Finance Visualizations

Which U.S. Counties Are the Most Generous?

Published

on

The United States is consistently recognized for its charitable spirit, often ranking highly on the World Giving Index by the Charities Aid Foundation. Americans are undeniably enthusiastic about supporting causes and helping others. Recently, Harmony and Healing conducted a study to identify which U.S. counties are the most charitable.

Click below to zoom.

What Are the Most Charitable Counties in the United States?

Using IRS tax data, the researchers analyzed income and charitable contributions, focusing on the percentage of income donated. This approach allowed them to spotlight the counties with the most generous residents.

Leading the list is Benton County, Arkansas, where residents donate an impressive 15.56% of their income. On average, this equals $29.41 per person. Researchers believe this high level of generosity is influenced by the Walmart headquarters located in the county. With Walmart employing nearly half of Benton County’s residents, the company’s philanthropic culture may inspire local giving habits.

New York County, home to Manhattan, comes in second. Known for its wealth and festive spirit, especially during the holiday season, the area’s residents seem inspired to give back. The combination of high incomes and a culture of holiday cheer likely contributes to its ranking.

Third place goes to San Mateo County in California. Notably, this county is among several in the state to make the top ten, suggesting Californians are particularly committed to charitable giving.

This study highlights how location, culture, and economic factors can shape generosity across the United States, showcasing the varied ways Americans support their communities.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business Visualizations

Chart Visualizes the Price of the Ford Mustang Every Year Since Debut

Published

on

The Ford Mustang is a legendary American muscle car that symbolizes the culture of open-road freedom. The Ford Motor Company designed the vehicle to embody the European sports car, but with a price point that’s more attainable for middle-class Americans. The idea was a massive success. The first Mustang debuted in 1964, and the Mustang enjoys a legacy and loyal fans to this day. The team at Speedway Motors celebrates the Mustang with an illustrated graphic depicting each Mustang iteration, along with the price at release and the price adjusted for inflation.

Click below to zoom.

The Price of a Mustang Every Year Since 1964, Adjusted for Inflation

Through this detailed and illustrated chart, we can see the evolution of this vehicle. The first Mustang Hardtop was priced at $2,368, which is $24,3444 in today’s market, emphasizing its affordability in the world of muscle cars. While the Mustang was a gamble, it proved to be a phenomenon and sold over 100,000 cars in its first four months. The Mustangs’ popularity persisted throughout the ‘60s, and Ford focused on improved performance and power, which meant prices rose. This trend continued until the early ‘70s gas crisis when Ford had to adjust to new consumer demands for better fuel mileage. They designed the Mustang II with a smaller chassis and less muscle to adjust to the changes in the economy.

The Mustang’s popularity hit a dip in the early ‘80s, and the Camaro almost outsold it. Ford innovated and adjusted again with the release of the Fox Mustang, designed to be versatile as a day-to-day muscle car. As technology advanced into the ‘90s, Ford introduced popular new features like a V8 engine and SN-95 chassis, which we can see featured in the Mustang GT.

Today’s Mustang is loaded with the most innovative features, designed for performance and comfort. The current model is the Dark Horse Premium, which sells for $69,375. While it’s a flashy and popular car, it lacks some of the performance boosts of past models, yet the price is high.

The Mustangs’ prices have risen a lot over the decades, for several key reasons besides inflation. First, safety standards have increased with innovative technology making drivers safer. Some safety features are required, while others are sought-after bonuses that drivers are looking for. A key aspect of a muscle car is the power and performance. Modern technology advances the performance of the vehicle, but that engineering comes at a higher price point. Material costs have advanced as well, from labor to raw materials. Cars, in general, are now more expensive to build.

The team’s chart is a true testament to the power of visual data. Through the images and price points, we can see changes in the Mustang reflecting cultural and economic shifts, creating a fascinating timeline of an icon among automobiles. Do you have a favorite Mustang model? What do you think about the price changes over time?

Continue Reading

Charts

Study Examines What Americans Spend the Most Money On

Published

on

As the economy shifts, we can see changes in consumer spending habits, as reflected in this Qualtrics study, which reveals what Americans spend the most money on. These insights show us what Americans prioritize and how much flexible spending money they have available for non-essentials. Using data from the U.S. Bureau of Labor Statistics, the team created a chart breaking down spending by category and then a further breakdown of spending categories by income bracket.

Click below to zoom.

What Do Americans Spend the Most on Each Year?

According to the data collected, Americans spend around $77,280 per year. This spending was divided into these categories, ranked by the amount spent on each.

  1. Housing – $25,436 (32.9% of total annual expenses)
  2. Transportation – $13,174 (17% of total annual expenses)
  3. Food – $9,985 (12.9% of total annual expenses)
  4. Personal insurance and pensions – $9,556 (12.4% of total annual expenses)
  5. Healthcare – $6,159 (8% of total annual expenses)
  6. Utilities, fuels, and public services – $4,625 (6% of total annual expenses)
  7. Entertainment – $3,635 (4.7% of total annual expenses)
  8. Household furnishings and equipment – $2,508 (3.2% of total annual expenses)
  9. Apparel and services – $2,041 (2.6% of total annual expenses)
  10. Personal care products and services – $950 (1.2% of total annual expenses)
  11. Alcoholic beverages – $637 (0.8% of total annual expenses)
  12. Tobacco products and smoking supplies – $370 (0.5% of total annual expenses)

Across income categories, Americans spent the most money on housing, which comes as no surprise. Housing costs and mortgage interest rates have been on the rise since 2020 in response to a shortage in housing stock. That means Americans must spend more if they dream of home ownership. The team’s data takes rent into account as well.

Many people also spent a lot on transportation. This is due to a combination of rising fuel costs leading to higher vehicle prices, as well as parts shortages that affected vehicle stock and prices. Another necessity takes number three on the list. According to the data, Americans are spending $1,174 a month on groceries. Grocery prices have dominated newsfeeds for the past few years. We all need food to survive, so seeing this item so far up the list is no surprise.

With so much uncertainty in the world, it seems Americans are investing heavily in insurance and pensions. The data shows that the more money someone makes, the more they spend on insurance, which makes sense as they need to protect expensive assets. Insurance can help offset unforeseen costs and protect investments. Unfortunately, this insurance spending is shared with high healthcare spending as well. Americans spend more than most citizens of other wealthy nations. As the cost of living has increased, so have health insurance premiums. Healthcare spending not only includes health insurance, but also co-pays, medical supplies, and surprise bills.

We live in an era full of strange relationships with money and wealth. Many Gen Z Americans state feeling “pressured” to show off wealth and luxury on social media, while 41% of Americans don’t feel they’re financially secure. Despite rising expenses, Americans still enjoy shopping, with many of them choosing to go shopping as a treat once a month. Gen Z cites boredom as their number one reason for spending money. Even so, 73% say they are willing to cut back on their daily spending to save for longer-term goals. It seems that although prices are rising, many Americans, particularly younger ones, are still willing to spend on a variety of areas.

 

Continue Reading

Business Visualizations

Billionaires Who Built Up from Small Businesses

Published

on

The world of entrepreneurship loves the tale of a small business startup that grew into a billion-dollar business. The team at Ooma illustrated the biggest names in this world of billionaires with a timeline showing how long it took them to reach their status from a small business start-up to a billion-dollar milestone.

Click below to zoom.

Billionaires who started as small business owners and how long it took to get there

The graphic features 28 billionaires who built up from a small business. All names were pulled from the Forbes 400 list. While the graphic is stuffed full of details, the most fascinating is the measure of how many years they needed to become billionaires.

The first person to achieve the “self-made” billionaire status was John D. Rockefeller in 1916. The oil tycoon rode the wave of the industrial era to billionaire status. Today, there are almost 3,000 billionaires worldwide. The U.S. is home to the highest number, at 813 billionaires. We can see an industry trend in this graphic, which is that tech dominates. This is no surprise. As Rockefeller benefited from the need for oil, how we worked and what we produced changed completely, and tech has changed every aspect of our lives, so it’s no surprise that these entrepreneurs have reaped the rewards.

Notable examples are Bill Gates, founder of Microsoft, who led the way in introducing the personal computer to the general public. Warren Buffett took a different approach. He grew wealth by investing wisely in assets. Elon Musk started his first business with Zip2 in the early days of the Internet.

The Billionaire Journeys

The chart shows us that it took different people vastly different amounts of time to reach their status. Bezos and Zuckerberg were the fastest, becoming billionaires in just four years. Others like Donald Bern and John Menard Jr. had a slow build that took 43 years. Many people land somewhere in between these extremes, emphasizing that successful entrepreneurship takes dedication and persistence. We also see on that chart that there is only one woman, Diane Hendricks. This suggests that entrepreneurship and business are still rife with bias.

The Journeys of the Top 10 Billionaires

This is how long the wealthiest billionaires took to hit their status:

  • Jeff Bezos: 4 years
  • Mark Zuckerberg: 4 years
  • Jan Koum: 5 years
  • Larry Page: 6 years
  • Sergey Brin: 6 years
  • Henry Samueli: 9 years
  • Bill Gates: 12 years
  • Michael Dell: 12 years
  • Steve Cohen: 12 years
  • David Tepper: 13 years

Many people on this list transformed their industries, showing that successful entrepreneurs are creative and innovative. They show us that entrepreneurs should look for emerging trends in their industry, leverage new technology, and make strong investments. While a lot depends on love, it’s clear that persistence is key. The list gives us an idea of what kind of industries people can generate billion-dollar businesses in and how long it might take to get there. This chart is a great introduction to these business pioneers, and many of these billionaires have published books and given out advice on how they made their businesses a success.

 

Continue Reading


Advertisement

Trending