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Nick Wallace

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:

by Nick Wallace Sep 13, 2016

According to the Bureau of Labor Statistics, the number of K-12 teachers in the U.S. grew by just half a percent between 2013 and 2014, a fraction of the overall rate of jobs growth across all occupations (1.9%). Likewise, income growth for teachers was below average. There are a number of reasons teachers have faced poor job market conditions in recent years, but a basic one is demographics. Read more

by Nick Wallace Sep 20, 2018

Safety first, right? Whether you’re thinking about relocating for your career, looking for a good neighborhood in which to buy a home or trying to decide where you want to attend college, safety is always a top consideration. It’s pretty safe to say that no one wants to live in a place where they feel threatened or afraid. Read more

by Nick Wallace Nov 11, 2015

According to data from U.S. Census Bureau, poverty in the U.S. is more common today than it was 10 years ago. That national trend is also reflected in most major cities. In places like New York, San Francisco and Chicago, both the number of people in poverty and the overall poverty rate have increased since 2005. Read more

by Nick Wallace Jun 27, 2017

Flying somewhere this holiday season? You won’t be alone. Nearly 1 million flights passed through U.S. airports in November and December last year. With air travel volumes still ascending, 2015… Read more

by Nick Wallace Nov 04, 2015

Want to turn $5 into $500,000 in a single weekend of NFL football? Or how about $10 into $10 million? Those are the types of payouts promised to winners in daily fantasy sports (DFS), the online game… Read more

by Nick Wallace Jan 23, 2017

Professional football players lead enviable lives. The pro athletes on an NFL roster make a minimum of $435,000 per year, approximately 10 times the U.S. median income. The top earners get paid over … Read more

by Nick Wallace Nov 09, 2016

Conferences play an important role in many fields and industries, with topics ranging from the general (World Business Forum) to the strange (Merfest) to the just plain fun (FinCon). They are a great… Read more

by Nick Wallace Sep 20, 2018

Choosing the right retirement age is as difficult as it is important. A premature retirement can also cost you a chunk of your annual Social Security income. Retiring too early could leave you short… Read more

by Nick Wallace Sep 22, 2016

Since 2009, the number of nurses in the United States has grown by almost 7%. Thanks to an aging population, the job growth for nurses is expected to continue apace in the near future. The Bureau of… Read more

by Nick Wallace Oct 05, 2016

For renters, it’s a dilemma as old as time: should I spend more to live alone or should I save money by living with a roommate? Living alone has its perks. You never have to wait for the bathroom,… Read more

by Nick Wallace Aug 10, 2018

Thinking about an early retirement? If so, you’ll need to plan carefully. There are a number of financial challenges for early retirees that those who wait until 65 or later don’t need to worry about. Read more

by Nick Wallace Oct 17, 2016

What’s the trick-or-treating like in your hometown? Do your neighbors hand out King Size Snickers – or carrot sticks? How are the costumes? Are the houses close together or do you have to walk a mile… Read more

by Nick Wallace Sep 13, 2016

There’s something magical about a college town. From the leafy green spaces of campus to the nearby strip of cafes, bookstores and bars, college towns at their best are charming yet vibrant places to… Read more

by Nick Wallace Nov 15, 2017

Choosing a college major isn’t necessarily all about the Benjamins. There are other things to consider – like what interests you. This is particularly true for majors that lend themselves to a… Read more

by Nick Wallace Aug 29, 2016

What’s your favorite state capital? Those who like sunshine might say Phoenix or Santa Fe. Mile High Denver might be the preferred choice of mountaineers and skiers, while sailors might love… Read more

by Nick Wallace Jan 10, 2018

In general, this is a good time for those seeking new opportunities in their careers. Unemployment is low and the economy continues to add jobs every month. Even so, leaving your current position for… Read more

by Nick Wallace Sep 29, 2015

The inflation rate in the United States has been very low for a very long time. In both 2013 and 2014 inflation was less than 2%, the Federal Reserve’s target rate to maintain price stability. To… Read more

by Nick Wallace Sep 27, 2016

Minor League Baseball continues to grow in popularity. In 2014 a record 42.4 million fans attended Minor League Baseball games across the country, an increase of more than 850,000 over 2013. To put… Read more

by Nick Wallace Aug 10, 2016

Starting a business isn’t cheap. One of the biggest challenges for most entrepreneurs is raising capital to fund the early stages of their company, before it has the customers and revenue to support… Read more

by Nick Wallace Nov 12, 2017

Families move for a wide variety of reasons. In one U.S. Census Bureau survey of Americans who had recently relocated, roughly half of all respondents cited housing as the primary reason for their… Read more

by Nick Wallace Feb 28, 2018

As of July 2015, the unemployment rate in the United States had dipped below 5.3%, its lowest level since the spring of 2008. That’s great news for workers, who benefit from a tighter labor market in… Read more

by Nick Wallace Jul 19, 2016

As the cost of attending a four year college or university continues to grow throughout the country, community colleges have assumed an increasingly important role in our higher education system.… Read more

by Nick Wallace Aug 10, 2018

Housing policies at the state level can have a significant impact on homeowners. State regulations regarding taxes, insurance and mortgage lending affect home prices and the costs of ownership.… Read more

by Nick Wallace Sep 20, 2018

It’s a good time to be a tech worker. Between 2013 and 2014, even as job and income growth in the rest of the economy was sluggish, overall employment in technology grew by 3.7% and average annual… Read more

by Nick Wallace Apr 10, 2017

Although we are now several years beyond the housing crisis, the recovery in U.S. cities has been uneven. Low mortgage rates and strong economic fundamentals have spurred explosive growth in sales… Read more