#income-disparity

#income-disparity

The latest: The ARC's Regional Commuter Survey, which was conducted last year, collected responses from more than 6,000 employed people across the 20-county region. 20% of respondents said they telework full time, up from 6% in 2019, the last time the ARC did the survey. Nearly 60% of respondents said they telework "at least occasionally," compared to 43% in 2019. Close to 75% of households that earned more than $200,00 a year teleworked occasionally. About half of lower-income households reported teleworking.

Mayoral salaries range widely across the nation, with some in smaller towns earning as little as a couple of thousand dollars a year, to the six-figure salaries that many major city leaders earn. Since mayors' salaries are set at the local level by city councils and local legislatures, there are no centralized reports on what mayors earn across all cities and towns. And a larger city doesn't always mean a bigger payday for its mayor. Some high-earning enclaves with as few as 1,000 residents pay their mayors higher salaries than those in some of the nation's largest cities.

Discrepancies in salaries within a marriage are common and can stem from differences in career fields, education, work experience, or personal choices about balancing family and professional life. While income gaps don't inherently cause problems, they can create tension if couples don't openly communicate about expectations, financial responsibilities, or feelings related to money and contribution. Some partners may feel pressure, guilt, or resentment depending on who earns more, while others may struggle with societal norms around gender and income.

Start with the median household income for California's city-dwelling millennials at $109,600. That's 33% above the $82,600 median in the cities outside of California. Next, consider the overall median income of $101,200 in California compared with $76,100 elsewhere also a 33% gap. While California millennials are clearly well-compensated compared with their national peers, consider the modest premium they earn in-state.

"Overdraft and non-sufficient fund (NSF) fees are 'one of the most common exploitative mechanisms big banks use to target the poor,' Senators Elizabeth Warren (D-Massachusetts), Richard Blumenthal (D-Connecticut), and Bernie Sanders (I-Vermont) wrote to 25 banks on August 28, including JPMorgan Chase, Wells Fargo, PNC Bank, TD Bank, and Bank of America. 'When consumers' finances are already stretched thin, exorbitant overdraft fees can cause other payments to bounce - leading to even more fees in a vicious circle that can 'turn setbacks into crises,'"

Your boyfriend's insecurity about your increased income reflects selfishness rather than support. He seems unable to handle your success, indicating deeper issues in your relationship.

It's essential to address the financial disparity thoughtfully, acknowledging the existing feelings of self-worth tied to income, especially for someone in a challenging career situation.

The average worker's retirement fund could increase by 6,000 due to planned pension reforms, but actual benefits will vary based on individual circumstances.

According to Forbes, the combined worth of America's wealthiest individuals has reached an astonishing $2 trillion, reflecting a significant increase of $400 billion from the previous year.