- 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…
- Where Hispanics and Latinos Fare Best Economically – 2021 Study
Hispanics and Latinos make up almost 19% of the U.S. population (or 62.1 million out of more than 332 million), according to the 2020 Census. And according to data from the National Association of Hispanic Real Estate Professionals, they are becoming an increasingly important economic force, with almost 9 million homeowners nationwide, after growing by more… read more…
- Where Upper-Middle-Class People Are Moving – 2021 Edition
Tax filers with higher adjusted gross incomes (AGIs) tend to move less than filers with lower AGIs. This may be due to various reasons, including that taxpayers in higher income brackets often skew older or are more established in their careers. Regardless of the cause, IRS migration data shows that roughly 3% of filers with… read more…
- Where Rich Generation Xers Are Moving – 2021 Edition
In a 2021 report, the National Association of Realtors says that Gen Xers make up 24% of homebuyers from the past year, the highest of any generation in that time frame. The report also ranks the age group as the highest-earning generation out of all other homebuyers, with a median income of $113,300 in 2019.… read more…
- Where Rich Young Professionals Are Moving – 2021 Edition
The number of people who move each year within the U.S. has been steadily decreasing for years. The U.S. Census Bureau says that while more than 42.6 million people moved within the country in 1999, that number fell to 31.4 million by 2019. Despite this trend, younger people are more likely to move than those in… read more…
- Where Seniors Are Most and Least Financially Secure – 2021 Edition
A 2019 report from the Federal Reserve on the economic well-being of U.S. households says that only 37% of Americans think that their savings are on track for retirement. The rising costs of living, medical expenses and long-term care can make it difficult to save enough for annual retirement expenses. With this context in mind, SmartAsset compared… read more…
- Cities Where Single Homeownership Rates Are Rising – 2021 Edition
While saving up for a down payment and closing costs can be difficult, the U.S. Census Bureau says that individuals in some cities are increasingly buying over renting. According to a recent report, almost three out of 10 owner-occupied homes are one-person households, which means that 36.2 million homes in 2020 were owned by single homeowners. SmartAsset crunched the… read more…