Income
24 posts
In a compare-your-preconceptions-against-reality quiz, The Upshot asks, “Are you rich?” Enter your nearest metro area, income, and what you consider to be rich. See where you actually land. Tags: income, quiz, rich, Upshot
What percentage of households fall into lower-, middle-, and upper-income levels when you adjust for household size? Read More
The meaning of "middle-income" changes a lot depending on where you live and your household size. Read More
About 18 percent of couple households are single-income. I wanted to know what the earner in these homes usually do. Read More
Marta Murray-Close and Misty L. Heggeness for the Census Bureau compared income responses from the Current Population Survey against income tax reports. The former can be fudged, whereas the latter is accurate by law. The researchers found a statistical difference that suggests when a wife makes more than a husband, they report a lesser gap in the survey. This paper compares the earnings reported for husbands and wives in the...
Building on their previous visualization work on black boys dropping income levels in adulthood, The Upshot adds the option to change demographic groups. See income mobility for different races, genders, and income starting points. Tags: demographics, income, Upshot
Research by Raj Chetty, Nathaniel Hendren, Maggie Jones, and Sonya Porter from the Equality of Opportunity Project suggests that black boys who grow up in rich families are still much more likely to fall into lower income levels than white boys who grow up in equally rich families. The shift from low income to higher levels also appears to be a greater challenge, which makes closing the gap that much...
Years after a global crisis, the world’s largest economies are again growing, The New York Times reported over the weekend. Every major economy on earth is expanding at once, a synchronous wave of growth that is creating jobs, lifting fortunes and tempering fears of popular discontent. A tweet on the subject prompted a friend to respond with a question about whether income inequality has grown — and that in turn prompted...
Buying a house is often confusing and complex, compounded by a dollar sign followed by too many commas and zeros. So John Nelson broke it down to something more simple. How many annual salaries would it take to buy a house? He applied it to his own family situation and then expanded it to the country on a county level. Of course that’s not how mortgages actually work. It’s much...