purchasing power - Unusual Whales

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purchasing power

A collection of 3 posts

purchasing power

7% of Americans earn at least $250,000, but their purchasing power depends on where they are

Per CNBC It was noted that only 7% of Americans earned an annual $250,000, according to SmartAsset. However, their purchasing power depends on where they are located. An example given was New York City compared to Memphis, where in NYC, a $250,000 salary would only be worth $83,

New York employees making $312,000 need to make almost 3x less in Houston to have the same purchasing power

Per Bloomberg New York has been among some of the most expensive cities in the US, and recently, it was reported that those working in the city would need to make 3x less to have the same purchasing power as they would have had in Houston. A New York earner

Bureau of Labor Statistics says you need to earn about $129,000 today to have the same purchasing power as $100,000 a decade ago

Per CNBC The Bureau of Labor Statistics revealed that those that wanted to experience the same purchasing power as someone a decade ago would if they were making $100,000 annually would need to earn more today. The data showed that to achieve the same purchasing power, people today would