Wauchula State Bank Financial Blog (3)

04/26/23

Chart of the Day: 25% of Tasks Done by AI

Today’s Chart of the Day from Goldman Sachs shows the percentage of tasks per industry that could be automated by artificial intelligence. Administrative tasks are the highest at 46%, with the average across all industries being 25%.

Chart of the Day

04/25/23

Chart of the Day: Housing Affordability

Today's Chart of the Day from Fortune illustrates the components of housing affordability, which include changes in incomes, rates, and prices. There is an ebb and flow, but currently rates are the primary driver.

Chart of the Day

04/20/23

Chart of the Day: Hurricanes vs. Equator

Today’s Chart of the Day is not finance related, but still fascinating. Shared by the NASA Earth Observatory, the Coriolis forces at the equator are zero.

Chart of the Day

04/19/23

Chart of the Day: 1.5 Days a Year

Today’s Chart of the Day is from J.P. Morgan’s updated Guide to Retirement. It calculates your total return having missed the 30 best days for last 20 years ending 2022.

Chart of the Day

04/18/23

Chart of the Day: Tax Share

Today’s Chart of the Day from the Wall Street Journal shows the share of taxes paid vs. the share of total income. The $100,000-$500,000 range is pretty even, while those making more than $1 million, who only have a 15% share, pay nearly 40% of total taxes.

Business, Community Bank

04/17/23

How to Use Credit Cards Responsibly: 5 Things to Do

Using a personal credit card can seem complicated, especially if you’re working to build credit. It’s a balance between spending enough to build your credit history, but not overspending and going into debt. Challenging? Sure, but definitely not impossible. Here are our five tips for using your credit card responsibly.

Real Estate

04/14/23

HELOC 101: Is It Right For You?

A Home Equity Line of Credit (HELOC) is a popular and versatile financing option that allows homeowners to access the equity in their homes as collateral to obtain a line of credit. This credit line can be used for a variety of purposes, including home improvement projects, debt consolidation, and unexpected expenses. In this article, we will explore the basics of HELOCs, how they work, and the benefits of using this type of financing.

Chart of the Day

04/13/23

Chart of the Day: When to Take Social Security

Today’s Chart of the Day from J.P. Morgan shows when to take social security to maximize benefits.

Chart of the Day

04/12/23

Chart of the Day: Motorcycles vs. Cars vs. Planes

Today's Chart of the Day looks at the statistics of transportation safety. I think everyone already suspects this, but I was surprised by the scale. You are 30 times more likely to die on a motorcycle than in a car. Also, you are 100 times more likely to die in a car than a plane.

Chart of the Day

04/11/23