income – News Stories About income - Page 2

2012's Forgotten Issue:
Stagnant Income

analysis

Oct 24, 2012 11:52 AM CDT

2012's Forgotten Issue: Stagnant Income

Candidates largely ignore causes of decade-long income slump

(Newser) - The economy has taken center stage in the race for the White House, but amid the chatter about government spending and taxes, the New York Times thinks one subject that hits close to home for many poor and middle-class Americans has been largely left out: the long-term stagnation of income....

Poorer Give More to Charity

new study

Aug 20, 2012 8:34 AM CDT

Poorer Give More to Charity

But rich donate big when living in diverse areas

(Newser) - When it comes to charitable donations, lower-income people are willing to part with a much bigger chunk of their discretionary income than big earners are, a study finds. Households that bring in $50,000 to $75,000 a year give 7.6% of their post-tax and post-living expenses income, on...

Actually, You Only Need
$50K Per Year to Be Happy

study says

Apr 19, 2012 12:30 PM CDT

Actually, You Only Need $50K Per Year to Be Happy

New poll finds those who make less aren't as satisfied

(Newser) - Good news for those of you not quite making $75,000 per year : A new study finds that an annual income of just $50,000 is enough to inspire happiness. A previous study put the magic happiness number at $75,000, finding that even Americans making significantly more than that...

The Exact Income
You Need To Be
Happy Is...

The Exact Income You Need To Be Happy Is...

$75K, assuming you've also got friends

(Newser) - How much money is enough money? Exactly $75,000, according to a new study. Economist Angus Deaton and Nobel prize-winning psychologist Daniel Kahneman looked at data from the Gallup-Healthways Well-Being Index, and found that people reported becoming happier as their household income increased—until it hit $75,000. After that,...

Paycheck Data Dismal in 2010

OPINION

Oct 20, 2011 2:26 PM CDT

Paycheck Data Dismal in 2010

...Unless you were a millionaire

(Newser) - The Social Security Administration quietly released payroll data for 2010 yesterday, and they were “in a word, awful,” writes David Cay Johnston at Reuters —assuming you’re not a millionaire, that is. The number of people making at least $1 million rose by 20%, jumping from 78,...

DC Overtakes Silicon Valley
in Household Income

Oct 19, 2011 6:59 PM CDT

DC Overtakes Silicon Valley in Household Income

Typical home pulls in about $84,000

(Newser) - Our nation's capital city boasts the highest average income in the country, reports Bloomberg . New census statistics show that a household in the DC metro area typically earns $84,523, compared to the national median of $50,045. The booming salaries are explained by a dense concentration of lobbyists,...

Calculate
Where You
Are in the 99%

Oct 19, 2011 12:03 PM CDT

Calculate Where You Are in the 99%

'Wall Street Journal' offers a quick calculator

(Newser) - Just how strongly do you identify with the "We Are the 99%" slogan? It's the Wall Street Journal to the rescue, with a nifty little tool that allows you to plug in your salary and see what percentile you're in. (It's based just on salary, not...

US Incomes Fell More After Recession Than During It

Oct 10, 2011 4:35 AM CDT

US Incomes Fell More After Recession Than During It

Median household income down 6.7% between June 2009, June 2011

(Newser) - US incomes continued to fall after the 2007 recession was declared over—at an even steeper rate than during the recession, according to a recent analysis. Inflation-adjusted median household income fell 6.7% between June 2009 and June 2011. During the two-year recession, incomes fell 3.2%. The full four-year...

Mean People
Make More
Money

study says

Aug 15, 2011 5:59 PM CDT

Mean People Make More Money

Study finds less agreeable workers earn more

(Newser) - Kindness doesn't pay—at least not between the hours of 9 and 5, a new study shows. The aptly-named "Do Nice Guys—and Gals—Really Finish Last?" study found that "agreeable" workers earn less than those who aren't as agreeable, with an especially wide gap for...

How Many Millionaires Paid
No Income Tax in '09? 1,470

Aug 5, 2011 6:43 AM CDT

How Many Millionaires Paid No Income Tax in '09? 1,470

Average income fell 6.1%, new data shows

(Newser) - Some harsh figures are tucked into newly released income tax data from 2009: As the economy shed jobs, so too did the country shed taxpayers. Two million fewer individuals and couples filed with the IRS, while some 1,470 people earning $1 million or more didn’t pay a dime,...

Chrysler Turns 1st
Profit Since Bankruptcy

May 2, 2011 8:09 AM CDT

Chrysler Turns 1st Profit Since Bankruptcy

Revenue climbs 35% as Big Three return to profitablility

(Newser) - Good news for Detroit: The Big Three automakers are all profitable once again. Chrysler has reported its first net profit since leaving bankruptcy nearly two years ago, with a net income of $116 million in the first quarter. The firm saw revenue jump 35% to $13.1 billion compared to...

Consumer Spending Up...
Thanks to Gas Prices

Mar 28, 2011 10:12 AM CDT

Consumer Spending Up... Thanks to Gas Prices

Personal income up 0.3%, but inflation hits hard

(Newser) - Consumer spending rose at its fastest rate in four months in February—but that’s in large part due to rising gas prices. Consumer spending climbed 0.7%, while personal income rose 0.3% following January’s 1.2% jump, the AP notes. Both gains reflected a Social Security tax...

Female Breadwinners More Likely to Ditch Hubbies

Sep 10, 2010 12:41 PM CDT

Female Breadwinners More Likely to Ditch Hubbies

38% more likely, to be exact

(Newser) - We already know that men are more likely to cheat on female breadwinners—but today's breadwinner update gives the bad news to the men. A 25-year study has found that ladies who bring home the bacon—specifically 60% or more of the family's income—are 38% more likely to divorce...

Wealthy Americans
Migrating South:
IRS Data

see your county's stats

Jun 15, 2010 1:32 PM CDT

Wealthy Americans Migrating South: IRS Data

Good weather, low taxes lure rich, even during recession

(Newser) - Wealthy Americans are on the move, largely to the low-income-tax havens of the Sunbelt. A new Forbes analysis of IRS data from 2008 shows Collier County, Fla., at the head of the pack, picking up 15,150 new residents with an average income of $76,161—compared to $26,128...

How Much Money You Got?
Sites Broach Taboo Topic

May 15, 2010 3:28 PM CDT

How Much Money You Got? Sites Broach Taboo Topic

It's easier than ever to see how we stack up with others

(Newser) - You probably don't know Joey Kincer of San Juan Capistrano, California, but if you read the New York Times Magazine this weekend, you'll learn he makes $65,000 a year as a web developer and has a net worth of $201,000 (above the national median but about even with...

Once Again, We're Spending More, Saving Less

May 3, 2010 11:31 AM CDT

Once Again, We're Spending More, Saving Less

Spending rose twice as much as income in March

(Newser) - Well, that didn’t take long: Americans are back to spending more and saving less. While personal income rose 0.3% in March, spending rose at twice that rate, Business Insider reports. Personal savings, on the other hand, slipped that same 0.3% from 3% of income in February to...

Obamas Made $5.5M

TAX DAY AT THE WHITE HOUSE

Apr 15, 2010 1:21 PM CDT

Obamas Made $5.5M

Jill and Joe Biden earned $333,000 in 2009

(Newser) - Tax Day means we get to peek into the personal finances of the Obamas. The president and first lady reported income of $5.5 million in 2009, most of it from his books. They paid $1.8 million in federal taxes and $163,303 in state taxes to Illinois. The...

Choose, America:
Big Banks or Middle Class

ELIZABETH WARREN

Dec 3, 2009 11:10 AM CST

Choose, America: Big Banks or Middle Class

Bank shenanigans are destroying the building block of America

(Newser) - The inevitable consequence of letting big banks run wild is nothing less than the extinction of the American middle class. "Unthinkable,” Elizabeth Warren writes—but a real and dire possibility. Warren, chair of the Congressional Oversight Panel on the bailouts, has seen the numbers, and they aren't pretty....

College Bosses Earn
Record $1M+ Pay

Nov 2, 2009 5:14 AM CST

College Bosses Earn Record $1M+ Pay

Despite recession, school leaders' pay grows—with tuition

(Newser) - Lean times can go to the back of the class when it comes to college presidents. A record 23 of them raked in more than $1 million last year, up from nine in 2007. Not so surprisingly, many of presidents reigned at institutions among the 58 which charged more than...

Most Stay-at-Home
Moms Aren't
'Opting Out':
Census

Oct 1, 2009 11:39 AM CDT

Most Stay-at-Home Moms Aren't 'Opting Out': Census

Contrary to 'opt-out revolution' notion, most stay-at-home moms start that way

(Newser) - The so-called opt-out revolution by stay-at-home moms “is not and never has been and will not be a revolution,” says one sociologist—and statistics from the most recent census support that point. The term was coined to describe well-educated women leaving high-powered careers to raise children, but census...