"As Congress prepares to debate a year-end spending bill and President Trump prepares for trade talks with China's President Xi Jinping, these are some terms you're likely to hear used — and occasionally misused — by politicians and pundits. Bone up on your political and economic vocabulary so you'll sound smart on the holiday party circuit."
The $15 minimum wage works out to $31,200 per year, if a worker works 40 hours a week. That works out to $3,800 in 1959 dollars. So how many Capital Region residents in 1959 made less then $15/hour, inflation adjusted? This map takes a look at income in the Capital Region in 1959.
Ever need to put down your phone while wipping your butt? The Chinese have the product for you!
While 2.5 APY on a FDIC-insured 1 year CD isn’t going to make one rich, it’s a lot better then in years past. And 1-year CDs are good because they only tie up your money for a year — and lack the short-term risk of index funds and other market investments. At 2.5 APY, if you park $50k for one year, you earn $1,265 in a year guaranteed by the federal government. 🤔
The yield curve is dropping, and it’s increasingly risky to have too much market exposure for paper you can’t sit on for a decade. 📉 Sure, you’ll still losing money on certificate of deposits from inflation, but it’s not as bad as only a few years ago. While I am continuing to practice cost-averaging through my normal weekly investments, I am not going to throw wads of extra money into the market.
While I could probably make a few hundred bucks a year on my blog, I choose not to do advertising because I find it to be kind of annoying. 🛍 My blog isn’t that expensive to pay for the hosting, maybe $100 a year, 🕸and it gives me an outlet to share my experiences and continue to expand my knowledge of GIS and mapping through practical experience. 🗺 I don’t have internet at home, instead using public hotspots and my phone, so I figure the cost of hosting is far less then what I would pay for general internet.
Data Source: MEDIAN PERSONAL INCOME INCOME IN THE PAST 12 MONTHS (IN 2016 INFLATION-ADJUSTED DOLLARS). 2016 American Community Survey 5-Year Estimates