Income
40 posts
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...
Compare incomes for young people from the Millennial generation and the baby boomer generation. Read More
A hundred bucks in one state doesn’t always get you the same thing in another. Using calculations by the Bureau of Economic Analysis, here’s a state map from The New York Times that shows the relative purchasing power in each state. To better understand, imagine a store offering a range of goods and services, each for sale at the national-average price for that particular item. Now, imagine a shopping cart...
We know that income increased by a lot in 2015, but for who? If it’s just the rich getting richer, then the rise doesn’t mean much for a lot of people, but as Quoctrung Bui for the Upshot points out, this was not the case. Real median incomes rose 5.2 percent in 2015 — phenomenal growth by economic standards. And 3.5 million people moved out of poverty. But more important,...