household income
U.S. poverty rises to highest level in decadesPosted by RJ and Makay on Sep 14, 2011 |
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The nation’s poverty rate increased to 15.1% of the population in 2010, up from 14.3% in 2009 and 12.5% in 2007, according to the latest Census Bureau report released Tuesday. 46.2 million people now live below the poverty line as represented by an annual income of $22,314 for a family of four. On a percentage basis, the current numbers tied the 1993 level and are the highest since 1983.
Exchange traded funds (ETFs) are attracting wealthier, younger and more engaged investors than their mutual fund counterparts, according to a new joint study by Cerulli Associates and the Investment Company Institute (ICI). Advisors, for the most part, are not using a lot of ETFs, but investors who utilize them tend to represent the ideal advisor client.
