How many people follow the mortgage to income rule of thumb?

By | March 18, 2017

There’s a famous rule of thumb which states that you should not spend more than 28% of your monthly income on a housing payment (typically including taxes and insurance). So how many people actually follow this rule of thumb? Quite a few, although it does vary across different demographics. The data for these charts comes from the American… Read More »

California home insurers ranked by consumer complaints

By | March 10, 2017

As a follow up to my previous post about auto insurance companies in California, presented here is a look at the volume of complaints across the largest home insurers operating in the state. Once again, the ratio is calculated as the number of complaints per 100k insured homes. All data comes from an annual report… Read More »

Largest auto insurers ranked by number of consumer complaints

By | March 9, 2017

Updated 3/11/2017 – First chart now reflects holding companies.Today we will be looking at some interesting data from the California Department of Insurance. Specifically, the justified complaint ratio across the largest auto insurers in California. Every year, the department publishes a statistical summary of all non-frivolous consumer complaints attached to the largest insurance companies operating in… Read More »

Median net worth from 1989 to 2013, how do you compare?

By | March 7, 2017

For those curious about the impact that the financial crisis of ’07/’08 had on families’ net worth, here’s a quick chart showing the median net worth from 1989 to 2013 across several age groups (all figures are in 2013 dollars). The data comes from the Survey of Consumer Finances which is available to all at the official Fed website.What… Read More »

Why do people save – 1989 and 2013

By | March 6, 2017

Today we’ll compare the reason that respondents to the Survey of Consumer Finances gave as most important for their families’ saving, between 1989 and 2013. What was the largest change over the years? Retirement. (Liquidity actually remains the overall most popular reason for families’ saving.)In 1989, there were far more employer sponsored pension plans available to workers than there… Read More »

What’s going on with education debt?

By | March 5, 2017

Reading the triennial Survey of Consumer Finances published by the Fed, something really worrisome starts to emerge from the results. Education debt has grown at a remarkable pace over the last 27 years. Lets start by looking at the average amount of education debt for years 1989, 2001, and 2013 (all values are in 2013 dollars). The rise of education related… Read More »