ProFolio

Here is a breakdown on where the typical paycheck goes: taxes 20%, insurance 12%, transportation 19%, housing 30%, utilities 6% and personal 13%. Personal includes food, clothing and other expenses. Use the ProFolio Budget Calculator to see where your paycheck goes. 1) https://www.nerdwallet.com/blog/insurance/where-people-pay-most-least-for-homeowners-health-auto-life-insurance-2015/ 2) https://www.fhwa.dot.gov/livability/fact_sheets/transandhousing.cfm 3) http://genxfinanc

For an even broader understanding of economic trends, we can can go back even further. Adam Smith is widely considered to be the father of modern economics. He wrote his signature work, "An Inquiry into the Nature and Causes of the Wealth of Nations" or simply "Wealth of Nations" in 1776 where he described how rational self interest and competition can lead to prosperity. He describes how an individual working to produce what is of the greatest value and intending only his o

Investors look to share in economic growth. In order to understand where the economy may be going, it is useful to understand where it has been.A simple chart of real GDP shows vast growth in Gross Domestic Product - which is a measure of the total dollar value of all the goods and services produced in the United States in a given year. GDP is a growth function in that the current growth is on top of all the growth that occurred in the past. Growth in some goods and service