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  01/14/19 23:21, by Cayleigh

For this project I found the unemployment rate and average charitable deductions in the years 2009 and 2019 in Wisconsin. I used the information I got and made predictions for the next ten years. It was a little tricky to find information from 2009, but I did manage to find what I was looking for after some digging. 

To create a foundation for my data, I found the average household income in Wisconsin in 2019 ($66,432) and in 2009 ($49,993) and found the change of this to be +$16,439

Next was the average charitable tax deductions in Wisconsin in 2019 ($4,391) and in 2009 ($1,120) and found the change of this to be three times as much at $3,271. It makes since why the deductions have gone up so drastically, as the average income has as well.

Lastly, I found the unemployment rate in 2019 (2.9%) and in 2009 (9.2%) and the percent change was -6.3%. These actually happen to be the record low and high for Wisconsin unemployment rate, which is really interesting. 

Using all of this data, my predictions for the next ten years in Wisconsin are that the unemployment rates will drop to 6.05%, based on the median of what they were in 2009 and 2019. Since the rate right now is at record low for the state, I don't think it is reasonable for unemployment to drop even further. So assuming that that prediction is correct, it can also be inferred that the average charitable deductions will lower. To back these predictions up, I found a reference where this actually did happen to North Dakota. For about ten years, North Dakota has had the lowest unemployment rate in the U.S., but after their oil-price collapse, it has slowly been increasing and they no longer hold the lowest rate. I would have liked to find information on the charitable tax deductions of North Dakota since the price collapse, but unfortunately there was no recent data.  

 

14 comments

Comment from: [Member]

Really cool and creative

10/10.

01/15/19 @ 10:03
Comment from: [Member]

10/10!

01/15/19 @ 14:33
Comment from: [Member]

Super awesome.

10/10

01/15/19 @ 14:43
Comment from: [Member]

super coolio 10/10

01/15/19 @ 15:01
Comment from: [Member]

9/10

01/15/19 @ 17:04
Comment from: [Member]

Very cool! I give it a 10/10.

01/15/19 @ 18:30
Comment from: [Member]

10/10

01/15/19 @ 18:47
Comment from: [Member]

10/10

01/15/19 @ 21:39
Comment from: [Member]

10/10

01/15/19 @ 21:48
Comment from: [Member]

9/10

01/16/19 @ 14:54
Comment from: [Member]

Great!

10/10

01/16/19 @ 16:15
Comment from: [Member]

Very through, and good to know!
10/10

01/16/19 @ 22:17
Comment from: [Member]

10/10

01/17/19 @ 11:17
Comment from: [Member]

This is cool.
8/10

01/17/19 @ 21:20


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