Independent thinking for complex markets and current events
With housing taking up so much income, it’s no surprise income needs to be that high to live comfortably. https://t.co/54chaQOUr6 — Reef Insights (@ReefInsights) August 20, 2024 Shocking stat of the day: A record 8.5% of homes in the United States are now worth $1 million or more. Over the last 4 years, this share …
A humble species of eatery has become increasingly popular in Hong Kong, especially among residents who savour frills-free food to fill their stomachs. The restaurants serving low-cost “two-dish-rice” dishes, once found mostly in poorer neighbourhoods, are gaining acceptance across all social classes. The trend is widely seen as a reflection of the city’s lacklustre economic …
Key points: Massachusetts is the most expensive state to raise a family of four, requiring an annual income of $301,184 for comfortable living. Hawaii, Connecticut, New York, and California follow closely behind in terms of required income. The cost of living calculations are based on a 50/30/20 budget allocation for necessities, discretionary spending, and savings. …