Affluence in the United States

Affluence refers to an individual's or household's economical and financial advantage in comparison to a given reference group. It may be assessed through either wealth. Affluence is a widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019. In the United States, as of 2019, the median household income is $60,030 per year and the median household net worth is $97,300, while the mean household income is $89,930 per year and the mean household net worth is $692,100. While income is seen as a type of wealth in colloquial language use and income are two different measures of economic prosperity. Wealth is the total number of net possessions of an individual or household, while income is the total inflow of wealth over a given time period. Hence the change in wealth over that time period is equal to the income minus the expenditures in that period. Income is a so-called "flow" variable.

Affluence in the United States has been attributed in many cases to inherited wealth amounting to "a substantial head start": in September 2012, the Institute for Policy Studies found that over 60 percent of the Forbes richest 400 Americans had grown up with substantial privilege. Income is used to measure affluence, although this is a relative indicator: a middle class person with a personal income of $77,500 annually and a billionaire may both be referred to as affluent, depending on reference groups. An average American with a median income of $32,000 when used as a reference group would justify the personal income in the tenth percentile of $77,500 being described as affluent, but if this earner were compared to an executive of a Fortune 500 company the description would not apply. Accordingly, marketing firms and investment houses classify those with household incomes exceeding $250,000 as mass affluent, while the threshold upper class is most defined as the top 1% with household incomes exceeding $525,000 annually.

According to the U. S. Census Bureau, 42% of U. S. households have two income earners, thus making households' income levels higher than personal income levels. In 2005, the economic survey revealed the following income distribution for households and individuals: The top 5% of individuals had six figure incomes; the top 0.12% of households had incomes exceeding $1,600,000 annually. Households may be differentiated among each other, depending on whether or not they have one or multiple income earners. For example, in 2005 the median household income for a two income earner households was $67,000 while the median income for an individual employed full-time with a graduate degree was in excess of $60,000, demonstrating that nearly half of individuals with a graduate degree have earnings comparable with most dual income households. By another measure – the number of square feet per person in the home – the average home in the United States has more than 700 square feet per person, 50% – 100% more than in other high-income countries but this metric indicates those in the lowest income percentiles enjoy more living space than the middle classes in most European nations.

Ownership levels of'gadgets' and access to amenities are exceptionally high compared to many other countries. Overall, the term affluent may be applied to a variety of individuals, households, or other entities, depending on context. Data from the U. S. Census Bureau serves as the main guideline for defining affluence. U. S. government data not only reveal the nation's income distribution but the demographic characteristics of those to whom the term "affluent", may be applied. Wealth in the United States is measured in terms of net worth, the sum of all assets, including the market value of real estate, like a home, minus all liabilities; the United States is the wealthiest country in the world. For example, a household in possession of an $800,000 house, $5,000 in mutual funds, $30,000 in cars, $20,000 worth of stock in their own company, a $45,000 IRA would have assets totaling $900,000. Assuming that this household would have a $250,000 mortgage, $40,000 in car loans, $10,000 in credit card debt, its debts would total $300,000.

Subtracting the debts from the worth of this household's assets, this household would have a net worth of $600,000. Net worth can vary with fluctuations in value of the underlying assets; as one would expect, households with greater income have the highest net worths, though high income cannot be taken as an always accurate indicator of net worth. Overall the number of wealthier households is on the rise, with baby boomers hitting the highs of their careers. In addition, wealth is unevenly distributed, with the wealthiest 25% of US households owning 87% of the wealth in the United States, $54.2 trillion in 2009. U. S. Household and non-profit organization net worth rose from $44.2 trillion in Q1 2000 to a pre-rec

Calvin Pease

Calvin Pease was a lawyer and legislator in the U. S. State of Ohio, in the Ohio Senate, in the Ohio House of Representatives, an Ohio Supreme Court Judge 1816-1830. Calvin Pease was born in Connecticut, he studied law in the office of his brother-in-law Gideon Granger, was admitted to the bar in 1798, practicing in New Hartford, Connecticut. He came to the Northwest Territory in 1800, he was appointed first clerk of the court of quarter sessions in August in Warren, admitted to the bar in October. After Statehood for Ohio, he was elected president-judge of the Court of Common Pleas of the Third Circuit. While Pease was Judge of the Third Circuit, the Legislature passed a law that "justices of the peace should have jurisdiction in civil cases to the amount of $50, without the right of trial by jury." Pease held that this was in conflict with the United States Constitution, which stated "in suits of common law when the value shall exceed $20, the right of trial by jury shall be preserved," and the State Constitution, which stated "the right of trial by jury shall be inviolate."

This decision established judicial review of legislative decisions. Supreme Court Judges George Tod and Samuel H. Huntington upheld Pease's decision, all three were impeached by the legislature. Huntington's case was dropped when he resigned to become Governor, Pease and Tod were acquitted by a single vote. One author says "From that day, the right of the Supreme Court to pass on the constitutionality of laws has even been questioned." Another says "The Ohio legislature, would continue to try to establish itself as the dominant force in state government at the expense of the judicial branch." In 1812-1813, Pease was elected to the Ohio Senate representing Trumbull County in the 11th General Assembly. In 1816, the Legislature elected him to the Ohio Supreme Court, a position he held until 1830. In 1831 and 1832, he represented Trumbull County in the Ohio House of Representatives for the 30th General Assembly. On June 2, 1804, Pease married Laura Grant Risley in Washington, D. C, they had seven children.

Calvin Pease died September 1839 in Warren. He was buried at Oakwood Cemetery in Warren, his wife was buried next to him after she died April 6, 1872. Randall, Emilius. History of Ohio: the Rise and Progress of an American State. 5. New York: The Century History Company. Upton, Harriet Taylor. Cutler, Harry Gardner. History of the Western Reserve. 1. New York: The Lewis Publishing Company. Ohio General Assembly. Manual of legislative practice in the General Assembly. State of Ohio. "Hon. Calvin Pease". Find a Grave. Retrieved 2012-10-31

Robinson Township, Crawford County, Illinois

Robinson Township is one of ten townships in Crawford County, Illinois, USA. As of the 2010 census, its population was 9,900 and it contained 4,183 housing units. According to the 2010 census, the township has a total area of 57.47 square miles, of which 57.22 square miles is land and 0.24 square miles is water. Robinson The township contains these six cemeteries: Duncanville, Minnick, New Robinson and Old Robinson. Illinois Route 1 Illinois Route 33 Crawford Memorial Hospital Heliport Brooks Lake West Lake City Park Washington Park Robinson Community Unit School District 2 Illinois' 15th congressional district State House District 109 State Senate District 55 "Robinson Township, Crawford County, Illinois". Geographic Names Information System. United States Geological Survey. Retrieved 2010-01-10. United States Census Bureau 2007 TIGER/Line Shapefiles United States National Atlas Illinois State Archives