- What a Roommate Saves You in 50 U.S. Cities – 2021 Edition
Looking to boost your savings? Forget about cutting out those morning lattes, and instead consider your biggest monthly expense: housing. According to the U.S. Bureau of Labor Statistics, housing costs represented nearly 33% of all household expenditures in 2019 – almost double the next category, transportation. Making adjustments to your housing budget – like renting… read more…
- Best Cities for Conferences – 2021 Edition
Over the past year and a half, in-person conferences have been put on pause. However, as vaccination rates increase and businesses reopen, many conferences across a variety of industries are returning to in-person formats in fall 2021. Within the financial advisory industry more specifically, Orion Advisor Services’ Ascent conference, Riskalyze’s Fearless conference and the T3 Advisor/Enterprise Conference… read more…
- Where It Pays Off to Buy a Long-Term Rental Property – 2021 Study
Owning real estate has traditionally been viewed as an effective way to hedge against inflation. The logic is simple: as the price of goods and services increases, so does property value. Like other types of real estate, rental properties stand to appreciate in value, but that’s hardly the only benefit of this asset class. Landlords… read more…
- Best Places for Career Opportunities in 2021
According to the Bureau of Labor Statistics, more than six million people reported not working at all or working fewer hours in June 2021 because their employer closed or lost business due to the pandemic. While the record high unemployment rate of 14.7% in April 2020 compelled many to budget carefully and remain cautious about changing jobs, the much… read more…
- Where Leisure and Hospitality Jobs Are Returning Most Quickly – 2021 Study
The leisure and hospitality industry was one of the hardest hit following the onset of the COVID-19 pandemic in America. Social distancing rules and health concerns about travel and gathering in large groups kept hotels empty and reduced restaurants to outdoor dining and takeout. Though the pandemic certainly isn’t over, there are signs of the… read more…
- Places Where People Spend the Most on Transportation – 2021 Edition
The Bureau of Transportation Statistics says that Americans spent $1.4 trillion on transportation costs in 2019. According to a Bureau of Labor Statistics (BLS) Consumer Expenditure Survey for the same year, transportation is the second-highest household spending category after housing. In some parts of the country, households spend a larger portion of their income on transportation than in others.… read more…
- A Record 3.8 Million Workers Quit Their Jobs in April 2021: Who Are They?
In April 2020, the U.S. unemployment rate increased by 10.3 percentage points to 14.7%, the highest rate and largest month-to-month increase in the history of this data since the Bureau of Labor Statistics first recorded it in January 1948. A year later, in April 2021, 3.8 million workers quit their jobs, a record-high for a… 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…
- Cities Where Renters Can Afford to Live Alone – 2021 Edition
The nationwide median monthly rent in 2019 was $934 for a studio apartment and $953 for a one-bedroom, according to Census Bureau data. This can add up to anywhere between about $11,200 and $11,400 per year for solo renters. Living with a roommate is a common alternative to save money, but some residents may prefer to… read more…
- Income Thresholds to Be a Top Earner in America’s Largest Cities – 2021 Edition
The median household income is about $65,700, according to the most recent Census Bureau data. However, the top 20% of earners nationwide makes about twice this amount, potentially increasing their ability to save and invest for bigger financial goals like retirement. In 2019, the threshold to be in the 80th percentile of households according to annual… read more…
- States With the Best Infrastructure – 2021 Edition
On June 24, 2021, President Joe Biden reached an agreement with a group of bipartisan Senators for an infrastructure plan that will invest over $1.2 trillion in eight years on roads, water, electricity, broadband internet and other projects. Aimed at revitalizing the American economy, the bill, if passed, would be the largest long-term investment in… read more…
- Best Places to Work in Tech – 2021 Edition
Over the past several years new tech hubs have emerged across the U.S., with hotspots such as San Francisco and New York City losing some ground. The COVID-19 pandemic may have accelerated this trend. According to LinkedIn data compiled by Axios, many more workers in the software and IT services sectors left the greater metro… read more…
- Best Community Colleges in America – 2021 Edition
Community colleges are an important first step in the higher education of a diverse range of students. They can offer quality education at relatively low costs, potentially allowing students and families to budget better and ultimately save more. According to data from the Census Bureau, although attendance at two-year institutions has declined slightly in recent years,… read more…
- Cities With the Most Million-Dollar Homes – 2021 Study
Though they comprise a relatively small fraction of total homes, the number of million-dollar homes in the U.S. is growing. In 2016, about 2.3 million homes were worth $1 million or more. Meanwhile, in 2019, that figure was roughly 3.1 million. However, compared to the total 78.7 million owner-occupied homes, less than 4% of homes… read more…
- Top 10 Cities for Working Parents – 2021 Edition
The past year has been a difficult time for many working parents who have had to balance remote work, potential job losses, school closings and limited access to childcare. A February 2021 survey by Joblist says that 47% of parents are working more hours per week on average than they were before the COVID-19 pandemic, making… 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…
- Best Cities to Buy an Affordable Family Home – 2021 Edition
With higher housing costs and smaller living spaces, many large cities are less conducive to families. According to Census Bureau data, average monthly housing costs for homeowners across the 100 largest U.S. cities are more than 23% higher than the national average. Some large cities buck the trend, however. In this study, SmartAsset looked at… read more…
- States With the Worst Drivers – 2021 Edition
Whether you were once cut off by a car with Florida license plates or mercilessly tailgated by a driver in New York, we’ve all had bad experiences with drivers from other states (or our own) at some point. Besides the road rage, these situations can give us a lot of grief when it comes to… read more…
- Cities With the Strongest Economic Recoveries From COVID-19 – 2021 Study
With more than 40% of the U.S. population fully vaccinated (according to New York Times data as of June 15), the economies of many cities have started rebounding at a faster pace. However, the rebound has not occurred at the same rate nationwide. Factors like vaccination rates, public spending, poverty rates, tax revenue and politics have… read more…
- The Prevalence of Employer-Sponsored Retirement Plans in the U.S. – 2021 Study
The average 401(k) balance in the U.S. hit $123,900 in the first quarter of 2021, according to a recent report by Fidelity Investments. This marks more than a 70% increase from the average 401(k) balance a decade before ($72,800). But while balances are increasing among individuals with 401(k)s, a significant number of workers in the… read more…
- Cities With the Most Female Six-Figure Earners – 2021 Edition
Less than three in 10 six-figure earners in the U.S. are women, according to the most recent Census Bureau data. Though far from equitable, the percentage of women who are breaking the six-figure threshold is increasing, along with the gender distribution of six-figure earners – empowering them to potentially budget, spend, save and invest more… read more…
- Best (and Worst) Housing Markets for Growth and Stability – 2021 Edition
Editor’s Note: This study was originally published in June 2021. Buying a home is an important financial milestone. Many homebuyers have to save up for years, even decades, to buy a dream home. For them, this is a long-term investment… read more…
- Best Cities for Golfers – 2021 Edition
Experienced scratch golfers and duffers alike can agree on one thing: the cost of the game can break the bank over time. According to a 2018 Golfweek article, the median cost for an 18-hole round at a public golf course is $36 (including the cart). Equipment obviously adds some expenses, making accessibility to sporting goods stores… read more…
- What Are the Benefits of Working With a Financial Advisor? – 2021 Study
Estimates on the return on investment from having a financial advisor vary. In a 2019 whitepaper, Vanguard assessed an “Advisor’s Alpha,” or the value that a financial advisor adds to a client’s portfolio, to be about a 3% net return per year, depending on a client’s circumstances and investments. Separately, Morningstar researchers calculated how much… read more…
- Best Cities for an Affordable Wedding – 2021 Edition
When planning a wedding, the costs can add up pretty quickly. There’s the venue, the music, the photographer, the catering and the outfits and adornments, among other common expenses. While the average cost of a wedding in the U.S. fell to $19,000 in 2020 amid the coronavirus pandemic, The Knot says that American couples spent… read more…