by Kevin Schofield
There’s an old adage: “Money can’t buy happiness.” Unlike most sayings, this is one researchers can try to verify — and they have, though with conflicting results. This weekend’s read is an attempt to resolve that conflict.
Continue reading Weekend Reads | Income and Emotional Well-Beingby Kevin Schofield
This week’s “long read” is a research report from the Economic Innovation Group looking at Americans’ different sources of income and in particular focusing on the one most closely tied to wealth: income from assets.
The report categorizes income into three types: “transfers” such as Social Security, Medicare, unemployment insurance, and food stamps; wages and earnings; and income from assets. An asset can be a financial investment such as stocks and bonds, but it can also be the housing that a landlord rents out, an apple orchard generating produce, or a manufacturing plant used to create goods.
Over the past fifty years, there has been a steady shift in the sources of personal income from Americans. In 1969, 77% of income was from wages and earnings; as of 2019, it was only 63%. Income from assets, however, has grown from 15% to 20%.
Continue reading Weekend Long Reads: Asset IncomeThe Morning Update Show — hosted by Trae Holiday and The Big O (Omari Salisbury) — is the only weekday news and information livestream that delivers culturally relevant content to the Pacific Northwest’s urban audience. Omari and Trae analyze the day’s local and national headlines as well as melanin magic in our community. Watch live every weekday at 11 a.m. on any of the following channels, hosted by Converge Media: YouTube, Twitch, Facebook, Periscope, and whereweconverge.com.
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Continue reading The Morning Update Show — 5/26/21
