Income By Race: Why Is Asian Income So High? Posted by Financial Samurai 206 Comments In 2018, we’re just now getting back to 2001 real income levels, which means the middle class is falling behind the "investor class" given the real estate market in most major cities and the stock market are near record highs.
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Michael Calhoun discusses the importance of sustainable, affordable, and inclusive housing. He first provides data on the role of housing in causing the financial crisis, and then highlights four.
About 11.4 million American households are paying more than half of their incomes to afford their rent, a record high, according to a new report from Harvard’s Joint Center for Housing Studies.
In Bend, Oregon, a social worker has helped prepare the librarians to work with people who came in with sensitive, personal questions, such as how to meet their rent and mortgage. American Futures.
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In other words, there are roughly 11 million millionaires in America. This count is at a record high thanks to a bull market in stocks, bonds, and real estate. Although 11 million sounds like a lot, it still only accounts for roughly 3.5% of the US population.
Compared to their wealth and capital gains, their spending is almost too small to be noticed. For most Americans, savings are closer to 0-2% of their income while for the richest the saving rate is as high as 60%.
· In most years for the past two decades, the Census Bureau has declared that at least 35 million Americans lived in poverty.
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