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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

How Much Money Do You Need to Live Comfortably?

April 19, 2017 12:24 am

Have you ever wondered how many people are living “comfortably?” Are you yourself financially comfortable? A recent GOBankingRates study showed some shocking news regarding Americans’ financial comfort: only 11 of the 50 biggest U.S. cities have a median income high enough to cover what's needed to live comfortably.

The study used the 50-30-20 budgeting rule when determining the income required for a comfortable living in each city. This rule divides income into three buckets: 50 percent is expected to go toward necessities, 30 percent towards discretionary items and 20 percent towards savings.

Top 5 Cities Where People Struggle to Live Comfortably:

- Miami: $44,840 deficit income

- New York: $33,073 deficit income

- San Francisco: $29,063 deficit income

- Los Angeles: $25,842 deficit income

- Oakland, Calif.: $25,820 deficit income

Top 5 Cities Where People Can Easily Afford to Live Comfortably:

- Virginia Beach, Va.: $13,985 surplus income

- Arlington, Texas: $6,906 surplus income

- Colorado Springs, Colo.: $5,112 surplus income

- Albuquerque, N.M.: $4,585 surplus income

Austin, Texas: $3,058 surplus income

Additional Insights:

- Texas is the state that boasts the most cities in which the median income is enough for a comfortable living (Five out of the seven cities on this list).

- All of the nine Californian cities on this list have median incomes below what is needed to live comfortably.

- Almost 40 percent of the biggest U.S. cities face a deficit of $10,000 or more between average income and what is needed to live comfortably.

- Kansas City, Mesa and Omaha had surplus income last year, but now have average incomes below what is needed for a comfortable living.

- While San Francisco still faces one of the largest deficits in the country, the city's deficit has dropped from $41,192 last year to $33,073 this year.

Source: GOBankingRates

Published with permission from RISMedia.


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Athletes: How-to Protect Your Eyes

April 19, 2017 12:24 am

Whether you’re a pro athlete, a weekend warrior, or the parent of a little all-star, it’s important to consider eye safety when playing sports.

Here are some tips for both the professional athlete and the Little League star to stay safe:

- Athletes should wear sports eye protection that meets requirements set by appropriate organizations.

- Parents should make sure that children wear eye protection. Most often, those who sustain sports-related eye injuries are 18 years old or younger.

- Eye protection can weaken with age and may no longer provide adequate protection. Consider replacing when damaged or yellowed.

- For basketball, racquet sports, soccer and field hockey, wear protective eyewear with polycarbonate lenses.

- Athletes who wear contacts or glasses should also wear appropriate protective eyewear. Contacts offer no protection and glasses do not provide enough defense.

- Professional athletes should also wear sports goggles that meet national standards.

Source: American Academy of Ophthalmology 

Published with permission from RISMedia.


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