- Where Retirees Are Moving – 2023 Study
Fixed incomes can’t go as far for retirees with the current pressures from high inflation and a volatile stock market. For some, relocating to a cheaper or more tax-friendly part of the country may no longer be a matter of preference,… read more…
- Best Places for Black Entrepreneurs – 2023 Edition
Black Americans are the third-largest racial or ethnic group in the U.S., making up just over 12% of the population. But less than 3% of all businesses are Black-owned. Some places outperform others, however, when it comes to the prevalence, success, and financial health of Black-owned companies and business owners. In celebration and recognition of… read more…
- Where Black Americans Fare Best Economically – 2023 Edition
Nearly a quarter of the way through the 21st century, Black Americans continue to face significant financial inequality. In 2021, the median income of Black households was almost $23,000 less than the median income of all households nationally, according to Census Bureau data. And the income gap between Black and white households was even greater,… read more…
- Cities With the Largest Gen Z Workforce – 2022 Study
While the youngest Gen Zers are age 10 today, the oldest of the generation are reaching their mid-20s and are growing their careers. By 2025, Gen Zers are expected to account for a quarter of the workforce in the U.S. Additionally, a recent survey by McKinsey shows that Gen Z workers are more likely to… read more…
- Top Boomtowns in America – 2022 Edition
Economic uncertainty has been a top concern for most Americans over the past several months, and many experts predict that financial struggles will continue into the new year. However, despite the many challenges Americans have faced nationwide, there are some… read more…
- Where Rich Americans Give the Most to Charity – 2022 Edition
While Americans are still facing economic challenges, monetary generosity has also increased. Charitable giving grew by 9% in 2021 for both traditional donations and online giving, according to the non-profit research division at Blackbaud Institute. This is the largest increase… read more…
- Where Millennials Are Moving – 2022 Edition
Millennials are increasingly putting down roots whether that is through buying a home, getting involved in their community or working with a local financial advisor to plan for the future. While less than 4% of millennials moved between states in… read more…
- Where Are Young People Buying Homes? – 2022 Edition
The housing market has increasingly discouraged young people from buying homes. A June 2022 survey by Money and Morning Consult found that given the state of the housing market over the past two years, 48% of Generation Z and 44%… read more…
- Where Women Are Most Successful – 2022 Edition
There are over two million women business owners, and that number is on the rise. In fact, data from the Census Bureau shows an increase of 17.63% between 2017 and 2021. Compared to 10 years ago, that’s more than a… read more…
- Where Millennials Are Struggling to Pay Off Credit Card Debt – 2022 Study
Across all generations, millennials spend the most time worrying about money (seven times a day, on average). Additionally, nearly three in four millennials have credit card debt and carry an average balance of $4,576. Tackling that debt can be challenging… read more…
- Where Hispanics and Latinos Fare Best Economically – 2022 Edition
Hispanics and Latinos have played a major role in the country’s population growth over the last decade. In fact, Hispanics and Latinos made up almost one-fifth of the country’s population in 2020 at roughly 62 million, according to the Census… read more…
- States Losing (And Gaining) The Most Rich Young Professionals – 2022 Edition
Young professionals are generally staying close to home, according to new research. The Census Bureau and Harvard University recently found that 80% of young adults live less than 100 miles from where they grew up. Meanwhile, just 10% had moved… read more…
- Where High-Earning Households Are Moving – 2022 Study
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers… read more…
- Fastest-Growing Jobs for Young Professionals – 2022 Edition
It should come as no surprise that a computer-related profession is the fastest-growing occupation among people ages 25 to 34. However, other jobs that have seen the significant growth among young workers in recent years aren’t limited to computers and technology. Instead, they run the gamut from health care workers to pilots and aviation engineers,… read more…
- Where Seniors Are Most and Least Financially Secure – 2022 Edition
American seniors have many financial considerations to take into account as they navigate their golden years. Retirement income, savings, tax burdens and inflation are a few common examples. The Global Retirement Index from the French investment manager Natixis says that 41% of American respondents believe a miracle would need to happen in order to be… read more…
- Best Places for Asian American Entrepreneurs – 2022 Study
Asian Americans make up just under 5% of the total adult population in the U.S., but own roughly 10% of all U.S. businesses. And as the Asian American population is expected to more than double from roughly 22 million in 2019 to over 46 million in 2060, many more Asian American entrepreneurs across the country… read more…
- Where Women Are Buying Homes – 2022 Edition
A 2022 study from the Bank of America says that 30% of current women homeowners bought their home while single. And almost two-thirds of women surveyed said they would buy a home before getting married. As more women poise themselves to become homebuyers, SmartAsset analyzed data to identify and rank the metro areas where they were… read more…
- Where Single Mothers Fare Worse Economically – 2022 Study
As of 2020, there are 10.7 million single parent households in the U.S. and 80.5% of them are headed by single mothers. Single mothers have also seen a decrease in their income over the past several years and nearly half… read more…
- Equal Pay Allegations and Resolutions in the U.S. – 2022 Study
Though the Equal Pay Act (EPA) passed in 1963, pay equity issues still exist. According to the Bureau of Labor Statistics (BLS), in 2020, women made 82 cents for every dollar a man earned. Depending on race and ethnicity, this figure varies. Asian women earn 79 cents on the dollar compared to Asian men and… read more…
- Where Older Americans Struggle Most With Student Debt – 2022 Study
Often when we think about the finances of older Americans, a couple of words come to mind: investments and retirement. Student debt among older Americans is a less typical conversation. However, about 6% of Americans ages 50 and older carry an average of $45,641 in student debt in addition to potential other debt. That’s $333.2… read more…
- Best Places for Black Entrepreneurs – 2022 Study
Nationally, less than 3% of businesses are Black-owned. However, over the past two years, the number of Black-owned businesses has grown by 8.52%, according to Census Bureau data. This exceeds the rate at which all businesses are growing (0.46%). Some parts of the country provide a more favorable environment for Black entrepreneurs to set up… read more…
- Fastest-Growing Jobs for Young Professionals in America – 2021 Edition
For young professionals looking to kickstart their career, the current labor market offers many jobs, with companies taking steps to attract new workers into the fold. Keeping this in mind, SmartAsset wanted to look at the past few years to see which types of jobs have big gains among young professionals between the ages of… read more…
- Top Boomtowns in America – 2021 Edition
The U.S. recently hit a large milestone on the road to recovery from the economic fallout of COVID-19. In the second quarter of 2021, real gross domestic product (GDP) exceeded its pre-pandemic level, according to Bureau of Economic Analysis data. This rebound comes exactly a year after real GDP hit its lowest point during the… read more…
- Fastest-Growing Jobs for Women in America – 2021 Edition
According to Bureau of Labor Statistics (BLS) data, in January of 2021 the labor force participation rate for women dropped to 57%. This was the lowest it had been since 1988, when it fell to less than 58% (compared to when it reached above 60% in the late 90s and into the aughts). It is… read more…
- Fastest-Growing Jobs for Hispanic and Latino Americans – 2021 Study
Hispanic and Latino Americans have seen some of the highest unemployment rates during the COVID-19 pandemic of any race and ethnic group for which the Bureau of Labor Statistics (BLS) reports data. In the second quarter of 2020, the Hispanic and Latino unemployment rate was 16.7%, the highest unemployment rate in that period compared to… read more…