Connect with us

South-Carolina

How much money do you need to make to be in the top 5% in South Carolina?

Published

on

How much money do you need to make to be in the top 5% in South Carolina?


(NEXSTAR) – The disparity between the income that an average U.S. resident brings in yearly compared to those sitting at the top of earners in each state has always been a major topic of discussion.

In fact, WalletHub states that “the highest-earning 10% of individuals in the United States earn over 12 times more than those in the lowest-earning 10%, based on the latest Census data.”

And while looking up what the “average salary” is across the country, ($74,600, according to the latest data from the Federal Reserve), appears to give a solid idea of how far off most Americans are from the 5% club, a closer look at the high-end salaries reveals that the disparity is even more stark.

WalletHub broke down the income of all 50 U.S. states and Washington D.C into three different groups: the average annual income of the top 5%, the average for the bottom 20%, and the median for all of each state’s residents.

Advertisement

Landing at No. 1 was New York where the top 5% makes about $553,000 a year. That’s almost $35,000 more than the next two highest states and nearly $100,000 more than the 10th-ranked state.

While the top 5% is thriving in the Empire State, its bottom 20% is falling well short, ranking 44th in salary with $13,301.

Right behind New York is Connecticut and Virginia where the average is about $518,000 apiece. Followed by New Jersey and Illinois which are both hovering around $505,000.

The state with the lowest top 5% threshold is Alaska, where earning roughly $321,000 will get you into the club. Hawaii and Vermont aren’t far behind where the top 5% makes about $334,000.

Check out what you need to make in your state:

Advertisement
Rank State Average Annual Income of Top 5% Median Annual Income Average Annual Income of Bottom 20%
1 New York $553,436 $91,366 $13,301
2 Connecticut $518,757 $114,156 $14,576
3 Virginia $518,296 $89,393 $18,694
4 New Jersey $505,621 $117,847 $16,445
5 Illinois $504,800 $78,304 $16,192
6 Georgia $487,870 $66,612 $16,472
7 Texas $481,483 $70,513 $16,802
8 Washington $474,067 $103,748 $18,223
9 Florida $470,308 $68,818 $15,375
10 Massachusetts $466,208 $127,760 $13,689
11 Minnesota $464,981 $86,364 $19,797
12 Colorado $456,603 $97,301 $18,451
13 California $454,829 $123,988 $13,949
14 Tennessee $453,539 $59,077 $15,679
15 District of Columbia $450,892 $162,265 $9,011
16 North Carolina $450,592 $63,025 $15,836
17 Utah $448,195 $89,786 $22,491
18 Michigan $446,114 $62,446 $17,019
19 Missouri $446,069 $59,715 $16,821
20 Pennsylvania $445,261 $74,711 $15,801
21 Ohio $436,922 $61,904 $16,188
22 Maryland $427,135 $124,693 $16,647
23 Arizona $424,913 $74,375 $16,604
24 Kansas $423,517 $68,489 $17,176
25 Nebraska $416,325 $72,384 $17,380
26 Arkansas $416,224 $51,032 $14,069
27 South Carolina $412,771 $62,909 $13,996
28 Kentucky $411,897 $55,629 $13,800
29 Oklahoma $405,113 $57,215 $15,205
30 Idaho $403,737 $70,041 $18,372
31 Delaware $402,989 $87,173 $16,930
32 Wisconsin $402,256 $72,602 $17,973
33 Nevada $401,062 $80,366 $14,472
34 New Hampshire $400,343 $110,205 $18,075
35 Indiana $399,270 $64,170 $16,670
36 Alabama $398,584 $55,480 $13,242
37 Montana $395,720 $68,937 $15,337
38 Louisiana $395,155 $56,282 $11,504
39 Iowa $395,093 $68,974 $17,621
40 South Dakota $393,809 $69,266 $17,252
41 North Dakota $387,548 $79,874 $15,661
42 Wyoming $387,280 $76,307 $16,199
43 Oregon $377,399 $91,100 $14,720
44 Mississippi $377,040 $46,880 $12,168
45 Rhode Island $353,721 $104,252 $12,668
46 New Mexico $351,972 $58,911 $11,944
47 West Virginia $345,239 $52,719 $12,477
48 Maine $338,866 $79,800 $13,749
49 Vermont $334,470 $89,695 $14,477
50 Hawaii $334,369 $141,832 $14,014
51 Alaska $321,634 $113,934 $15,646
(Credit: WalletHub)

As for what state’s residents make the most money on average, Washington D.C. finished with the highest median income of $162,265. Unfortunately, D.C. also finished with the lowest salary for the average annual income of the bottom 20%, with $9,011.

Other states that had a high median income were Hawaii ($141,832), Massachusetts ($127,760), Maryland ($124,693), and California ($123,988).

These states with a smaller gap between the average earner and the top 5% make it easier to make the jump, but it’s still difficult.

According to GoBankingRates, it will take a variety of factors to make that jump. First, you need a steady increase in income. This could mean you are making better financial decisions, investing wisely, or perhaps experiencing career advancements.

Another factor is maybe having a solid investment strategy, look to see that you are getting positive returns on your investment and that you have a well-diversified portfolio.

Advertisement

Finally, prioritize your long-term financial stability. Look to prioritize saving over short-term pleasures.

And if you’re looking to go even higher than the top 5%, Forbes found that to be one of the top 1% of earners in the U.S., you need to bring in an annual salary of at least $597,815, so start saving up!



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

South-Carolina

South Carolina’s Dawn Staley to receive Jimmy V Award for Perseverance at 2024 ESPYS

Published

on

South Carolina’s Dawn Staley to receive Jimmy V Award for Perseverance at 2024 ESPYS


play

COLUMBIA — ESPN revealed Thursday that South Carolina women’s basketball coach Dawn Staley will receive one of the highest honors at the 2024 ESPY Awards on July 11 (ABC, 8 p.m. ET).

Staley will receive the Jimmy V Award for Perseverance and she is the first woman to receive the award alone since the inaugural award in 2007, when Kay Yow was honored.

Advertisement

Yow was a basketball coach at NC State who led the Wolfpack to the NCAA Tournament after breast cancer chemotherapy before she died in 2009.

Staley’s sister, Tracey Underwood, and her friend and former assistant coach, Nikki McCray-Penson, were both diagnosed with cancer in the last several years.

“The award not only recognizes her resilience on the court and ongoing support for women’s sports and equality in the sports world, but also for her leadership in the fight against cancer,” ESPN wrote in a press release.

Underwood was diagnosed with leukemia in 2020 and needed a bone-marrow transplant. July 7 marks the one-year anniversary of McCray-Penson’s death after battling breast cancer.

Advertisement

“Their battles motivated Staley to take action and become a prominent advocate for cancer research. She partnered with an organization to mobilize potential donors – especially those in the Black community – to sign up on a bone-marrow registry, Be The Match; she advocated for patient care, research and resources; and she visited and supported those undergoing treatment. In her 24-year coaching career, Staley has tirelessly stood up for women in sports, speaking out regularly to ensure gender equality and diversity in sports, particularly basketball.”

Winners include Dick Vitale, Jim Kelly, Craig Sager and Stuart Scott. The V Foundation for Cancer Research was founded in 1993 by ESPN and the late Jim Valvano, former NC State basketball coach and ESPN commentator. 

On Wednesday, ESPN revealed the 2024 nominees and South Carolina women’s basketball is nominated for the “Best Team” award, following the Gamecocks 38-0 season and national championship. Staley’s former player A’ja Wilson is a two-time nominee as well.

Staley became the first Black coach in Division I basketball to go undefeated and win a championship, the first coach to have a solo cover on SLAM Magazine and was selected for Nike’s Athlete Think Tank 3.0.

Advertisement

SC IN THE WNBA: Former South Carolina standouts A’ja Wilson, Kamilla Cardoso set to battle Thursday in WNBA

Lulu Kesin covers South Carolina athletics for The Greenville News and the USA TODAY Network. Email her at lkesin@gannett.com and follow her on X, formerly known as Twitter, @Lulukesin





Source link

Continue Reading

South-Carolina

South Carolina is worst state in nation for drunk driving fatalities: What to know

Published

on

South Carolina is worst state in nation for drunk driving fatalities: What to know


play

South Carolina has a serious problem.

In a recent study conducted by Simrin Law Group, the state was named the worst in the country for drunken driving. Drunken drivers in the state were accountable for 43% of all traffic fatalities. This percentage significantly exceeded the national average of 32%. The study used the latest National Highway Traffic Safety Administration data to determine the finding.

Advertisement

S.C. is not the only state in the South with the problem. In Texas, drunken driving made up 42% of traffic fatalities, while in New Mexico, it was 33%. Other Southern states also landed in the study’s worst 10 states for drunken driving, indicating a dangerous pattern in the region.

What states were in the top 10 for drunken driving? And what states had the least incidents? Here’s what to know.

Top 10 states for drunken driving problems in 2024

∎ No. 1: South Carolina, 100.00 rating

∎ No. 2: Texas, 83.65

∎ No. 3: New Mexico, 80.77

Advertisement

∎ No. 4: Wyoming, 74.39

∎ No. 5: Montana, 71.72

∎ No. 6: Arizona, 70.31

∎ No. 7: Oregon, 70.25

∎ No. 8: Louisiana, 65.11

Advertisement

∎ No. 9: Mississippi, 63.55

∎ No. 10: Alabama, 60.96

Nearly half of SC’s fatal crashes involve alcohol

In the study, S.C. was determined the worst state for drunken driving in 2024, scoring 100 out of 100. Nearly half of the state’s fatal crashes involved alcohol, with 43% of traffic deaths due to drunken drivers. It also had 8.82 drunken driving deaths per 100,000 residents and 11.55 drunken drivers involved in fatal crashes per 100,000 licensed drivers, two categories where it scored significantly higher than the national averages.

Greenville, Spartanburg lead SC in 2024 highway traffic deaths

The SC Department of Public Safety reported that Greenville County led the state in the most highway traffic deaths so far in 2024. Spartanburg was second. In Greenville, a total of 35 deaths were recorded between January and June 2. During that same time frame, Spartanburg recorded 25. Anderson County was fifth in the state with 16 fatalities. Larger population areas like Richland and Charleston counties, in comparison, had 18 and 23 traffic deaths respectively, according to a previous Greenville News story.

In 2022, Greenville led the state with 48 traffic deaths and 36 in 2021. Last year, Spartanburg County was in the lead with 31 fatalities.

Advertisement

S.C. Highway Patrol Trooper Mitch Ridgeway believes fast population growth and unsafe driving habits such as distracted driving, driving under the influence, and speeding are contributors to the rising numbers of fatalities.

“Things like impaired driving are very preventable typically in 2024 because there’s more information out now than ever on the dangers of impaired driving,” Ridgeway said in a previous Greenville News story. “There’s a lot of services out there now. … You can be responsible and have a designated driver planned if you decide to drink.”  

Key findings in the study

∎ In 2022, 13,500 lives were lost due to drunken driving, while 32% of traffic fatalities nationwide were alcohol related.

∎ Southern states lead the nation when it comes to drunken driving problems. S.C., Texas, and New Mexico all had drunken driving fatality rates exceeding the national average, while other Southern states like Louisiana, Mississippi and Alabama followed closely behind.

Advertisement

∎ Northeastern states like Rhode Island, Massachusetts, New York, New Jersey, and Connecticut consistently rank among states with the lowest drunken driving rates. Greater access to public transportation and stricter DUI laws are factors that may be contributing to this.

Utah has the least drunken driving incidents nationwide

In comparison to S.C., Utah traffic fatalities involving alcohol were 22% of all the state’s traffic deaths, lower than the national average of 32%. Residents who died in drunken driving accidents were 2.08 out of every 100,000, and 2.99 out of every 100,000 licensed drivers were involved in fatal drunken-driving crashes.

Top 10 states with the least drunken driving problems in 2024

∎ No. 1: Utah, 31.39 rating

∎ No. 2: New Jersey, 31.79

∎ No. 3: Massachusetts, 31.80

Advertisement

∎ No. 4: Minnesota, 36.22

∎ No. 5: New York, 36.68

∎ No. 6: Alaska, 36.78

∎ No. 7: Pennsylvania, 39.31

∎ No. 8: Michigan, 40.64

Advertisement

∎ No. 9: Wisconsin, 41.03

∎ No. 10: Hawaii, 41.47

Nina Tran covers trending topics for The Greenville News. Reach her via email at ntran@gannett.com



Source link

Advertisement
Continue Reading

South-Carolina

The role of a mandatory reporter in South Carolina

Published

on

The role of a mandatory reporter in South Carolina


GREENVILLE, SOUTH CAROLINA (WSPA) – The role of a mandatory reporter in South Carolina appears simple on the surface but it can be complicated for some professionals when needed to be put into practice.

According to the South Carolina Department of Social Services, “South Carolina law requires that certain professionals report known or suspected cases of child abuse or neglect, because they have unique opportunities to observe and interact with children.”

Dr. Roger Rhoades, a Greenville-based mental health therapist of 37 years, said some professionals may be hesitant to report.

“It’s why some people who have jury duty, don’t report for jury duty. There’s a certain amount of obligation involved,” said Rhoades. “There’s a certain amount of involvement involved and in this day and age, some people are hesitant to be involved.”

Advertisement

There are eight categories of professionals that must submit reports to the proper authorities:

  • Healthcare professionals: physicians, nurses, dentists, optometrists, medical examiners or coroners or their employees, emergency medical services, mental health or allied health professionals
  • Educational professionals: teachers, counselors, principals, school attendance officers
  • Social or public assistance professionals: substance abuse treatment staff, childcare workers, foster parents
  • Legal professionals: police or law enforcement officers, juvenile justice workers, volunteer non-attorney guardians serving on behalf of the South Carolina Guardian ad Litem program or on behalf of Richland County CASA, judges
  • Undertakers, funeral home directors, or their employees
  • Film processors
  • Computer technicians
  • Clergy, including Christian Science Practitioners or religious healers (subject to laws governing privileged communication)

According to the Spartanburg County Sheriff’s Office: “mandatory reporters need not have conclusive proof that a child has been abused or neglected prior to reporting abuse or neglect to the proper authorities.”

For Rhoades, the mandatory reporting system is an important tool that should be utilized by everyone.

“Without the mandatory reporting [children are] victimized by the predator and victimized by a system that keeps it quiet,” said Rhoades.

He said it’s up to the mandatory reporters to see that the courage victims show by speaking up is validated.

“It’s important because abuse brings with it shame and shame keeps people’s mouths closed,” said Rhoades.

Advertisement

No matter the age of the person confiding in a mandatory reporter, it should always be taken seriously if the signs are there.

“Facts follow, if a kid brings it up, it’s a huge mountain they’ve climbed and [you should] check it out. Clear it. Believe it first, clear it later,” said Rhoades.

To report suspected child abuse or neglect, contact the SCDSS 24-hour, toll-free hotline at 1-888-CARE4US or 1-888-227-3487. This hotline is available 24 hours a day, 7 days a week. Intake staff will assist the person making the report and assess the information provided to determine if an investigation is necessary. You can also click or tap here to file a report.



Source link

Advertisement
Continue Reading

Trending