Nearly 40% of Americans Now Hold a Passport

February 20, 2015 by

Americanswithvalidpassport

Passportsperyear

Since 1989, the percentage of Americans has increased from 3% to 38% today. In addition, around 14,000,000 passports were issued in 2014, compared to less than 4,000,000 in 1989.

–from dadaviz.com

Income Share of Top 1% by Geographic Region

February 4, 2015 by

Income share of top 1% by geographical location

According to Economic Policy Institute, the Northeastern United States holds the highest share of the top 1% income, followed by the West Coast. The Midwest holds the lowest share.

–Source The Economic Policy Institute

 

 

US Federal Investments as a Percentage of GDP is Lessening with Time

January 21, 2015 by

Federal Investment as a share of GDP

The US federal government’s investments as a percentage of GDP is decreasing over time. This decrease is observed for both Defense and Non-Defense related things like roads, education and R&D.

–Source: The New York Times

 

Western Middle Classes Have Stagnating Incomes Compared to Emerging Markets

January 5, 2015 by

This chart shows the growth of real income growth (y axis) against percentile of global income distribution. While the middle classes of emerging markets have seen enormous gains in the past generation, Western middle class incomes, including the US, have significantly stagnated in comparison.

–from the New York Times

Median American Household Lost 40% of Wealth since 2007

December 16, 2014 by

Americans have 40% less net worth than before the recession, dropping from a median $135,700 in 2007 to $81,400. White households lost 26% of their net worth. Black households fared much worse, with their median net worth dropping 43%, while the median Hispanic-American household’s worth dropped 42%.

–from MarketWatch.com

Arts Majors Face Increased Student Loan Burdens after College

November 26, 2014 by

Graduates across all majors have similar loan amounts after graduation  However, payment is a heavier burden for students who graduate with degrees in arts, sports, or humanities.  After graduation, salaries increase by an average of 65% in the first five years. However, non-career-oriented degrees start at much lower wages (x axis in the chart above) and thus pay a significantly higher percentage of their income in loan payments.

–from The Atlantic

Low Taxes in the US Causing Income Inequality to be High

November 21, 2014 by

The United States has the highest income inequality among comparable nations. The left-side graph depicts the US as having a favorable Gini coefficient (a measure of income inequality) without taxes. After taxes and government transfers are factored in, the US becomes highly unequal. One of the reasons for this trend is that, although the US uses progressive taxation, the tax rates are significantly lower than the international standard and social welfare programs are also much less generous.

–From The New York Times

Small Age Gap between Spouses Lowers Likelihood of Divorce

November 13, 2014 by

A study, published by The Atlantic, suggests that the larger the age gap between a person and their spouse, the higher the chances that the marriage will end in divorce.  As the figure suggests, if spouses have one year age gap they are 3% more likely to get divorced than individuals who are of the same age. If the age difference crosses twenty years, the couples are over 172% more likely to get divorced.

–From The Atlantic

New Home Value Indicies Show Owners Over-Value Homes during a Crisis

November 4, 2014 by

Quicken Loans released two new indices, the ‘Home Value Index’ and the ‘Home Price Index,’ as depicted in the graph above.  These indices reveal that homeowners overvalue their homes in times of economic crisis. This can be seen in the graph where home values are significantly overstated by homeowners during the 2008-09 financial crisis. The opposite effect is seen when the market is rebounding:  homeowners tend to undervalue their homes.

–From Quicken Loans Press Room

Young Amercians Want Taxes Spent on Education, Older Americans Want Social Security

October 29, 2014 by

Young Americans are very interested in educational spending compared to older Americans, at 24% and 5%, respectively. Job creation spending is of even, and high, interest across all working-age Americans.

–from RandalOlson.com


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