000, amiddle-class lifestyle for a family of fourin an expensive city. You are in the top 0.1 percent if you make roughly $1.1M. This age group finally breaks the $1M income barrier. Nobody is going to deny someone making over $1M a year is rich....
The elderly.An increased standard deduction for those over 65, and an exemption on part of Social Security earnings, means that many older Americans pay no income taxes. Please remember though that the elderly have paid their dues through decades worth of federal taxation during their careers. Th...
Keep in mind that in 2003, mortgage rates were in the 6 percent range and now have fallen by over 50 percent thus increasing what Americans can take on to purchase a home. Home prices have not shot up in a similar fashion because households have not seen any real wage i...
Despite feeling stressed and regretting their approach to home buying, a majority of homeowners (59%) still view homeownership as a big part of the American dream. In a recenthome ownership survey, Bankrate found similar results. While 79% of Americans view owning a home as "a hallmark of ...