Political, Social, and Corporate Reactions to the Tech Bubble and Current Chinese Conditions

One of the comments I have been getting on our recent series comparing the China market swing and the NASDAQ Tech Bubble's fallout has been the difference in political reactions to the two market falls.  Yes, it is true: some of the moves by the Chinese in reaction to their market's fall have little precedent in modern markets - but to insist that … [Read more...]

Female Median and 90th Percentile Incomes Since The “Great Recession”

In our last piece (it was on male incomes since the Great Recession) we promised you we'd revisit the topic and chart female incomes by age since the recent Great Recession.  Don't ever let them tell you DQYDJ doesn't follow through on their promises! So continues our little journey through the IPUMS-CPS microdata.  We've been attempting to get … [Read more...]

Male Median and 90th Percentile Earnings Since the “Great Recession”

We've been taking you on a fascinating journey through the IPUMS-CPS microdata lately as we dig up hard-to-find (okay, maybe just obscure) data on how the economy has been running in the last couple decades. Today we will continue the series, for data from 2008 - 2014. Our most recent obsession, of course, has been "Income by Age" - or, … [Read more...]

Male Earnings by Age And Year… How Have They Changed Over Recent Years?

I promised in our last post on female income curves over selected years that I would follow up with the male post - and today I deliver the goods.  This article gives a visual look at the male income curve over a single year - that is, using age as a proxy for experience and holding economic conditions static (all ages are in the "same" American … [Read more...]

Female Earnings by Age – By Year! How Has The Female Income Curve Changed Every Year?

It's very interesting to view how income shapes up over a career.  Add different years of the recent past inflation adjusted to 2013 dollars all to the shape of a career income curve?  It's gold Jerry! In our last article, we explored how career income played out by following a single income bracket over time, starting in various years (with a … [Read more...]

Net Worth by Age Calculator for the United States

Ever wonder how your net worth stacks up with the rest of your age group in America?  We made a calculator using Federal Reserve data - merely enter your net worth and the age range of the primary earner in the household to see which net worth quantile your net worth puts you in for your age group! Once you select your inputs, we will graph all … [Read more...]

The Aspirational Class: How Many Accredited Investors Are There in America?

We estimate that 8.25% of all American households - or roughly 10,108,811 households - count as Accredited Investors. (As of 2013, calculated using Federal Reserve SCF microdata). Furthermore, we estimate they hold about 70.28% of all private wealth in this country, or a whopping $45.5 trillion. But, let's back up for a second, for everyone … [Read more...]

Average Drawdowns of Wealth for American Retirees

This article is an attempt to look at the drawdown of wealth for American retirees, strictly by looking at net worth data for heads of households with age ranges 65-69, 70-74, 75-79, 80-84, and 85+.  This data was computed using 2013 Federal Reserve SCF data from the Federal Reserve. After Retirement, How Do Americans Draw Down Their Wealth? In … [Read more...]

The Net Worth of Different Age Groups in America

In this article, a continuation of our American Net Worth series, we explore the net worth it took to be in the 10%, 25%, 50%, 75%, 90%, and 99% (the 'one percent') bracket in 2013 for American Households headed by 18-24 year olds, 25-29 year olds, 30-34 year olds, 35-39 year olds, 40-44 year olds, 45-49 year olds, 50-54 year olds and finally 55 … [Read more...]

Defending Rand Paul’s Comments on The Fed’s Leverage

As you may be aware, potential (expected) Presidential candidate Rand Paul had something to say about the Federal Reserve the other day: “They’d be bankrupt, they’d be insolvent,” he said. “[The Fed’s] liabilities are $4.5 trillion; their assets are $57 billion. Do the math. "They are leveraged 80-1. They are leveraged three times greater than … [Read more...]