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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 Mar 04, 2019

The price-to-rent ratio measures the relative affordability of renting and buying in a given housing market. It’s a good factor to consider if you’re deciding whether to rent or buy. It’s especially useful if you’re considering a move, because it allows you to see what prices look like in your new city. As a general rule, a lower price-to-rent ratio indicates that a place is more favorable to homebuyers. A higher ratio indicates a better environment for renters. Read more

by Nick Wallace Mar 02, 2016

As of 2011, total spending for all public elementary and secondary education in the United States surpassed $630 billion per year, more than $12,300 per student. The vast majority of that funding, roughly 88%, came from state and local governments.  State governments have an especially important role: they maintain standards for curriculum, make sure that school districts with faltering local tax bases are adequately funded and assess the efficacy of public schools by administering statewide achievement tests. Read more

by Nick Wallace Mar 22, 2017

This study was published on Feb 25, 2015. In the world of technology, women are vastly underrepresented. According to data from the U.S. Census, in 2013 women accounted for just 25% of the workforce in computer occupations, a category that includes software developers, programmers, network architects and information research scientists. Historically, tech has been seen as something of a boys-club, and recently some industry leaders, including such companies as Facebook and Google, have promised to address the lack of diversity in their offices. Read more

by Nick Wallace Feb 18, 2016

Public universities and colleges serve many important roles in each of America’s 50 states. They are crucial pieces of an academic system that aims to educate young people and prepare them for the… Read more

by Nick Wallace Apr 04, 2018

They call it the STEM gap: the disparity between the need for workers skilled in science, technology, engineering or math, and the number of graduates trained in one of those disciplines. It’s an… Read more

by Nick Wallace Dec 06, 2019

If you have ever lived north of the 42nd parallel, chances are you’ve heard of Seasonal Affective Disorder. S.A.D. isn’t just a fancy term for the winter blues; it’s a documented medical condition… Read more

by Nick Wallace Feb 17, 2017

It’s a good time to be a hockey fan in the United States. Last year saw the National Hockey League’s total attendance grow to over 22 million, an all-time high that included what was very nearly the… Read more

by Nick Wallace Aug 06, 2015

There’s nothing wrong with being alone on Valentine’s Day. In fact, we fully endorse anyone who chooses to enjoy their solitude with a bottle of wine, a large pepperoni pizza and the best movie… Read more

by Nick Wallace Feb 28, 2018

Over the past five years, thanks to advances in data storage and computer processing, our capacity to make use of the massive quantities of data we produce each day has erupted. Today, government and… Read more

by Nick Wallace Feb 28, 2018

In the United States, flu season typically stretches from November to April, peaking in January or February. Each year, somewhere between 5% and 20% of the population will come down with influenza,… Read more

by Nick Wallace Mar 10, 2016

Over the past three decades, skiing and snowboarding in the United States have grown from niche hobbies pursued by a relatively small collection of enthusiasts into major industries. During the 2013… Read more

by Nick Wallace Dec 08, 2015

Year after year, the arrival of the New Year proves America is a country that places a premium on fitness. We like getting in shape. Or rather: we like being in shape. Getting there is a different… Read more

by Nick Wallace Dec 16, 2014

Historically, boomtowns have appeared where there was a discovery of mineral wealth—think the Texas Oil Boom or the California Gold Rush. In an era when cross-country travel was arduous and… Read more

by Nick Wallace Dec 11, 2014

According to Iowa Code 556, property in the State of Iowa is considered unclaimed if the holder is unable to locate or contact the owner after a period of inactivity, usually at least three years. As… Read more

by Nick Wallace Feb 14, 2020

Across the country, State Treasuries are holding billions of dollars in unclaimed property, assets like orphaned 401(k) accounts or payroll checks that never made it to their rightful owners. Every… Read more

by Nick Wallace Feb 14, 2020

There are people walking around right now who are owed  hundreds, thousands, or in some cases even millions of dollars in unclaimed property. In fact you might be one of them. Let us explain… Read more

by Nick Wallace Dec 02, 2014

According to the National Center for Education Statistics, as of fall 2012 there were roughly 3.7 million full-time elementary, middle and high school teachers in the U.S. To put that number in… Read more

by Nick Wallace Jan 15, 2016

Every year it’s the same story: the holidays arrive, the weather gets ugly and thousands of Americans find themselves stuck in airport terminals across the country, waiting for flights that are… Read more

by Nick Wallace Feb 03, 2017

Earlier this year, when MLB slugger Miguel Cabrera signed an eight year contract worth $248 million, much was made of one astounding aspect of that deal: on average, over the course of the coming… Read more

by Nick Wallace May 18, 2018

This time of year, traveling by airplane can be a bit of a gamble. The biggest threat is bad weather: last year alone we saw an ice storm wreak havoc in Dallas just days before Thanksgiving, and… Read more

by Nick Wallace Oct 30, 2014

In the United States, the responsibility of building and maintaining a police force rests largely with local governments. With the exception of national outfits like the FBI or the DEA, whose… Read more

by Nick Wallace Oct 23, 2014

With Election Day rapidly approaching, millions of Americans are starting to get involved in the political process. For some, this means registering to vote, doing some research and hitting the… Read more

by Nick Wallace Sep 29, 2015

Minor League Baseball may be America’s best kept secret. While most casual sports fans can quickly name several Major League teams (Yankees, Red Sox, Dodgers), the same probably cannot be said about… Read more

by Nick Wallace Mar 24, 2015

Some places stay with you long after you are gone. While they may not necessarily have the most pleasant weather or the best food, they’ve got something else, a certain indefinable quality that makes… Read more

by Nick Wallace Jan 02, 2015

The things that make a city good to live in are pretty different if you’re an adult or a kid. Children don’t care much about property tax rates, for example, but if there isn’t anything fun to do… Read more