Category Archives: Wealth News
Wealth by State
There is a growing disparity in the distribution of the country’s wealth from state to state. Many factors play into this, not the least of which is the cost of living disparities that accompany the huge differences in median incomes. In states with the highest median incomes, for example, property values are higher, food and fuel cost more, and nearly every aspect of life is more expensive. But that still makes it hard to explain why a blue collar worker in Connecticut can earn up to $6 more per hour than someone doing the exact same job in Mississippi.
Investing in Gold
All the gold in the world won’t really make a difference in the personal financials lives of most people in the United States, unless they are in that current camp that believes investing in gold is the only safe idea at this time in history. The bond market has completely caved in the wake of the country’s recent credit rating downgrade, and there are people who have been doomsaying about the long term economy for more than two decades.
