Nick Wallace studied Economics at the University of Washington. He enjoys getting people thinking about finances by looking at the numbers. Nick is a freelance journalist and data analyst living in Michigan. He still lends his economic and analytic expertise for SmartAsset's studies.
There are currently about 29.5 million teenagers in the U.S., according to the Census Bureau. That’s a lot of teenagers! In comparison, there are about 28.5 million U.S. residents over the age of 70. What do those teens do? Roughly one out of six of them work – about 4.6 million, according to the Bureau of Labor Statistics. Many more would like to work, but can’t find a job. (The teen unemployment rate is 16%.) Most are enrolled in school – middle school, high school or (for some) college. Read more
Ahoy matey! Thinking about buying a boat? Join the armada. According to the U.S. Coast Guard’s National Recreation Boating Survey, there are nearly 22.3 million recreational boats in the United States. Those vessels range from one-person kayaks up to 200-foot mega-yachts. They can be found adrift on calm lakes in the Midwest or sailing through high seas off the coast of Alaska. Some are used for fishing, others for water-skiing, others for bird-watching. Some are pretty much just meant for throwing huge parties. Read more
As the baby boomer generation ages into their 60s and 70s, the number of retirees in the United States is going to increase. So too will their economic sway. Many retirees, no longer anchored to a city or region by their job, choose to pack up and leave. Some seek a lower cost of living. Others want beautiful scenery, warm weather or both. Some are looking for lower taxes on their retirement income. Read more
According to the Bureau of Labor Statistics, the unemployment rate for workers with a Bachelor’s degree averaged just 2.8% in 2015. That is much lower than the overall rate of 4.3% and it means that… Read more
Most people don’t love having a boss. Bosses tell you what to do and they berate you when you screw up. According to a 2015 Gallup survey, half of all U.S. workers have at some point in their careers… Read more
The homeownership rate among young people has been declining steadily in recent years. In 2005, 43% of adults under the age of 35 owned a home. Today that rate is just 35%. There are a number of… Read more
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