Interactive: What's the Median Income in Your County?
Another great interactive from Visual Capitalist here:
Note: This is a static chart; go directly to the website to be take advantage of interactive features.
Question for students:
- What are the sources of household income?
- Work will be the obvious answer, capital (dividends, capital gains from investments) will be a less obvious one
- Many students will also be familiar with the gig economy and know that there might be multiple income streams
- What do you think determines how much someone can earn?
- Good opportunity to discuss human capital and how gaining skills can lead to higher incomes
- What is the median income in our county? How does your county compare with the rest of the state?
- To answer the question, use dropdown in the bottom right of the chart to filter the information by state; be sure to go to Visual Capitalist website
- What factors in your county do you think impact median household incomes?
- Stepping back and looking at the map of the entire country, what are three observations that you can make about household income in the U.S.?
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Like this chart? Here are three other Visual Capitalist charts that have appeared recently on our blog:
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Interactive: What Does $1,500 In Monthly Rent Buy You in Different Markets?
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Question: Can You Really Build Wealth Earning The Minimum Wage?
About the Author
Tim Ranzetta
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
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