Personal Finance Expert
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.
Posts by Nick Wallace:
Millennials, now the largest age cohort in America, are different than prior generations in a number of ways. They are less likely to get married, for instance. 65% of present day 18-to-35-year-olds have never been married, compared to the 40% of young adults who had never said “I do” in 1980. Another key difference between millennials and prior generations is housing. Whereas in 1980 almost 44% of adults under age 35 owned their home, today that rate is just 35% (likely in part because millennials simply cannot afford to buy in many cities). Read more
1976 was a year that changed the wine world forever. On a spring afternoon in Paris, a British wine merchant brought together a panel of esteemed French sommeliers to hold a blind tasting comparing several French and Californian wines. It was an all but foregone conclusion that the French experts would prefer the French wines. But then the unthinkable happened: the sommeliers chose the American wines. Read more
The median pay among STEM workers in 2014 was more than $72,000. That’s more than double the median income among all occupations, according to Bureau of Labor Statistics data. Few would argue, however, that STEM workers are generally overpaid. Experts in the fields of science, technology, engineering and math are key contributors to economic growth. Furthermore, STEM occupations generally require years of rigorous and difficult training. Read more
In modern America, being single is too often conflated with being lonely. This is especially true on Valentine’s Day, when couples celebrate their love with gifts and flowers and expensive dinners… Read more
The home mortgage interest tax deduction is one of the most common deductions claimed on federal income tax returns, but that doesn’t mean most taxpayers are taking advantage of it. In fact,… Read more