TOTAL WEALTH INDEX
Our national statistics, like GDP or the unemployment rate, describe the state of the American economy.
Finding similar economic data for your community is much more of a challenge, one that EMMA has solved. By compiling data variables, EMMA has several proprietary indexes that give you a better understanding of local economic activity. The Total Wealth Index combines data from federal sources (Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, and others) to portray an overall picture of a locality’s tendency to accumulate and retain wealth.
ECONOMIC ACTIVITY index
The Economic Activity Index has three components that when combined provide insights into a local economic environment's capacity to offer residents the opportunity to accumulate wealth through work and investment.
Jobs Per Capita
Average Earnings per Job
Per Capita Gross Domestic Product (GDP)
capital accumulation index
Wealth is generally the result of long term savings and investment. The “Capital Accumulation index” pairs evidence of past accumulation (two components) with indicators of current barriers to accumulation (three indicators), averaged into one measure.
Per Capita Retirement/Other Income
Per Capita Dividends, Interest & Rental Income
Housing Expense
Housing Wealth Index
Homeownership is the primary source of wealth creation among families and results in many economic and societal benefits. Housing wealth is mainly built by price appreciation gains. Its three components are fairly direct.
