Tag Archives: Charlotte

Climbing the Income Ladder in the U.S.

us climbing income ladderAccording to an article published by the New York Times it matters where you grow up in terms of upward income mobility in the United States.

The chance that a child raised in the bottom fifth (bottom 20%) will rise to the top fifth (top 20%) varies significantly within each state and across states as well. The odds are particularly bleak for the Southeast. In cities like Charlotte, Atlanta, Raleigh, to name a few, the chances of upward mobility are few, 4% or less. By contrast, the chances of upward mobility are the best in areas of the Midwest and West, 20% or higher. The odds of climbing the income ladder are good in cities like Boston, New York, Salt Lake City, Pittsburgh, and Seattle.

Source: The New York Times: In Climbing Income Ladder, Location Matters


Gasoline Spending by State in the U.S.

gas guzzlers mint finalMint.com tracked how much its users spend on gasoline in one month, and how many times they visit the pump in the same period across the United States.

On average, Americans spend $177 on gas in single month, making an average of 6 visits to the pump, and spending an average of $32 in each transaction.

San Jose (California) stands out as the city where Mint users spend the most on gas, an average of $216 in a single month. Other cities where Mint users spend a lot on gas include Birmingham (Alabama), Jacksonville (Florida), Phoenix (Arizona), and Charlotte (North Carolina) to name a few. In contrast, in cities like New York, Brooklyn (New York), and Washington D.C., which have a good public transportation system, the gas bill is between $102 and $112 per month.

Source: Mint: Gas Guzzlers