As a young married couple with a small child, my wife and I have talked a lot recently about when would be the right time for us to buy a house. We like the idea of building home equity rather than renting, especially at today's low mortgage rates, and we believe that owning a house … Continue reading What Is It Like To Be A First-Time Homebuyer In The U.S.?
Infographic: Relationship Between Net Worth and Income
Common sense would tell us that net worth increases as income increases. However, it's not as simple as that, as you can see in the infographic I created using data from the 2019 Survey of Consumer Finances. https://anchor.fm/cozy-nest-egg/episodes/Net-Worth-And-Income-e120qmq Net worth increases exponentially relative to income The first observation we can make based on the infographic … Continue reading Infographic: Relationship Between Net Worth and Income