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by Alexander Cain Under Obama’s tax plan, couples making more than $250,000 and individuals making more than $200,000 a year are considered to be in the highest income bracket. This group makes up just 2.5% of the American population, but many within this small population don’t consider themselves well off. It leaves many people wondering […]
(Washington Post) — The crockpot was stuffed with turkey wings, green peppers and rice. The aromatic stew sat on a table in Keyona Sills’s kitchen, gurgling and ready for her two children, her mother, her brother and a family friend who had just walked in the door.”You cook tonight?” asked the family friend. Sills nodded. […]
(Washington Post) — The Washington region ranks first among the country’s 10 largest metropolitan areas on an index that measures life expectancy, education and income, according to a report to be released Wednesday. The region’s top score is driven in large part by the high education and income levels of whites and Asian Americans living […]
(Washington Post) — Part-time workers in the Washington region suffered some of the worst pay losses in the nation during the recession, even as full-time employees held their ground. Median income for part-timers was down by double digits in every jurisdiction in the region between 2007 and 2009, according to a Post analysis of recently […]
(Atlanta Business Chronicle) — Atlanta had the weakest long-term income growth of any U.S. metropolitan area, according to Portfolio.com. The sister publication of Atlanta Business Chronicle looked at the nation’s top 100 metropolitan areas, analyzed 25 years of federal income data to calculate how income level growth compared across the nation. Atlanta finished dead last in six […]
(Washington Business Journal) — Personal income growth in Maryland, Virginia and the District lagged the national average in the second quarter, according to statistics from the U.S. Bureau of Economic Analysis. Total personal income in Maryland in the second quarter was $281.8 million, up 0.9 percent from the first quarter and up 2.2 percent from […]
(WSJ) — Two academics analyzing a massive survey of U.S. public opinion on money and happiness found a magic number. Earning more money increases a person’s day-to-day contentment, they determined — until your salary hits $75,000. After that point, as Robert Frank explains on WSJ’s Wealth Blog, additional earnings don’t increase a person’s contentment. (The study […]
(Businessweek) — With the latest spike in volatility in the stock market, investors are getting increasingly anxious about where to go for predictable but still attractive returns on investment.With yields on U.S.Treasuries and agency bonds near all-time lows, income investors will have to look elsewhere. Read More…