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The Latest Breaking News from Jacob Boomsma

The Gap Between the Middle Class and Top 5% in Every State

A gap of at least $40,000 sits between the high end of the middle class and the low end of the top 5%, according to a new study from GOBankingRates.

GOBankingRates

Here’s the Living Wage a Family of Four Must Have in Every State

Nearly one year after the American presidential election of 2024, in which the high cost of living was a critical factor and subject of debate, the cost of living in the United States remains rather high. Trips to the grocery store still take a sizeable bit out of wallets, inflation…

GOBankingRates

Here’s How Much You’re Paying for Utilities in Your State

Americans are paying more for utilities than ever, and the increases are likely far from over.J.D. Power reported last month that average household utility costs had jumped by 41% over the previous...

GOBankingRates

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Here’s How the One Big Beautiful Bill Will Impact Tax Returns in Every State

See which states save more than $2,000 annually.

GOBankingRates

The Richest Small Town in Every State

Here's a rundown of each state's richest small town, including population, median household income, average home value and a livability score.

GOBankingRates

Here’s the Salary Needed To Be Middle Class vs. the Salary Needed for the American Dream in Every State

With rising cost of living, is the American middle class still capable of attaining the American dream?

GOBankingRates

Here’s How Much You Must Make To Afford a Home in Your State in 2025

The American housing market, while nowhere near as affordable as it was in the pre-COVID pandemic era, became slightly more affordable over the summer of 2025. Per Fortune, home prices are at a relative standstill (or, in some cases, are decreasing) as a result of increased supply and a declining…

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The Living Wage a Single Person Needs in All 50 States in 2025

The absolute least you need to get by is $28,000 a year. But in Hawaii you will need three times that.

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$1.8 Billion Powerball Jackpot: How Much the Winner Would Take Home in Every State

Today's Powerball jackpot has climbed to $1.8 billion -- the second most in U.S. lottery history - and you can take home anywhere from $430 million to $1.1 billion of that. It all depends on (a)...

GOBankingRates

How Long Would It Take You To Save for a $500K Home in the Midwest?

Most states would require 12 or 13 years.

GOBankingRates

Retirement Readiness in All 50 States: How Do You Compare?

You might find yourself adjusting your retirement savings strategy before 2025 ends, especially if you're worried you don't have enough money saved up. Key findings from a new study by GOBankingRates...

GOBankingRates

How Far a $50K Salary Will Go in Every State

In many places, $50K a year will leave you short.

GOBankingRates

How Far a $100K Salary Will Go in Every State

A $100,000 salary, once seen as a sign of tremendous financial success, doesn't go as far these days. How far it goes varies widely depending on which state you live in.Find Out: I'm an Economist --...

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Here’s the Cheapest Grocery Store in Every State

Discover where to shop for the lowest grocery prices near you.

GOBankingRates

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The Real Value of $100 in Every State

While $100 may seem like it spends the same anywhere you go, that's not the case. That same amount of money goes much further in some states than others. Most people know you'll get a lot more for...

GOBankingRates

How Much Upper-Middle-Class Families Earn in Every State

See the lowest and highest income end across the nation.

GOBankingRates

How Much Upper-Class Families Earn in Your State

Is your household among the upper class?

GOBankingRates

How Long It Takes To Save for a Home in Every State

The dream of homeownership could be a few years, or a decade or more, out of a buyer's grasp -- depending on the state they want to buy a home in and the amount of money they do (or don't) already...

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How Far $1.5 Million in Retirement Savings Plus Social Security Goes in Your State

A common concern amongst many Americans is whether or not their retirement savings and Social Security benefits will provide them with financial security come retirement age.

GOBankingRates

How Does Your Disposable Income Compare to the Average in Your State?

According to the 50/30/20 budgeting rule, you should be able to set aside 30% of your income for "wants." But for many Americans, that's far from reality. In some states, the average person barely has...

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