I regularly hear people make assumptions about wealth and income. I encourage my readers to take a look at a powerful tool provided by the New York Times that allows you to input an annual household income figure then see how that amount ranks compared to those in one or more of 344 different zones or areas across the country. So What? I entered several figures and found both how that income level compares to others in the nation and in my local area. Here are a few Read More …
household income
Economic Well Being: A Generational Concern (#0545)
The Pew Research Center recently published an article exploring the increasing gap in economic well-being between the young (those households headed by someone under age 35) and the old (those households headed by someone over age 65) during the last twenty-five years. The data shows the following shifts: Median net worth grew by 42% for the older cohort while falling by 68% for the younger cohort Median adjusted household income grew by 109% for the older cohort while rising by only Read More …