Archive for the ‘money’ tag
Making a million is quite a achievement in the industry. We’ll feature a piece in our March issue about how exactly hit that goal. In the meantime, check out what Dave Fairburn, president, and Andrew Pelky vice president of NP Holdings, an outdoor property services company in New England, said about making the mark.
The achievement “gave us a point where we could breathe,” Fairburn said However, “we simply reached a benchmark which will lead to others” He said it’s not an end mark. It simply gives the company a moment to pause, reorganize, and plan our next steps.
“I processed it, and I haven’t really thought about it again until your magazine has asked us this question,”Pelkey said. “What this is really about, is that we are on this planet for only 80 or 90 years. It’s what we do to exercise our minds for that time to feel fulfilled. This is not to understate the value of a million dollars; it is just to value the million dollars in terms of life.”
Some good insight about reaching a goal, but not settling for it.
Related to yesterday’s post about how much we make, today we bring you this chart that explains how we spend it.
But poor families spend a much larger share of their budget on basic necessities such as food at home, utilities and health care. Rich families are able to devote a much bigger chunk of their spending to education, and a much, much bigger share to saving for retirement. (The retirement line includes contributions to Social Security and to private retirement plans, by the way.)
You can read the full story here.
From the great Planet Money bog at NPR comes this chart breaking down what Americans make annually:
Some takeaways: Almost one household out of every four (24.9 percent) makes less than $25,000 a year. About one in three households (30.1 percent) made between $50,000 and $100,000. One in five households (19.9 percent) made more than $100,000 a year.
The income part of the data excludes dividends, capital gains and income from real estate, like rent payments. The benefits part includes food stamps or subsidized housing. Many of these government subsidies are targeted at poorer households.
Click through to get a state-by-state breakdown.