America’s wealthiest (and poorest) states

26-Sep-2010

I like this.

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Mr. Gao co-found and became the CFO at Oxstones Capital Management. Mr. Gao currently serves as a director of Livedeal (Nasdaq: LIVE) and has served as a member of the Audit Committee of Livedeal since January 2012. Prior to establishing Oxstones Capital Management, from June 2008 until July 2010, Mr. Gao was a product owner at Procter and Gamble for its consolidation system and was responsible for the Procter and Gamble’s financial report consolidation process. From May 2007 to May 2008, Mr. Gao was a financial analyst at the Internal Revenue Service’s CFO division. Mr. Gao has a dual major Bachelor of Science degree in Computer Science and Economics from University of Maryland, and an M.B.A. specializing in finance and accounting from Georgetown University’s McDonough School of Business.







interesting article on income of US.  A Mississippian earning $38k can live as well as New yorker with salary of 93k.

“America’s wealthiest (and poorest) states

Les Christie, staff writer, On Thursday September 16, 2010, 5:52 pm EDT

New Hampshire is the state with the highest median income in the nation, according to a new U.S. Census Bureau report.

The median household income in New Hampshire averaged a cool $65,028 annually over the past two years.

In Mississippi, the average household earned a median of just $35,693 per year in 2008 and 2009, 45% less than New Hampshire households and the lowest income of any state.

Not surprisingly, it also had the highest poverty rate, with one in five households living under the poverty line.

Those statistics, released Thursday, also indicate that four of the wealthiest states were located in the Northeast and, along with Maryland and Virginia, form a tight cluster of wealth.

New Jersey had the second highest average median income, at $64,918 and Connecticut ($64,644) the third.

The South had nine of the lowest median income states with Arkansas ($37,987) and West Virginia ($39,170) closely trailing Mississippi.

Only 12 states, plus the District of Columbia, recorded income gains compared with their 2006 and 2007 averages.

Utah ran up the biggest score, $3,651 per household, a 6.4% improvement. North Dakota had the biggest percent rise, 7.6% to $49,759.

The nation’s biggest loser was Hawaii, where median income plunged $6,811 to $58,469 during the two-year period. The loss lowered its ranking four places to ninth.

But Georgia’s whopping 13.1% loss of $6,710 to $44,696, made it the biggest loser.

None of these statistics reflect regional or local cost differences, which can be immense. A $50,000 salary in Manchester N.H., for instance, is roughly equivalent to one of $38,000 in Tupelo, Miss.

A Mississippian earning $38,000 can live about as well as a New Yorker in pricey Manhattan with a salary of more than $93,000.”


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