Are taller workers smarter?
Taller workers earn a substantial wage premium. Studies that go back to the middle of the last century attribute the premium to non-cognitive abilities, which are associated with stature and rewarded in the labor market. More recent research argues that cognitive abilities explain the stature-wage relationship.
Continue reading… “Do taller workers earn more money because they are more intelligent?”
The average down payment for a house is 20%.
How long will it take you to save in order to afford a home? We calculated how many years it takes to save enough for a down payment in the 100 largest U.S. metro areas, factoring in both local average wages from the Bureau of Labor Statistics’s Quarterly Census of Employment and Wages and local housing prices based on the median asking price per square foot of homes listed on Trulia.
Continue reading… “How long will you need to save for a down payment on a home in your city?”
The difference between a man’s paycheck and a woman’s paycheck may have something to do with where people live.
Continue reading… “States with the biggest gender pay gap”
Pay for women will overtake men’s within a decade if current trends in the labor market continue, new figures show. The Office for National Statistics (ONS) said that the “gender pay gap” – the difference between average salaries of men and women – has fallen to under 10 per cent for the first time ever.
Not even a college degree is going to help much.
Is this the New Normal? Incomes have fallen since the new millennium began and aren’t expected to catch up until 2021, according to a Wall Street Journal survey of economists’ forecasts.
Continue reading… “Wages remain stagnant and won’t catch up until 2021”
Many Americans have to postpone retirement.
Many Americans are reaching their 60s with so much debt they can’t afford to retire. Before retiring most people would pay off their debts. But as wages have barely kept up with rising prices over the past 35 years Americans have pushed debt higher, living beyond their means. Now, people are postponing retirement, cutting living standards or both.
Continue reading… “Debt problems plague older Americans”
Americans tighten belts as they are squeezed by rising prices and stagnant wages.
Consumers are being squeezed on both sides by wages that aren’t increasing and rising prices. According to survey data by Goldman Sachs, the number of people who believe they will bring home more money one year from now is at its lowest in 25 years.
Continue reading… “Americans Pessimistic About Income Growth”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.