Because the news should be objective, clear, and data-driven.
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%.
Tags: America, Inequality, wealth Posted in Inequality, investments, US Macro | Leave a Comment »
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
Tags: college, student loans, university Posted in Education, Inequality | Leave a Comment »
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
Tags: Economy, income inequality, income redistribution, taxes Posted in Economy, Global - Socioeconomic, Inequality, Social | 1 Comment »
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
Tags: demographics, marriage, social trends Posted in Demographics, Social | Leave a Comment »
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
Tags: Economy, housing Posted in Economy, Housing | Leave a Comment »
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.
Tags: education, social security, taxes Posted in Demographics | 2 Comments »
Upending the conventional wisdom on ticket buying, Sunday is now the cheapest day to purchase plane tickets, with an average of $432, compared to Tuesday’s $497. Tuesdays still have the most frequent price drops, although their average is higher.
–from The Wall Street Journal
Tags: airplanes, flights, flying, travel Posted in Data | Leave a Comment »
Wealthy high school graduates make similar incomes to poor college graduates. Nearly the same amount of rich dropouts stay in the top income quintile as poor graduates stay in the bottom (14% vs. 16%). Cumulative advantage (or disadvantage) is still noticeably present for the wealthy, even those who academically strive the least.
–from The Washington Post
Tags: education, Inequality, poverty, wealth Posted in Data, Inequality | Leave a Comment »
These circles represent the major causes of death in England with the circle size corresponding to the number of people. Click through for an interactive version.
–from the UK’s National Health Service
Tags: accidents, cancer, causes of death, death, England, Obesity, smoking, UK Posted in Health | Leave a Comment »
When being fed the same diet, today’s chickens grow to over 4,000 grams, compared to 905 grams for a chicken common to the 1950’s. This is highly correlated to an increase in chicken consumption over the same period, which became more popular than pork in the 1990’s and is nearly as popular as beef today.
Tags: chicken, farming, food, livestock Posted in Data | Leave a Comment »