Calculating how much money a kid gets after exchanging all twenty baby teeth. Read More
Category Archives: money
For The Atlantic, Dani Alexis Ryskamp compares the financials of The Simpsons against present day medians, arguing that the fictional family’s lifestyle is no longer attainable:
The purchasing power of Homer’s paycheck, moreover, has shrunk dramatically. The median house costs 2.4 times what it did in the mid-’90s. Health-care expenses for one person are three times what they were 25 years ago. The median tuition for a four-year college is 1.8 times what it was then. In today’s world, Marge would have to get a job too. But even then, they would struggle. Inflation and stagnant wages have led to a rise in two-income households, but to an erosion of economic stability for the people who occupy them.
Someone should take this a step further and look at distributions and time series to show the shift, with The Simpsons as baseline.
Someone mentioned that $400,000+ per year was commonplace in American households. That seemed like an odd comment, so here’s a chart that shows what percentage of households make at least a certain amount.
Less than two percent of households made at least $400,000 in 2018. So… not very common. I’m not sure what that person was thinking.
A million dollars. A billion dollars. The latter is 1,000 times more than the former. Just add a few zeros, right? Tom Scott used a road trip to visualize the actual difference in scale.
Scott starts by setting the baseline of a million dollars with a short, one-minute walk. Stack one million dollar bills after the other and it’s about the length of a football field. Stack one billion, and he has to drive for an hour.
Oh scale, you are a tricky thing.
It reminds me of the scaled solar system a few years ago. Earth was sized as a marble, and distance and the size of everything else was scaled accordingly.
The Paycheck Protection Program was established to provide aid to small businesses. It’s a $669-billion loan program. The data for 4.8 million loans, amounting to $521 billion so far, is now available from the Small Business Administration.
For loans less than $150,000, you can download data for all states individually. Data for loans that were more than $150,000 can be downloaded as a single file. Look up business name, type, address, and loan amount range, among several other fields.
Seems like it’s worth a closer look.
Update: The Washington Post made a search interface for the dataset.
A couple of weeks ago — or maybe it was a couple of years ago, I’m not sure — the administration announced it would withdraw funding from the World Health Organization. Here's what that does to the overall picture. Read More
This week, a few projects went up on the internets about money and spending, each with different goals and approaches. In this issue of The Process, we look at each more closely. Read More
Neal Agarwal used a money printing metaphor to depict differences in various wages. The higher the wage, the faster the money prints. Keep scrolling and you also see big company revenues, finished with a frantic U.S. deficit increase.
So good. [Thanks, Neal]
We hear about billionaires spending millions of dollars on ads, acquisitions, etc. It seems like a ridiculous amount of money, but that’s partially because us common folk think of the millions of dollars in the context of our own net worth. When Jeff Bezos spends a few multiples of what we will never make in a lifetime, it seems like a lot.
For The Washington Post, Michelle Ye Hee Lee and Youjin Shin made an interactive that instead looks at the spending as a percentage of net worth. The purchases suddenly seem less crazy (sort of).
It’s simple math but a nice way to make the spending scales more relatable.
There are a lot of variables to consider, but for people of middle income, here's a suggestion, based on when you start saving and when you want to retire. Read More