Tag wealth

Virginia: The state for crazy rich Asians?

After watching the movie “Crazy Rich Asians,” I wondered if it is accurate to label Asians in the United States and, specifically in Virginia, as rich. After delving into American Community Census data, I discovered that, in fact, Asians have…

Even more evidence for the new donut

A while back, I wrote a post on the transformation of US cities over the last two decades, using Charlotte, Houston, Atlanta, and Denver as examples. That investigation, using graphs to show changes in the city from the core to the…

Tax Day Round-Up

As we all know, today marks one of the clearest-cut deadlines of the year: Our Federal income taxes are due. (And, if you didn’t know, you’ve got until midnight.) Yes, the IRS does grant extensions, making it more generous than…

“47 percent” and other statistics

[youtube=]Last week’s release of the now infamous Mother Jones video of Romney’s comments  on the “47 percent” of Americans who don’t pay income taxes has everyone talking about the U.S. tax system.  Despite this election cycle’s relative dearth of substantive,…

We Need to Talk About Debt

Pre-recession, the major narrative was that American households were spending too much and saving too little. Now, we’re saving again, and household debt burdens have declined to their lowest rates in over a decade. Well, pat ourselves on the back;…

Much Ado About Canada

According to a recent study, the average Canadian household’s net worth (total assets minus total liabilities) is, for the first time in recent history, higher than the average American household’s net worth; more than $40,000 higher, in fact.  Is it…