income

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Can $500 a Month for a Year Change a Life?
What Happened When Chicago
Gave Her $500 a Month
longform
Nov 19, 2023 6:01 AM CST

What Happened When Chicago Gave Her $500 a Month

A look at how one woman's life was impacted by the yearlong Resilient Communities Pilot

(Newser) - You hear about them every so often: pilot programs that give a select group of people a guaranteed income for a specific amount of time in a quest to see if such an approach can make a difference in the fight against poverty. In a deep dive for Chicago Magazine ...

$75K Yearly Income Where Happiness Plateaus? There's More to It

Study suggests only the unhappiest 20% see emotional well-being flatline after $100K

(Newser) - Nobel Prize-winning economist and psychologist Daniel Kahneman has admitted his influential study from a decade ago—suggesting happiness increases with household income only up to $75,000 —didn't get it right. The question of whether money can buy happiness has been much debated since Kahneman's 2010 research...

Top 10 List for Income Is All Men, Plus Taylor Swift

Forbes puts singer's pay at $92M for 2022, ahead of all other female entertainers

(Newser) - Taylor Swift joined the male-dominated list of the 10 highest-paid entertainers for 2022, the only woman on the Forbes list. The singer ranked ninth, per CNBC , after pulling in $92 million. Demand for her music was clear: Her songs held all Top 10 spots on the Billboard Hot 100 in...

How 'Social Norms' Are Stressing Out Husbands
How 'Social Norms' Are
Stressing Out Husbands
new study
Nov 20, 2019 5:51 PM CST

How 'Social Norms' Are Stressing Out Husbands

In America, women's pay is affecting men's mental health: study

(Newser) - American husbands don't mind their wives making money—but over 40% of their combined income? Then it's time for the man cave. So says a new study that measured male stress in roughly 6,000 US couples over a 15-year stretch, CBS News reports. Husbands in the study...

Finland Gave People Free Cash. Here's What's Happened So Far

They're not working much more, but they are happier and less stressed

(Newser) - Finland's basic-income experiment is one year into its two-year trial run, and the results so far are a mixed bag. In a European first, 2,000 or so out-of-work Finnish citizens between the ages of 25 and 58 were guaranteed a monthly tax-free paycheck of about $635 from the...

Here, 6-Figure Salary Qualifies as 'Low Income'

Welcome to the Bay Area

(Newser) - From Miami to Detroit to San Antonio, an annual household income of $117,400 puts you firmly in the "high income" group. You'd even land in the upper middle class in New York City, per Business Insider . Not so in San Francisco. Further cementing the city's reputation...

Low-Level Crime Pays Pretty Well
Low-Level
Crime Pays
Pretty Well
NEW STUDY
Sep 17, 2017 9:45 AM CDT

Low-Level Crime Pays Pretty Well

Criminals make double the average made legally by high school dropouts

(Newser) - Crime not only pays, it pays relatively well—about $900 per week. So say researchers who compared past surveys of nonviolent, low-level criminals to come up with the best guess on their illegal earnings. Such a figure isn't easy to reach since criminals aren't keen to report illegal...

Recession Officially Over for Median Household Income

It just hit $59K

(Newser) - By at least one measure, the great recession that started in December 2007 was officially recovered from by the time President Obama left office, the New York Times reports. According to Census Bureau figures released Tuesday, the median household income in America in 2016 was $59,039—an increase of...

Top 8 Cities Where Pay Goes Furthest

Midsize cities are the way to go, with Detroit in No. 1 spot

(Newser) - If you want to stretch your paycheck further, you may be better off putting down roots in a midsize city rather than a large one, even if the jobs you could get in a major metropolis may pay more. That's the finding of Glassdoor , which compared median base salary...

Middle-Class Income Sees Fastest Growth Ever: Report

Poverty rate fell too, though some say it's not enough to warrant a celebration just yet

(Newser) - For seven long years, the US has been struggling to break out of a sluggish economy after the Great Recession, Bloomberg notes. Some "remarkable progress" on that front came Tuesday, per the White House blog : A US Census Bureau report says median household income (adjusted for inflation) for 2015...

Switzerland May Ensure All Adults Make at Least $31K

Tax-free basic income would create more 'humanized' economy: supporters

(Newser) - On June 5, Swiss voters will weigh in on a measure that's never been implemented in any country: make sure every citizen and legal resident gets $2,600, every month, tax-free ($650 for kids)—no matter what their employment situation or income level, USA Today reports. What Gawker says...

Your Size Predicts How Much You Earn

 Your Size Predicts 
 How Much You Earn 
STUDY SAYS
Mar 9, 2016 12:15 PM CST

Your Size Predicts How Much You Earn

Short men, overweight women are at a disadvantage: study

(Newser) - Bad news for short men and overweight women: You have "reduced chances in life" when it comes to income, education, and job prospects, the Washington Post reports via a new study in the British Medical Journal . University of Exeter researchers analyzed how genetic variants related to height and BMI...

31-Year-Old's Experiment: Pay People $1,100 a Month
 31-Year-Old's Experiment: 
 Pay People $1,100 a Month 
in case you missed it
Jan 2, 2016 11:25 AM CST

31-Year-Old's Experiment: Pay People $1,100 a Month

Basic income has no strings attached

(Newser) - "If you were handed $1,100 a month, would you amount to anything?" So asks the Los Angeles Times in a Sunday headline atop a piece about a unique experiment underway in Germany. Michael Bohmeyer, a 31-year-old Internet entrepreneur in Berlin, is behind Mein Grundeinkommen (My Basic Income), which,...

Americans Are Making Less Money Under Obama

And why that might not actually help any of the GOP presidential candidates

(Newser) - Politico has an interesting article on what it's calling "the Democrats' wage problem," a major takeaway of which is that the average American income has actually gone down during Obama's years as president. The median household income in 2014 was more than $1,600 lower...

Women's Salaries Peak a Decade Earlier Than Men's

Even when men and women work the same jobs, women earn less

(Newser) - Women's earnings continue to rise slightly every five years between the ages of 20 and 40, at which point the median salary peaks at $49,000. From there until retirement 25 years later women's earnings remain flat, while men's salaries continue to grow until into their 50s,...

What You Earn Is Tied to How You Drink

 What You Earn Is 
 Tied to How You Drink 
in case you missed it
Aug 1, 2015 11:53 AM CDT

What You Earn Is Tied to How You Drink

The wealthy and most educated are most likely to drink alcohol

(Newser) - Overall, roughly two in three Americans drink alcohol—which has been true historically since 1939. But dig a little deeper and drinking habits vary widely among some Americans, particularly between those who are wealthy (eight in 10 drink) and those who are not (only five in 10 do), reports Gallup...

Disobedient Kids Make More Money as Adults
Disobedient Kids Make
More Money as Adults
study says
Jul 24, 2015 4:12 PM CDT

Disobedient Kids Make More Money as Adults

Study finds it's a strong indicator on future income

(Newser) - Parents at their wits' end over an unruly kid might take heart: The brat will probably grow up to earn more than his well-behaving peers, a new study in Development Psychology suggests. Researchers with the University of Luxembourg, the University of Illinois at Urbana-Champaign, and the Free University of Berlin...

Half of Couples Don't Know This About Their Partners

They say they communicate, but a new survey by Fidelity suggests otherwise

(Newser) - For richer, for poorer, for who knows? Nearly half (43%) of couples in serious relationships don't know what their partners earn. And of those, 10% are off by at least $25,000. So finds the latest biannual online survey by Fidelity , which polled 1,051 couples who are at...

Your Salary Is Just a Fraction of What You Make

That fraction being about 1/2: Tax Policy Center experts

(Newser) - Howard Gleckman has a news flash for you: You make far more money than you think you do. Writing for the Christian Science Monitor , the Urban-Brookings Tax Policy Center fellow isn't arguing that you're reading your paycheck stub wrong. Rather, the number on that stub is only the...

Consumer Spending Jumps 0.8%
Consumer Spending
Jumps 0.8%
Oct 29, 2012 8:44 AM CDT

Consumer Spending Jumps 0.8%

It's the best report in 7 months, but outpaces income growth

(Newser) - Americans increased their spending in September at twice the rate their income rose, a sign of confidence in the economy. The Commerce Department says consumer spending increased 0.8% in September, the best showing since February. Personal income rose 0.4%, an improvement from a slight 0.1% gain in...

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