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This is an interesting chart from Bloomberg showing the most affluent metropolitan areas in the US in 1949. As you can see, at the top of this list is Detroit, followed by mostly older industrial centers.
Now here's the list today:
It's largely a different list; but importantly, it's not an entirely new list. San Francisco was a wealthy city in 1949 and it remains one of the wealthiest today. But could that be changing? Given the city's current challenges, some are questioning whether it might end up as another Detroit.
I don't see that happening. And for what it's worth, here's evidence of nearly 75 years of resiliency.
Images: Bloomberg
I just came across this chart from Axios, which relies on data from the Federal Reserve Bank of St. Louis and the Kaiser Family Foundation. It compares median household income against the average cost of employer health insurance (in the United States).
What it is saying is that, after adjusting for inflation, the median household income has only increased by 2% from 1999 to 2017, whereas employer health insurance costs have increased by some 121% over this same time period.
The takeaway: Rising healthcare costs are believed to be eating away at take-home pay in the US. As of 2017, health insurance costs were estimated to represent about 30% of the average household income. That feels like a big number to me.
This is an interesting chart from Bloomberg showing the most affluent metropolitan areas in the US in 1949. As you can see, at the top of this list is Detroit, followed by mostly older industrial centers.
Now here's the list today:
It's largely a different list; but importantly, it's not an entirely new list. San Francisco was a wealthy city in 1949 and it remains one of the wealthiest today. But could that be changing? Given the city's current challenges, some are questioning whether it might end up as another Detroit.
I don't see that happening. And for what it's worth, here's evidence of nearly 75 years of resiliency.
Images: Bloomberg
I just came across this chart from Axios, which relies on data from the Federal Reserve Bank of St. Louis and the Kaiser Family Foundation. It compares median household income against the average cost of employer health insurance (in the United States).
What it is saying is that, after adjusting for inflation, the median household income has only increased by 2% from 1999 to 2017, whereas employer health insurance costs have increased by some 121% over this same time period.
The takeaway: Rising healthcare costs are believed to be eating away at take-home pay in the US. As of 2017, health insurance costs were estimated to represent about 30% of the average household income. That feels like a big number to me.
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