13. What percentage of US wealth is managed by millionaires? (Source: Federal Reserve) According to the Federal Reserve, the top 10% in the US own 69.6% of the nation’s wealth. If you need a clearer example offinancial inequalityyou just need to know that around a third of the US we...
The unemployment rate is the percentage of the total unemployed labor force actively seeking employment and willing to work.
The percentage of Americans age 65 and older who were employed in 2023. Can You Be Forced Into Retirement? Aside from a few professions, it is illegal under the Age Discrimination in Employment Act (ADEA) for employers to adopt a mandatory retirement age.This means that the decision to reti...
The birth of a child is not just a blessed event; it's the beginning of a whole new set of tax breaks for your family. Learn how the newest addition to your family can help trim your tax bill, and how to save for your child's future in the most tax-effic
A record number of Americans worked more than one job last year, and multiple-job holders as a percentage of the total workforce recently matched the highest share since 2019. That was largely driven by women, who worked multiple jobs at the highest rate since the 1990s in December. ...
Customer churn is the number of customers that walk out of the door in a given period. It includes customers who moved over to the competition and the ones who terminated the services or stopped purchasing the product from you. In its simplest form,customer churn rateis the percentage of peo...
In the future, up to what percentage of workforces in advanced economies could work from home from three to five days per week? Articles referenced: “Reimagining HR: Insights from people leaders,” March 1, 2022,Laura Blumenfeld,Neel Gandhi,Asmus Komm, andFlorian Pollner ...
Under these tests, there can't be a large discrepancy between the groups in terms of what they are depositing into their 401(k) accounts. For instance, with the actual deferral percentage test, or ADP test, if non-highly compensated employees are only putting an average of 4% of...
The labor force participation rate, or the percentage of working-age adults who have a job, fell to 62.1% last month, a 0.3-percentage point drop from August. And that remains a far cry from the pre-pandemic rate of 63.4%, which signals that the labor market is far from fully recovered...
than two-thirds of the median income—had grown four percentage points, from 25% to 29% of the population.Over that same period, though, the percentage of Americans in the highest-income households also rose by seven points since 1971, taking that group from 14% to 21% of the population...