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☆ These 30 members of Congress are about to resume student-loan payments in October with millions of other federal borrowers
▼ + stars: | 2023-08-02 | by ( Ayelet Sheffey | Bryan Metzger | ) www.businessinsider.com time to read: +4 min

Monthly student loan payments are set to resume in October. At least 30 members of Congress have disclosed owing thousands of dollars in loans. "Just saw what my total monthly student loan payment is going to be after the pause ends... The disclosures also reveal that most of the lawmakers who still owe student loan debt are people of color, including 12 women of color. Borrowers can also apply for the SAVE Plan, a new income-driven repayment plan that will lower monthly payments.

Persons: Donald Trump, Joe Biden, Biden, Republicans —, Summer Lee of Pennsylvania, Lee Organizations: Lawmakers, Service, Education Department, —, Republicans, Democratic Rep, Twitter, Census, SAVE Locations: Wall, Silicon

"It seems like they do a lot to try to make it seem like they are the party for young Black men or Black men as a whole, but they don't back it with anything. The vast majority of Black voters, including men, are still expected to choose Biden over a Republican. Black men and women under the age of 50 voted Republican in similar numbers, the poll showed. A Reuters/Ipsos poll conducted July 11-17 found 18% of Black Americans would pick Trump over Biden in a hypothetical matchup, compared to 46% who favored Biden, including about one in four Black men, compared to about one in seven Black women. Compared with Black women, Black men were more likely to say they would back a presidential candidate that supported abortion restrictions and increased police funding to fight crime.

Persons: Joe Biden, Biden, lurch, Mekonnen, Biden's, I'm, LeLann Evans, Evans, Michael McDonald, Republican Donald Trump's, Trump, Terrance Woodbury, Woodbury, Julian Silas, Silas, Kamala Harris, Jaime Harrison, Harris, Tracy King, Andre Russell, Trevor Hunnicutt, Jarrett Renshaw, Jason Lange, Eric Cox, Heather Timmons, Alistair Bell Organizations: . Army, White House, Democratic Party, Democratic, White, Reuters, U.S, Republican, Black, Biden, Nashville City Council, Democrats, Pew Research, University of Florida, Republicans, HIT, Edison Research, Federal Reserve, Democratic National Committee, Culture, NAACP, Thomson Locations: Georgia, Black, South Carolina, Philadelphia, Atlanta , Milwaukee, Detroit, Pennsylvania , Michigan, Washington, Chicago, U.S, New Orleans

☆ Miami's population declined for the first time since the 1970s. Home prices are up 53% in the past three years.
▼ + stars: | 2023-08-01 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Miami-Dade County's population shrank between 2019 and 2022 — its first population loss since 1970. Between 2020 and 2022, almost 80,000 people left Miami-Dade county for other areas. Despite Florida's boom, which helped it become the fastest-growing state between 2021 and 2022, Miami-Dade County has been losing more residents than it's been gaining in recent years. Home prices in Miami have surged 53% since June 2020, the Journal reported, citing data from Zillow. The median home value for Miami-Dade County as a whole is now close to $490,000, up around 7% over the past year, according to Zillow.

Persons: it's, Louis Organizations: Miami, Dade, Service, Street Journal, Federal Reserve Bank of St, Brookings Institution, Census, Joint Center for Housing Studies, Harvard University, U.S . Census Bureau, Journal, Jacksonville — Locations: Miami, Wall, Silicon, Dade County, Florida, U.S, Ocala, Orlando, Tampa, Atlanta, Zillow

☆ Topline Results: July 2023 Times/Siena Poll of Registered Voters
▼ + stars: | 2023-08-01 | by ( ) www.nytimes.com time to read: +19 min

View the survey’s cross-tabs among registered voters and among the likely Republican primary electorate. [READ LIST](Asked of Democratic primary voters) What comes closest to how you would feel if Joe Biden were the Democratic nominee for president? MethodologyThe New York Times/Siena College poll of 1,329 registered voters nationwide, including an oversample of 818 registered Republican voters, was conducted in English and Spanish on cellular and landline telephones from July 23-27, 2023. Weighting — likely Republican primary electorateThe survey was separately weighted in multiple steps to match targets for the composition of the likely Republican primary electorate and to account for the self-reported turnout intention of respondents. Voters were considered potential Republican primary voters if one of three conditions were met:• They identified as Republican or leaned Republican on two questions about party identification.

Persons: Donald Trump, Joe Biden, Donald Trump's, Kamala Harris, Biden, Robert F, Kennedy Jr, Mike Pence, Tell, Ron DeSantis, Fielding, ReconMR, • Organizations: Republican, Siena College Research Institute, Democratic, Democratic Party, New York Times, Siena College, The New York Times, statehouse, Research, University of North, Institute of Policy, Roanoke College, The Times, Times, • Party, for Health Statistics, D.C, Democrat Locations: Dominican, Puerto Rican, America, U.S, American, United States, Ukraine, Siena, University of North Florida, •, Maryland , Delaware, Washington

☆ Businesses aren't acting like a recession is coming this year
▼ + stars: | 2023-07-30 | by ( Noah Sheidlower | Madison Hoff | ) www.businessinsider.com time to read: +7 min

Still, businesses aren't feeling too optimistic, with most still expecting a recession this year. However, big companies are hiring, businesses are expanding, and lots of entrepreneurs are filing to open new startups. This was partly due to consumers spending more and business investment being way up. The main measure of business investment in the GDP report is well above pre-pandemic levels, and shows no signs of slowing down ahead of a hypothetical recession. Businesses also aren't feeling too optimistic according to the National Federation of Independent Business' Small Business Optimism Index.

Persons: —, Gregory Daco, Daco, Jeffrey Roach, Jerome Powell, Powell Organizations: Service, Bureau, Infrastructure Investment, Jobs, US . Entrepreneurs, Economic Innovation Group, Economic, Nationwide, Edelman Data, Intelligence, National Federation of Independent Business, LPL, Federal Reserve, Fed Locations: Wall, Silicon

And yet, the industry is currently battling the highest level of unfilled job openings ever recorded. The construction industry averaged more than 390,000 job openings per month in 2022, the highest level on record, while unemployment in the sector of 4.6% was the second lowest on record. "Commercial construction materials prices are now 40% higher than they were back in February 2020. For construction workers, pay is boomingFor workers who seek construction jobs, the timing has never been better. "The construction industry is now paying 80% more than the average non-farm job in the United States."

Persons: Anirban Basu, Maria Davidson, Lori Ann Larocco, Davidson, it's, Michael Elder, Rucha Vankudre, It's, Brian Turmail, Turmail, doesn't, we've, Vankudre Organizations: Associated Builders and Contractors, ABC, MBTA, Boston Globe, General Contractors of America, . Census Locations: U.S, Boston, United States

☆ Households earning $200,000 or more are flocking to these 10 states—5 are in the South
▼ + stars: | 2023-07-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

In fact, just 12% of U.S. households earn $200,000 or more annually, according to Census Bureau data. Recently, even high-earning families seem to be flocking to lower-cost states, especially in the South. Florida lost 12,567 high-earning households during the same period, bringing its net migration to 27,567 households. Five of the 10 states that saw the largest net migration of high earners are in the South. Here's a look at the 10 most-popular states high earners flocked to between 2020 and 2021.

Persons: It's Organizations: Sunshine State, IRS Locations: U.S, Florida, Southern

☆ What are 'full-time children'? Young adults in China are rejecting the rat race and getting paid by their parents to do chores while living at home
▼ + stars: | 2023-07-28 | by ( Haley Tenore | ) www.businessinsider.com time to read: +5 min

Some young adults in China are opting to work as "full-time children" in place of traditional careers. Full-time children are often paid by their parents to run errands, clean, and prepare food. In China, however, young people are turning this idea on its head and staying at home, working as "full-time children." China's notoriously grueling 996 culture, which entails 72-hour workweeks, and difficulty finding employment are some of the main contributors to the "full-time children" movement. In China, there are even social media groups devoted to the "full-time children" trend.

Persons: China's, it's, Julie, Jia Zhang, Zhang, Litsky Li, Li Organizations: BBC, NBC News, CNN, Census Bureau, Karma Locations: China

☆ What are 'full-time children'? Young people in China are rejecting the rat race and getting paid by their parents to do chores while living at home
▼ + stars: | 2023-07-28 | by ( Haley Tenore | ) www.businessinsider.com time to read: +5 min

Persons: China's, it's, Julie, Jia Zhang, Zhang, Litsky Li, Li Organizations: BBC, NBC News, CNN, Census Bureau, Karma Locations: China

☆ The 10 most affordable places to live in the U.S.—none are in Florida
▼ + stars: | 2023-07-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

According to U.S. News and World Report, Hickory, North Carolina is the cheapest place to live in the U.S. This month, U.S. News and World Report released its ranking of the cities with the lowest cost of living, based on the median gross rent and annual housing costs for mortgage-paying homeowners. The average Hickory home value is $276,748, up 5.3% over the past year, according to Zillow's Home Value Index. Youngstown, Ohio is the second cheapest place to live in the U.S., according to U.S. News and World Report. Since 2010, new businesses have been popping up in its downtown, according to U.S. News and World Report.

Persons: it's, IN, TN Organizations: U.S . News, Black, U.S . Census Bureau, FBI, U.S . Department of Labor, Hickory, Hickory Furniture Mart, Huntsville, AL Fort Wayne, IL, . Census, Tri - State, Istock, Getty Locations: U.S, Hickory , North Carolina, Hickory , NC Hickory , North Carolina, Catawba County, Charlotte, Asheville, Hickory, North Carolina, Youngstown , Ohio, Hickory , NC Youngstown, Huntington, WV, Ashland , KY, IN Beaumont , TX Peoria, IL Green, , WI, IL Knoxville, Pittsburgh, Cleveland, Youngstown, Ashland , West Virginia , Kentucky, Ohio

☆ Record Heat Hits the Northeast
▼ + stars: | 2023-07-27 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

As dangerous heat spread to the most populous region in the U.S. today, spiking temperatures and a blanket of oppressive humidity prompted heat warnings in New England and the Mid-Atlantic states. July is on track to be the Earth’s hottest month on record. The sweltering weather has already made work dangerous for many people. Leisure time is also under pressure as camps have canceled outdoor activities and vacation plans are scrapped. After this summer’s heat wave ebbs, even hotter temperatures could lie ahead.

Organizations: New York Times, National Weather Service, Census Locations: U.S, New England

Dangerous heat that has scorched other parts of the country for more than a month spread to the nation’s most populous region on Thursday, with spiking temperatures and a blanket of oppressive humidity that prompted widespread heat warnings in New England and the Mid-Atlantic states. The heat will probably peak in the region on Friday, when about 118 million Americans, more than a third of the population, were expected to be in the “danger” zone, where the heat index — a measure that combines temperature and humidity — would rise into the 100s, according to a New York Times analysis of National Weather Service and U.S. Census Bureau data. That’s among the largest proportions of the U.S. population to be threatened at the same time by extreme heat so far this year. More than a dozen daily heat records could be set across the Northeast on Thursday and Friday, meteorologists said, with many of them likely to occur at night, when temperatures are unlikely to cool down as much as usual.

Organizations: New York Times, National Weather Service, Census Locations: New England

☆ Why Americans making over $200,000 are flocking to Idaho and Montana
▼ + stars: | 2023-07-27 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Those states saw high net migration among those earning above $200,000, meaning more are moving in than out. Florida is one of just nine states without an income tax, and the weather and business opportunities have been major pulls for Americans. Idaho has seen a particularly accelerated rate of high-earners moving to cities such as Boise and Meridian. Texas had the second-highest total net migration with around 9,000, followed by North Carolina at over 5,400. California had a net migration loss of over 27,300 high-earners, while New York had a loss of nearly 20,000.

Persons: Thursday's Organizations: Service, California . Idaho and, Meridian . Idaho, US, Economic Innovation Group Locations: Idaho , Montana, Florida, . California, New York, Wall, Silicon, California . Idaho, California . Idaho and Montana, . Idaho, Boise, Meridian, Texas, North Carolina, South Carolina , Tennessee, Georgia, California, Illinois , Massachusetts, New Jersey, Washington, Thursday's —, Bozeman, Billings

☆ New home sales dropped in June after May’s surge
▼ + stars: | 2023-07-26 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Homeowners with ultra-low mortgage rates are reluctant to sell and buy another home at a much higher mortgage rate. Sales of existing homes have been down for the past few months, while new home sales have been rising. This increase in mortgage rates cooled mortgage applications. New home sales boosted by low inventory of existing homesAlthough sales were down from May, the trajectory of new home sales is generally positive, said Kelly Mangold of RCLCO Real Estate Consulting. By comparison, the inventory of existing homes for sale at the end of June was only a little over 1 million homes.

Persons: Freddie Mac, Kelly Mangold, “ Buyers, ” Mangold, ”, George Ratiu, Charlotte , Organizations: DC CNN, US Department of Housing, Urban Development, Census, Real Estate Consulting, “, National Association of Realtors Locations: Washington, Houston, Dallas, Atlanta, Charlotte, Charlotte , North Carolina, Austin , Texas, Orlando , Florida, Southern

☆ The 10 U.S. places with the shortest average marriages—Texas is No. 3
▼ + stars: | 2023-07-25 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +1 min

In 2021, there were only four divorces for every 10 marriages in the U.S. — a drop of about 20%. Not all states report annual data to the CDC. In 2021, California, Hawaii, Indiana, Minnesota and New Mexico did not report divorces, and in 2000, California, Indiana, Louisiana and Oklahoma did not report divorces. New York comes in second for least amount of married people, with 66.29% of the population married. The state where the biggest portion of the population is married is Idaho, with 72.6% of people being hitched.

Organizations: CNBC, U.S . Centers for Disease Control, CDC, Census, Washington , D.C, . Census Bureau, Washington Locations: U.S, California, Hawaii , Indiana, Minnesota, New Mexico, California , Indiana , Louisiana, Oklahoma, Midwest, People, Utah, Washington ,, New York, Idaho

☆ The top 10 U.S. cities for retirees — No. 1 isn’t in Florida
▼ + stars: | 2023-07-23 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +3 min

Many cities in Florida remain popular retirement destinations, but a Pennsylvania city ranks as the best place to spend your post-work years. A second Pennsylvania city, state capital Harrisburg, is No. It's clear Pennsylvania and Florida dominate the top spots on the list of best places to retire. Florida doesn't tax income and Pennsylvania doesn't tax retirement pensions and distributions from 401(k)s, IRAs or Social Security, according to Kiplinger. Here are the top 10 U.S. cities for retirees, according to U.S. News & World Report:Lancaster, Pennsylvania Harrisburg, Pennsylvania Pensacola, Florida Tampa, Florida York, Pennsylvania Naples, Florida Daytona Beach, Florida Ann Arbor, Michigan Allentown, Pennsylvania Reading, PennsylvaniaWhile lists like these can be helpful while researching potential retirement locations, remember that everyone's ideal retirement is unique and shaped by different priorities.

Persons: Lancaster, Warren Buffett Organizations: U.S . News, U.S ., . News, U.S . Census, Tax Foundation, Louis Federal Reserve Bank, Pensacola, Security, Kiplinger Locations: Florida, Pennsylvania, Lancaster , Pennsylvania, U.S, Puerto Rico, Lancaster, Harrisburg, Lancaster , Pennsylvania Harrisburg , Pennsylvania Pensacola, Florida Tampa , Florida York, Pennsylvania Naples, Beach , Florida Ann Arbor , Michigan Allentown , Pennsylvania Reading

☆ Construction of new homes fell 8% in the US last month
▼ + stars: | 2023-07-19 | by ( Anna Bahney | ) edition.cnn.com time to read: +4 min

Builders are benefiting from the lack of existing homes for sale as owners hunker down, but higher mortgage rates pose a threat, said Odeta Kushi, deputy chief economist at First American Financial Corporation. Holding household income constant, the increase in mortgage rates reduced home-buying power by approximately $10,000, Kushi said. “There remains pent-up demand in the housing market, but higher rates put a strain on affordability,” said Kushi. Builders remain ‘cautiously optimistic’Builder confidence remains high despite concerns about rising rates. The National Association of Home Builders/Wells Fargo Housing Market Index gauges market conditions and looks at current sales, buyer traffic and the outlook for sales of new construction homes over the next six months.

Persons: ”, Robert Frick, “, it’s, Odeta Kushi, Freddie Mac, Kushi, Alicia Huey, Robert Dietz, Dietz Organizations: DC CNN, Housing, Census, Navy Federal Credit Union, First American Financial Corporation, National Association of Home Builders, NAHB, Federal Reserve, Builders Locations: Washington, Wells Fargo

☆ US new business applications hit two-year high in June
▼ + stars: | 2023-07-18 | by ( Safiyah Riddle | ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Applications to start new U.S. businesses surged to the highest level in two years in June, despite high interest rates and uncertain economic outlook, according to a Commerce Department report released on Monday. Business applications increased 6.2% in June compared with May with a seasonally adjusted 465,906 new applications. The data is collected from business applications for tax identification numbers. They slowed somewhat last year as the Federal Reserve kicked off aggressive interest rate hikes to lower inflation, but have been climbing again this year. The Census Bureau estimated that 32,148 new business startups with payroll tax liabilities will actually form within four quarters of application, a 4% increase compared to estimates from May.

Persons: Safiyah Riddle, Josie Kao Organizations: Commerce Department, Federal Reserve, Census Bureau, Thomson Locations: U.S

☆ Homebuilder sentiment rises again in July, but builders warn higher mortgage rates are hurting
▼ + stars: | 2023-07-18 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Builder sentiment in the market for single-family homes rose 1 point in July to 56, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Builders say low supply in the resale market is driving demand for new construction, but higher mortgage rates and supply-side challenges continue to put pressure on the market. The average rate on the popular 30-year fixed mortgage crossed over 7% briefly in May and then again at the end of June. Those higher rates are straining affordability in the market, where prices for existing homes are rising yet again. Despite higher mortgage rates, however, builders are using fewer incentives.

Persons: Robert Dietz, NAHB's Organizations: National Association of Home Builders, Federal Reserve, . Census Locations: Wells Fargo

☆ The 15 best US cities for renters right now, ranked by incomes, rents, and quality of life
▼ + stars: | 2023-07-18 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Personal finance company Wallethub ranked the best places to rent in the US in 2023. It weighed factors like rents, job opportunities, and quality of life in more than 180 markets. A new report from Wallethub identifies where renters can get the maximum bang for their buck this year. "We looked at two things here: rental market affordability and quality of life. So when you're actually looking at rental affordability, that is calculated not only by sheer rent, but then dividing that by median annual household income.

Persons: Jill Gonzalez, Gonzalez Organizations: Wallethub, Service, Census Bureau, Cities aren't, San Francisco Locations: California, Arizona, Kansas, Wall, Silicon, Golden City, Francisco, There's

☆ US heatwave: high temperatures forecast, northeast braces for rain
▼ + stars: | 2023-07-16 | by ( Brad Brooks | ) www.reuters.com time to read: +3 min

[1/6] Agricultural worker Ernesto Hernandez takes a water break while enduring high temperatures in a tomato field, as a heat wave affects the region near Winters, California, U.S. July 13, 2023. The heat warnings spread from the Pacific northwest, down through California, through the Southwest and into the Deep South and Florida. Temperatures of over 115 Fahrenheit (46 Celsius) are forecast for areas of southern California's high desert, along with Arizona and Nevada. The NWS said widespread record-breaking high temperatures are likely to be recorded across the Southwest, in the western Gulf Coast and also in south Florida. "The combination of sizzling temperatures and oppressively high dew points will result in sultry heat throughout theSouth into the upcoming week," the NWS wrote.

Persons: Ernesto Hernandez, Loren Elliott, Brad Brooks, Josie Kao Organizations: REUTERS, National Weather Service, NWS, U.S . Census, Weather Service, Thomson Locations: Winters , California, U.S, New England, California, Florida, Arizona, Nevada, Gulf Coast, Pacific, New York, Boston, Philadelphia, Upper Makefield Township, Pennsylvania, Vermont, Montpelier, Mississippi, Texas, Arkansas, Louisiana, Gulf, Lubbock , Texas

☆ US weather: flash floods in the northeast, heatwave intensifies
▼ + stars: | 2023-07-16 | by ( Brad Brooks | ) www.reuters.com time to read: +4 min

The NWS said the northeast could experience impassable roadways, tornadoes and even mudslides in some areas of higher terrain. Flooding inundated the northeast in recent days, with Vermont in particular reporting catastrophic flooding in its capital Montpelier, which is under a flash flood warning again on Sunday. HEAT WARNINGS FOR A QUARTER OF AMERICANS[1/10]A man takes picture of a digital sign displaying the high temperature, in Death Valley, California, U.S. July 15, 2023. REUTERS/Jorge GarciaThe heat warnings spread from the Pacific northwest, down through California, through the Southwest and into the Deep South and Florida. The NWS said widespread record-breaking high temperatures are likely to be recorded across the Southwest, in the western Gulf Coast and also in south Florida.

Persons: Kathy Hochul, Jorge Garcia, Brad Brooks, Josie Kao Organizations: National Weather Service, NWS, Sunday, REUTERS, U.S . Census, Thomson Locations: England, New England, New York, Boston, Philadelphia, Upper Makefield Township, Pennsylvania, Vermont, Montpelier, Mississippi, Texas, Arkansas, Louisiana, Gulf, Death Valley , California, U.S, California, Florida, Arizona, Nevada, Gulf Coast, Pacific, Lubbock , Texas

☆ What China's resilient big spenders are buying and the stocks that benefit
▼ + stars: | 2023-07-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

That's approximately how large China's "premium" consumer population is – and it's a "huge" opportunity for higher-end sportswear by foreign companies, according to Bernstein. By U.S. standards, it doesn't take much to be considered premium in China. Adidas and Nike are like Benz, BMW, the highest end, he said, while the other brands are like Audi or Toyota. For Nike and Adidas, even their lowest price is two times that of local competitors, the Bernstein analysts said. However, focusing only on the premium growth segment can overlook the fact that many of China's consumers still live in smaller cities.

Persons: Bernstein, Aneesha Sherman, Li Ning, Irving, Miao Kun, –, Hoka, — CNBC's Michael Bloom Organizations: . Census, Anta Sports, Wednesday, basketball, Adidas, Nike, Benz, BMW, Audi, Toyota, Management, P Locations: China, That's, U.S, Hong Kong, Beijing, Thursday's, Germany, eyeing, Shanghai, Chengdu

☆ These are the 3 best markets for long-distance real-estate investors to capitalize on both strong cash flows and property value appreciation, according to an expert who's written multiple books on inv
▼ + stars: | 2023-07-14 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

David Greene says Alabama, Southern Georgia, and Northern Florida are ripe markets for appreciation. I do think appreciation is likely to be experienced later because of the increasing population that's moving there," Greene said on the podcast. According to Census Bureau data compiled by the National Association of Realtors, Florida's population grew the most in absolute terms out of any US state in 2022, while Georgia grew the sixth-most and Alabama grew the ninth-most. Cities they found where the population grew above 6% last year include Ocala, Florida; Tallahassee, Florida; Savannah, Georgia; and Deltona, Florida. National Association of RealtorsData also shows that median home prices in Alabama, Georgia, and Florida are cheaper than the national median of $436,800.

Persons: David Greene, bullish, Greene, Southern Georgia Daniela Duncan, Austin Organizations: Alabama, Florida Bown Media, Getty, National Association of Realtors, NAR, US Postal Service, National Association of Realtors Data, Rocket Mortgage Locations: Alabama, Southern Georgia, Northern Florida, Phoenix, Nashville, Austin, Alabama Montgomery , Alabama, Northern Florida Pensacola, Florida, New York, New Jersey, Birmingham, Bentonville , Arkansas, Florida's, Georgia, Ocala , Florida, Tallahassee , Florida, Savannah , Georgia, Deltona , Florida, Alabama , Georgia

You need to earn $952,902 to be in the top 1% of earners in Connecticut, per a new SmartAsset study. But in West Virginia, which has much higher levels of poverty, this is just $374,712. In West Virginia, by comparison, you need just $374,712. West Virginia, which has one of the lowest median state incomes, comes bottom in the ranking. Mississippi, New Mexico, Kentucky, and Arkansas join West Virginia to make up the five states with the lowest income needed to make the top 1%.

Organizations: Washington, Bureau of Labor Statistics, Department of Health and Social Services . Locations: Connecticut, West Virginia, Connecticut , Massachusetts, California , New Jersey, Department of Health and Social Services . Connecticut, Massachusetts , California , New Jersey, Washington, Mississippi, New Mexico , Kentucky, Arkansas

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