Search results
Results from the WOW.Com Content Network
A 2021 study by the National Low Income Housing Coalition found that workers would have to make at least $24.90 an hour to be able to afford (meaning 30% of a person's income or less) renting a standard two-bedroom home or $20.40 for a one-bedroom home anywhere in the US. The former is 3.4 times higher than the current federal minimum wage.
Income in the United States is measured by the various federal agencies including the Internal Revenue Service, Bureau of Labor Statistics, US Department of Commerce, and the US Census Bureau. Additionally, various agencies, including the Congressional Budget Office compile reports on income statistics.
Unlike median statistics, per capita statistics are affected by extremely high and low incomes. According to the U.S Census Bureau "The per capita income for the overall population in 2008 was $26,964; for non-Hispanic Whites, it was $31,313; for Blacks, it was $18,406; for Asians, it was $30,292; and for Hispanics, it was $15,674."
It's also much higher than the median net worth of $159,300 and the mean net worth of $385,400 for families with income between the 40th and 59.9th percentile of usual income.
America's economic strength and growth potential make it a compelling destination for investment, and this optimism is shared by some of the most successful investors, including Warren Buffett.
It's a new year, which means anything can happen, including with people's finances. Consider This: I'm a Financial Advisor: 10 Most Awesome Things You Can Do for Your Finances in 2025 Find Out: Why...
Countries in North America are sorted by nominal GDP estimates based on 2023 data from the World Economic Outlook by the International Monetary Fund. [ 1 ] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations ...
Statistics from the US Bureau of Labor Statistics 2019 Annual Survey [21] Race Production, transportation, and material moving Natural resources, construction, and maintenance Sales and office Service Management, professional, and related White 11.3 10.1 21.3 15.9 41.4 Black or African American 16.2 5.7 22.3 23.8 31.9 Asian 9.1 3.1 17 15.8 55