Fun and/or Interesting
About Race and Income
The average income for White households in the US is $72,000 a year. That is 35% higher than American households that identify as Latino, and 70% higher than African American households.
But White households are not at the top of the ladder. Asian Americans make about 25% more than that, at $98,000 a year.
Another Step Closer to the Digital Dollar
Longtime readers know I’ve been predicting that the US will adopt a digital dollar that will ultimately replace our paper currency. And (as I noted on Feb. 3) the first step was taken on Jan. 19 with the Fed’s announcement that it was “opening a review to determine the feasibility of having a US digital dollar.”
The second step was taken last Wednesday, when President Biden issued an executive order on cryptocurrencies. Among other things, the order directed several government agencies to examine the risks and benefits of digital assets and develop a strategy for the use of digital dollars. Click here.