Since the adult US population is around 250 million, that means that just over 8% of Americans are millionaires. 2. How many US millionaire households are there? (Source: Spectrem) A new survey has found that there are 13.61 million households that have a net worth of $1 million or more...
The reason why the 2008-2009 financial crisis was so severe was because the vast majority of Americans had the majority of their net worth locked up in their primary residence, and the chart above excludes the primary residence as part of one's net worth. When the housing market crashed,...
[…] we spend one third of our adult lives at work? By another estimate, Americans spend a total of 92,000 hours at work, if you work from age 18 to 67. By that count, that’s over 1,800 hours per year, and if […]
The reason the mean is less helpful than the median is because the mean is skewed by the retirement savings of higher net worth families. Take, for example, the retirement savings of the topdecileof respondents, who were between 35 and 64 years old. The top group had saved $913,300. Th...
13. In 2021, around 5.4 Million Applications Were Filed to Form New Businesses. (Source: EIG) North Americans are famous for their entrepreneurial spirit and can-do attitude. So, how does that affect what percentage of startups fail in the region?
With these 5 cities, 1.26 million people make up these areas or more specifically, they make up over 42 percent of the entire county’s population. As you can see from the average household income, we aren’t in incredibly aff...
Write an explanation of the problem,why you want to solve it,and why it is worth solving,and you’re half-way there. Writers don’t always write because they clearly understand something beforehand. Often,they write about something because they want to understand it. You can do the same. ...
Totally worth it. How to calculate the percentage? What's the percentage formula? Staying with our cookie examples, let's name the three parts in our equation: the percentage of cookies — 40%, the whole pack of cookies — 20, and the part of the pack of cookies — 8. Depending on ...