Latest news with #wealthiest
Yahoo
3 days ago
- Business
- Yahoo
Milwaukee's richest suburb has an average income of more than $200,000, new study says
Mequon is the wealthiest suburb of Milwaukee, according to a new analysis by personal finance site GOBankingRates. Using data from the 2023 U.S. Census, GOBankingRates ranked the richest suburb in each of 50 largest metro areas in the country. Mequon has routinely ranked among Milwaukee's wealthier suburbs, though previous analyses have placed Waukesha County municipalities ahead of the city. Here's what else to know about Mequon and the other richest suburbs in the country: What to know about Mequon, Milwaukee's wealthiest suburb Located on the shoreline of Lake Michigan in Ozaukee County, Mequon has a population of just over 25,000. In 2023, the city's average household income was $209,904 and, in June 2025, its average home value was $669,603. In comparison, the wealthiest Midwest suburb, Hinsdale in Illinois, had an average household income of $376,000. On the other end of the Midwest spectrum was Mason in Ohio with an average income of $161,000. What are the 10 richest suburbs in the US? In a separate July 2025 study, GOBankingRates ranked the overall richest suburbs in the country. All but two of them were in New York, Texas or California. Here are the top 10: Scarsdale, New York: suburb of New York City, household mean income of $601,193 in 2023 Rye, New York: suburb of New York City, household mean income of $421,259 in 2023 West University Place, Texas: suburb of Houston, household mean income of $409,677 in 2023 Los Altos, California: suburb of San Jose, household mean income of $403,512 in 2023 Alamo, California: suburb of Oakland, household mean income of $403,334 in 2023 University Park, Texas: suburb of Dallas, household mean income of $389,868 in 2023 Southlake, Texas: suburb of Forth Worth, household mean income of $382,520 in 2023 Hinsdale, Illinois: suburb of Chicago, household mean income of $376,366 in 2023 Orinda, California: suburb of Oakland, household mean income of $369,073 in 2023 Wellesley, Massachusetts: suburb of Boston, household mean income of $368,179 in 2023 More: Home prices differ greatly between Milwaukee County, suburbs. Which are most affordable? This article originally appeared on Milwaukee Journal Sentinel: What's the richest suburb of Milwaukee? Solve the daily Crossword
Yahoo
16-07-2025
- Business
- Yahoo
French PM Bayrou proposes slashing two public holidays to reduce national deficit
France's Prime Minister François Bayrou has outlined plans to cut €43.8 billion from the national budget, warning that debt presents a "mortal danger" for the country. The cuts involve reducing the number of people employed in the civil service and a so-called "solidarity contribution" for "the wealthiest", as well as scrapping tax breaks for business expenses for pensioners. He also proposed getting rid of two public holidays, citing Easter Monday and 8 May as possible contenders to be scrapped. Bayrou said that would make it possible to increase productivity without raising taxes or VAT. May 8 has historical significance in France and across Europe as it marks the surrender of Nazi Germany in 1945 and the end of World War II in Europe. "It's the last stop before the cliff, before we are crushed by the debt," Bayrou told MPs, saying that debt is increasing by €5,000 every second. "It's late but there is still time," he added. He said the French shouldn't forget the financial woes Greece experienced more than a decade ago when it went through a full-blown debt crisis and needed multiple international bailout packages and years of austerity to get back on its feet. France's public deficit hit 5.8% of GDP in 2024, totalling €168.6 billion, a figure well above the maximum allowed by EU rules. In his announcement, Bayrou outlined significant budget cuts with the aim of slashing tens of billions of euros, aiming to bring the deficit down to 5.4% of GDP this year and 4.6% in 2026. Related Macron: France to spend billions to counter biggest threat to Europe's freedom since World War II UK and France launch pilot scheme to further deter Channel crossings He is hoping the cuts will bring the deficit to below the 3% threshold set by the EU by 2029. President Emmanuel Macron has tasked his prime minister with repairing public finances with the 2026 budget after the snap election he called last year resulted in a hung parliament too divided to tackle spiralling spending. Following the recommendations of Macron and citing the situation in both Ukraine and the Indo-Pacific region, Bayrou said no cuts would be made on national defence spending. €3.5 billion will be included in the 2026 budget, with a further €3 billion in 2027. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
