SOVIET UNION WERE TALKING ABOUT PEOPLE WHO PROFITED ENORMOUSLY AND UNFAIRLY FROM THE RAPID AND TURBULENT PRIVATIZATION OF THE SOVIET ECONOMY. DO PROFESSOR DOCTOR SIMON MILES IS A COLD WAR EXPERT WITH THE SOVIET UNION COLLAPSED? THE GOVERNMENT SOLD PROFITABLE STATE-RUN COMPANIES IN ORIOL NATURAL GAS, TRANSPORTATION AND MORE MILES SAYS THE INITIAL IDEA DIDN'T GO AS PLANNED. LET'S GIVE EVERYONE A STAKE IN THE COUNTRY, RIGHT? LET'S MAKE IT REALLY EASY FOR RUSSIANS TO BECOME EQUITY OWNERS OF THESE MASSIVE FOR US. WHAT ACTUALLY HAPPENED WAS THAT VERY, VERY FEW PEOPLE ACQUIRED IN MORE OF US BY POLITICAL TIES LED TO CORRUPTION. &gt;&gt; PEOPLE FOUND WAYS IN ORDER SHOTS THE PROCESS OR ADJUST THE PRICE. THE GOVERNMENT UNDERVALUED COMPANIES THEN SOLD THEM AT AN EVEN BIGGER DISCOUNT. &gt;&gt; TO THOSE WHO MANIPULATED THE SYSTEM SOMETIMES BY FORCE. WE'VE GOT STORIES OF BRIBERY. WE'VE GOT STORIES OF KIDNAPPINGS AND YOU RAN SOMETHING BASICALLY FOR FOR &gt;&gt; THAT'S A REALLY CHEAP WAY TO ACQUIRE A LOT OF WEALTH. REALLY, REALLY QUICKLY. &gt;&gt; 30 YEARS AND APPROXIMATELY 420 BILLION DOLLARS RICHER. THE OLIGARCHS CONTINUE TO PAY OFF THEIR DEBT WITH LOYALTY TO RUSSIAN PRESIDENT VLADIMIR PUTIN. MILES SAYS THE WAR WITH UKRAINE AND ECONOMIC SANCTIONS, INCLUDING SEIZING THE OLIGARCHS, MONEY AND PROPERTY. OUR TESTING THAT LOYALTY IS GOING TO BE INTERESTING TO SEE WHAT &gt;&gt; THE LOOKS LIKE, RIGHT? BECAUSE THE ENTIRE RUSSIAN ECONOMY IS CHANGING. THE MOST NOTABLE CONNECTION BETWEEN OLIGARCHS IN NORTH CAROLINA TOOK PLACE ABOUT 5 YEARS AGO WHEN A RUSSIAN BILLIONAIRE BOUGHT AN OLD FACTORY OUTSIDE OF CHARLOTTE TO PRODUCE INDUSTRIAL-SIZED BATTERIES THAT BUSINESS WENT BANKRUPT SHORTLY</p>

WRAL Investigates how Russian oligarchs got their riches 

WASHINGTON -- In most years, the notion that Congress could pass a $1.2 trillion plan to fix the nation's bridges, highways, tunnels and rail lines without raising taxes would be a politician's dream, a vision of endless ribbon-cuttings with no angry cries of "tax and spend."

Bipartisan Infrastructure Talks Collide With Democrats' Goal to Tax the Rich

Progressive Propose Tripling Housing Commitment in Infrastructure Plan

Growing income inequality had been an issue in the United States for quite some time, but the pandemic and its economic fallout only exacerbated that issue in 2020.

Pandemic increases pace of worsening income and wealth inequality

How incom

PAIN FOR MANY FAMILIES. HELLO AND THANKS TO JOINING US. I'M GERALD OWENS. >> I'M MONICA LALIBERTE. DAVID AND DEBORAH HAVE THE DAY OFF. THE WIDENING GAP BETWEEN THOUGH AT THE TOP AND THE BOMB ARE BOTTOM OF THE ECONOMY WAS THE PROBLEM. >> THIS HAS WIDENED INCOME EQUALITY. >> Reporter: NC STATE ECONOMIST MIKE WALTEN SAYS MANY OF THOSE WHO HAVE DONE WELL CONTINUE COULD TO DO WELL WHILE STRUGGLES HAVE ONLY WORSENED FOR SO MANY OTHERS. >> I THINK WE'RE NOT GOING TO SEE THE RESTAURANT BUSINESS BACK TO WHERE IT WAS PREPANDEMIC BEING A LOT OF JOBS THERE LOST. >> Reporter: WORKERS WERE ALSO BADLY HIT IN OTHER SECTORS LIKE AIRLINES, HOTELS. AT THE SAME TIME, OTHER PLACES IN THE ECONOMY LIKE THE TECH INDUSTRY DID QUITE WELL. WALTEN SAYS EMPLOYMENT NUMBERS THERE ARE HIGHER THAN BEFORE THE PANDEMIC. AND IF YOU HAD MONEY TO INVEST IN THE STOCK MARKET, YOU MAY HAVE ALSO ENDED 2020 AS A WINNER. >> CLEARLY, OVER LAST COUPLE OF MONTHS, THE MARKET HAS BEEN LOOKING AHEAD AND SAYING WE SEE MUCH BRIGHTER DAYS AHEAD. THAT IS FUNDAMENTALLY WHY THE STOCK MARKET VALUES ARE UP. >> Reporter: ADAM OWENS, WRAL NEWS. >>> AND WALDEN SAYS THESE TWO VERY DIFFERENT EXPERIENCES IN THE ECONOMY ONLY MAKE INCOME EQUALITY WORSE. HE WORRIES SOME JOBS ON THE LOWER END OF THE STEAL WILL NOT

How income inequality worsened in 2020

Elon Musk just became the fourth-richest man in the world, according to Bloomberg. He's about to get a lot richer.

Elon Musk is now the fourth-richest person in the world. He's about to get even richer

Analysis: Eccentric, outspoken, brilliant - but has Elon Musk gone over the edge?

These 10 child actors have managed to pursue long-lasting and lucrative careers.

10 richest child stars of all time

With income inequality a persistent hot topic in the Democratic presidential primary, it's not surprising that a familiar meme is circulating on Facebook claiming that Congress is far richer than the public.

Fact check: How many millionaires are in Congress, compared to rest of US?

A Problem for Republicans Fighting to Keep California House Seats: Trump

WASHINGTON — Sen. Elizabeth Warren’s proposed wealth tax would slow the United States economy, reducing growth by nearly 0.2 percentage points a year over the course of a decade, an outside analysis of the plan estimates.

Warren Wealth Tax Could Slow Economy, Early Analysis Finds

Warren Singles Out Billionaires in New TV Ad

According to SmartAdvisor Match, not all places provide the same opportunities as others for building wealth.

Raleigh ranks in top-25 places to become wealthy

The force was with 'Star Wars' creator George Lucas as he topped the 'Forbes' list this year.

Wealth Coverage

Fact check: Biden says billionaires pay 'about 3%' in taxes

Report: U.S. household wealth undergoing 'tectonic shift' downwards

Americans lost half a trillion dollars in wealth in early 2022

WRAL Investigates how Russian oligarchs got their riches

Bipartisan Infrastructure Talks Collide With Democrats' Goal to Tax the Rich

Pandemic increases pace of worsening income and wealth inequality

How income inequality worsened in 2020

Elon Musk is now the fourth-richest person in the world. He's about to get even richer

10 richest child stars of all time

Fact check: How many millionaires are in Congress, compared to rest of US?

Warren Wealth Tax Could Slow Economy, Early Analysis Finds

Raleigh ranks in top-25 places to become wealthy

Raleigh ranks in top-25 places to become wealthy

2018 wealthiest celebrities include movie moguls, models