Where the rich people live

There are in the region of Connecticut North of New York City the highest concentration of wealthy households, followed by places in Silicon Valley such as San Jose, seen here.

In the suburbs of America, slightly more than 6 percent of household income which put them on top of the fibula earners, according to a study released Monday by the u.s. Census Bureau. Statements were made by less than 5 per cent of households in urban centres, the pieces.

Not surprisingly, the study found that rich people tend to live near major population centres.

The Bridgeport-Stamford-Norwalk in Connecticut, North of New York City that was home to many hedge funds, with higher concentration of wealthy families in the country bring in 17.9 per cent of those in the region in more than $ 191469 a year. That compares to 5 percent of households nationwide, according to the Census Bureau.

Office accounts based on statistical metropolitan areas, large areas to lump the poorest areas with the richest. Bridgeport is not known for being particularly rich, but some of the surrounding cities.

Related: what Americans earn

Connecticut was followed closely by the South heavy technology San Jose-Sunnyvale-Santa Clara, California known as Silicon Valley. The Washington-Arlington-Alexandria came in third place.

At the other end of the spectrum, mostly in rural areas. Two related statistical domains with the same name to a lower concentration of rich-Danville Illinois, Danville, Virginia-1.1%. Pine Bluff, Ark.; stobinvil, Ohio-weirton, W.Va; and the shores of Muskegon-Norton, Michigan near the bottom five.

Included areas which fall outside the scope of the rule in the country is currently experiencing a boom in energy. Provinces near Beijing Rock North Dakota, Niobrara in Colorado, Eagle Ford, Texas had high concentrations of wealth.

Did not take into account cost of living, which could significantly reduce or boost buying power in the study area.

10 metro areas with the highest concentration of high-income hosiholdsthisi area packed with households earning at least $ 191469 annually, and placed in the top 5% of entering the United States. Bridgeport-Stamford-Norwalk, CT San Jose-Sunnyvale-Santa Clara, California Washington-Arlington-Alexandria, DC-VA-MD-WV San Francisco-Oakland-Fremont, CA New York-Northern New Jersey-Long Island, NY-NJ-PA-Oxnard-thousand oaks-Ventura, CA Boston-Cambridge-Quincy, MA-NH source: u.s. Census Bureau, American Community Survey 2007-2011
First published: 12 February 2013: 5: 36 am et

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics

Fewer people will have employer health insurance

AppId is over the quota
AppId is over the quota

Some 7 million people are expected to lose or drop their employment-based coverage by 2022, according to CBO. That's up from the 4 million the agency estimated in August.

Around 170 million Americans currently have heath insurance tied to their jobs, according to the latest U.S. Census data.

Those who lose that coverage won't all be joining the ranks of the uninsured or the unemployed, though. Many are expected to shift into the health insurance exchanges being set up under the Affordable Care Act. The number of people participating in those exchanges is projected to grow from 7 million in 2014 -- the first year they'll be available -- to 24 million in 2016.

The CBO's forecast revision was prompted by a change to the tax laws under the fiscal cliff deal in January, which made the Bush tax cuts permanent for all but the wealthiest Americans. The CBO had previously crunched the numbers thinking that tax rates would rise for everyone.

Since employer-provided health care insurance is not taxable, the CBO's theory is that the benefits aren't as valuable when tax rates are lower, said James Klein, president of the American Benefits Council, a trade association for large employers. So some workers -- particularly lower-income folks -- may find it more desirable to forgo their employer's coverage and seek insurance in the exchanges, where they may be eligible for a subsidy.

At the same time, employers with large, low-wage workforces may find it financially advantageous to withdraw health coverage, even if they have to pay penalties. The CBO expects penalties to total $130 billion over the next decade, up $13 billion from its previous forecast.

Are you planning to enroll in a state health insurance exchange or hope to be covered under the expansion of Medicaid? If so, please email me at tami.luhby@turner.com. You could be profiled in an upcoming story. First Published: February 8, 2013: 5:26 AM ET

Finance; Investment; Business; Economics

Finance; Investment; Business; Economics