Archive for the ‘Business Survey’ category

Economic Woes Cited By Parents of Home Bound Millennials

August 5, 2014

home-in-lifesaver-twoThis is a rather interesting study. The question that comes to mind that wasn’t addressed is it because that millennials are not making enough money to live on their own or is it that they don’t want to lower their standard of living to do so. For a more detailed look at this subject – please read the article below.

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Experts have surveyed the young generation again and again as to why they are staying with their parents, but now Fannie Mae has completed a survey of the parents they live with. As it turns out, more than half of them don’t mind their children living at home.

The National Housing Survey Topic Analysis segmented the millennial demographic into two ranges: the “younger” millennials aged 18 to 22, and the “older” crop aged 23 to 34. The results collected showed slight differences between the groups, but when asked if they would rather their children stay or move out, 68 percent of parents overall said “I prefer that they continue to live in my home.”

When asked why their children are staying home, the most common answer among parents of the younger crowd was that their children were saving money while still in school, representing 40 percent of responses.

The primary reason cited by 24 percent of parents for older millennials was “they do not have enough income to live in their own home,” a nod to the problems that this new group of adults face in relation to employment and low pay.

Other answers included the fact that the children were “not yet married,” which was chosen by 16 percent of older-group parents compared to 6 percent of younger-group parents; “we prefer to share the same house” (9 percent of parents among both groups); “they are saving money for the future” (more often selected by older-group parents at 11 percent); and “they are helping you to pay for the household expenses” (7 percent of older millennials compared to only 2 percent of the younger ones).

Among those millennials who stay with their parents because they are ill, the percentages were 2 percent for the younger segment and 3 percent for the older.

To read the complete article – please use the link below.

Home Bound Millennials

Pew: Impact of Mortgage Interest Tax Deduction Varies Geographically

May 4, 2013

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This article is a little confusing to me as it states that 25.5% and also 37% of all filers claimed the tax credit. Whichever percentage is correct I still found it lower than what I thought it would be. Please read the article below and let me know what you think.

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As debate continues to swirl around the future of the mortgage interest tax deduction, Pew Charitable Trusts released a study revealing the geographic impact of the tax deduction. The concentration of claims varies widely by state but is highest on the East Coast and in parts of the West, according to the study. States with the lowest claim rates are generally located in the South.

With 37 percent of all filers claiming the mortgage interest tax deduction, Maryland had the highest claim rate in the country, according to data from 2010. The lowest claim rate occurred in West Virginia and North Dakota, where 15 percent of filers claimed the deduction.

Across the nation, about 25.5 percent of tax filers claimed the mortgage interest tax deduction in 2010, according to Pew.

The amount claimed per tax filer—across those who claimed the deduction and those who did not—was also highest in Maryland, $4,580.

The lowest claim-per-filer took place in North Dakota—$1,192.

Pew also noted differences in distribution of the mortgage interest tax deduction within states. Often, residents in large metropolitan areas were more likely to claim the deduction than residents in less populated or more rural areas.

Texas demonstrated the greatest variance in claim rates and deduction amounts in one state. Austin, Texas, held both the highest claim rate and the highest deduction amount, which were four times and six times higher than the lowest rates recorded in the state.

On the other hand, in Pennsylvania, the state’s largest metro areas did not hold the highest concentration of claim rates. Pittsburgh “had relatively low claim rates” when compared to the less-populous York-Hanover area, according to the Pew study.

To read the complete article please use the link below.

Mortgage Interest Tax Deduction 

Business Owners Survey – Findings and Summary

September 20, 2012

The George Washington University Graduate School of Political Management and Thumbtack.com have conducted a one-month survey of over 6,000 small business owners nationwide. Both presidential campaigns claim to promote policies that benefit small businesses, but nobody has asked entrepreneurs themselves which policies are most important to their businesses. The George Washington-Thumbtack.com Small Business Politics Survey is the only survey investigating the political issues that matter most to small businesses themselves, drawing data from an extensive, nationwide universe of job creators and entrepreneurs.

“Small businesses are deeply attuned to the effect of politics on job creation and the economy,” said Dr. David Rehr, a lead researcher on the study with the George Washington University’s Graduate School of Political Management. “Entrepreneurs are feeling squeezed by the tight lending environment and want their political leaders to curb the influence of money in politics.”

Some of the key findings include:

1 – 40% of all small business owners nationwide rated the economy and jobs as the most important factor in their choice for president. Ethics, honesty, and corruption in government is the second-most important factor for small businesses.

2 – The federal budget deficit looms large in the mind of small businesses, ranking behind only unemployment and the job market in the most important economic issues that small businesses are considering in their choice for president.

3 – Small businesses rate gas and fuel costs as the single most burdensome cost to their businesses. And self-employment taxes were rated as more burdensome than even personal income taxes or health care costs.

4 – Taxes are not a decisive factor for small businesses in this election, with only 3% of small businesses rating it as the most important issue in their choice for president – outranking only foreign policy and national security issues. Even among economic issues, tax policy was the top concern for less than 6% of small businesses.

5 – 39% of small businesses say that President Obama is the most supportive candidate of small business, whereas only 31% say the same of Governor Romney. And 28% are still not sure which presidential candidate is more supportive of small business.

6 – Only one in five small businesses believe that President Obama’s health care policy helps their business, and two in five small businesses say the opposite.

7 – “Six thousand small business owners have told an unusually nuanced story about the factors that drive their political decisions,” said Sander Daniels, co-founder of Thumbtack.com. “When job creators speak, we need to listen.”

To see the complete survey please Click Here!

The full survey methodology and analysis is available, as are the anonymized raw data files in CSV format. Please contact Sander Daniels (sander.daniels@thumbtack.com) with questions or inquiries.

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