The 2015 Indianapolis 500 By The Numbers

Indy 500 by the Numbers

The Indianapolis 500 is one of the most quintessentially American events on the annual sporting calendar, converging 300K visitors to the city’s storied Motor Speedway and gluing million pairs of eyeballs to television sets globally. We watch for many reasons. Many invariably tune in for the potential excitement of fiery wrecks and pit crew brawls. But then there are others who root for favorite driver or are mesmerized by the poetry of pit stops and the sheer engineering brilliance fueling cars that reach an excess of 225 mph.

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2015’s Best Investing Blog Contest

Best Investing Blogs

The investing world is one of the most thoroughly researched fields in the U.S. economy, with professional analysts, corporate insiders, individual investors, academics and influential bloggers all sharing their two cents (at the very least) about this grand game that has been compared to everything from “watching paint dry” to a “new weapon that destroys people but leaves buildings standing.” In fact, Amazon.com lists more than 20,000 investing books for sale.

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2015’s Mayweather vs. Pacquiao By The Numbers

Mayweather-vs-Pacquiao-By-The-Numberst-BadgeIt has been dubbed The Fight of The Century, and while the name is clearly characteristic of the sweet science’s inherent hyperbole, fight fans have indeed been waiting for a bout between these pound-for-pound titans – generally regarded as the best boxers in the world – for most of the new millennium. But, derailed by contractual stand-offs regarding revenue distribution and drug testing and marked by allegations of avoidance and cheating, the bout everyone wanted to see seemed as if it would never be.

Miraculously, however, the two fighters have come together in the twilights of their careers after successfully negotiating prior roadblocks. Perhaps the two are being motivated by unpaid tax obligations or their lavish spending habits (see below). Or maybe each knew in their heart that the bell would ring for this fight before they hung up the hand wraps and gloves.

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2015’s Tax Day By The Numbers

Tax-Day-By-The-Numbers-BadgeApril 15 is one of those dates that’s simply synonymous with a particular event, representing Tax Day like Dec. 25 and Jan. 1 do Christmas and New Year’s, respectively. The glaring difference is that we approach this IRS holiday with foreboding – images of audits and unpaid liabilities dancing in our heads rather than sugar-plums. Such concerns, embedded in our DNA since Revolutionary times, are also well-justified – considering that we collectively fork over $3.1 trillion to Uncle Sam each year and spend 6.1 billion hours making sure our payments are proper.

The U.S. tax landscape has also changed a great deal in recent years, with returns becoming predominantly electronic, the IRS budget shrinking and the tax code swelling to 5-times the number of words in the Bible. With that in mind, we decided to take a closer look at what the contemporary U.S. taxpayer faces each April, highlighting the most interesting statistics related to how we prepare, pay and process taxes. We also interviewed a panel of leading experts on matters relating to both tax policy and practicality, and you can check out their insights below.

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The 2015 Masters Tournament By The Numbers

The-2015-Masters-Tournament-By-The-Numbers-BadgeFour. It’s a number deeply representative of the Masters Tournament – one of golf’s quartet of “majors” – and the 2015 iteration in particular. Can Rory McIlroy – the No. 1 player in the world – take home the Green Jacket and in so doing win his third major in a row as well as complete the career Grand Slam? Or perhaps defending champion Bubba Watson will prevail instead, taking ownership of three out of the last four Masters titles. Who knows – maybe one of the four Koreans in the field (or the single player from Japan, Thailand or India) will even become the first Asian Masters champ.

There’s ultimately no shortage of intrigue or interesting statistics tied to the 79th Masters Tournament, held at Augusta National Golf Club in Augusta, GA. And, from the $9 million purse and the $35 million in expected ticket sales to Georgia’s $5 billion golf economy and the Masters’ $115 million local impact, we’ll break it all down below. Make sure to also check out our Ask The Experts section for tournament predictions and economic insights from a panel of leading experts.

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2015’s March Madness By The Numbers

March-Madness-BadgeCan Kentucky go 40-0? Will a 16 seed finally take down one of the top dogs? Could the likes of North Florida or UC Irvine finally find their glass slipper? There are plenty of intriguing questions that remained to be answered as the 2014-15 NCAA Tournament approaches. And as March Madness grips fans across the country – burning billions of dollars in corporate productivity and inciting an estimated $12 billion in betting globally – plenty of eyeballs will be tuned into the action, perhaps explaining why plenty of sponsors have their wallets open as well.

Indeed, the corporate spectacle of March Madness would seem to belie the amateurism inherent to the event and underscore the disparity between the average student athlete’s annual compensation ($120K in tuition, room and board), and that of big-time college coaches ($5M+) and NBA rookies ($1.9M). The NCAA itself has also raked in billions of dollars in television rights fees, ticket proceeds and merchandise sales, and CBS racks up more than a billion dollars in ad revenue each year. Perhaps that is why calls to pay college athletes are growing louder. At least it’s something to consider as you watch the action this year.

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St. Patrick’s Day By The Numbers

St-Patrick-Day-By-The-NumbersShares in Diageo (DEO) – the London-based owner of Guinness – may be down in recent months, but plenty of us will be raising pints and garbed in green come March 17th. Despite its religious undertones, St. Patrick’s Day ranks among the calendar’s biggest drinking days, when the more than 33 million Irish-Americans and their compatriots around the world combine cocktails and cabbage all in the name of the Emerald Isle.

Unfortunately, these good times are too often ruined by drunk driving incidents – which can have a devastating impact on both your life in general and your wallet in particular. So, in addition to checking out the interesting St. Paddy’s Day stats presented below, make sure to stay safe when celebrating this year. Remember, the cost of a quick Uber ride pales in comparison to that of a DUI or a vehicular manslaughter charge.

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2015’s Best Tax Blog Contest – Voting Complete

Best Tax Blogs

It’s time to find the Best Tax Blogs the Internet has to offer! WalletHub’s Editors have identified 50 finalists, from industry titans like TurboTax to one-man dynamos like the Tax Girl. Now it’s your job to vote. Tell your friends, alert the neighbors and show us why your favorite website deserves the title of 2015’s Best Tax Blog.

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Valentine’s Day By The Numbers

Valentine’s Day is the third largest consumer holiday in the United States by amount spent, with the roughly $19 billion we shell out in Cupid’s name each year coming in just behind the $20 billion spent on Mother’s Day and the $602 billion we devote to the winter holidays. So, whether you love or hate this holiday (or if you even think it’s a holiday to begin with), there is no denying the role of St. Valentine on our nation’s economy.

With that in mind and to help people embrace that loving feeling in a manner that’s safe for their wallets, the personal finance website WalletHub prepared the following Valentine’s Day By The Numbers infographic, which showcases participation rates, spending trends and other fascinating tidbits about this romantic day.

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Major League Bullies: Teams Seek Hypocritical Trademark Ruling

Can a Major League Baseball team own the alphabet?  MLB seems to think so, as it has been on a two year mission to block WalletHub’s application for this trademark:WalletHub Logo.  Why would a professional sports league care about the logo of a financial services company, you might ask?

Good question.  The league alleges that WalletHub’s logo could easily be confused with the registered trademarks of the Washington Nationals and the Chicago Cubs.  But aside from the fact that none of their marks look anything like the WalletHub logo(and very few people would associate the Cubs with W’s these days), they’re also registered for clothing and flags while WalletHub’s logo is for financial services – namely, comparing and learning about products such as credit cards, mortgages, savings accounts, car loans, insurance policies, etc.

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Super Bowl XLIX By The Numbers

Super-Bowl-XLIX-By-The-Numbers-2015-BadgeThe Super Bowl is a game of numbers, from the Roman Numerals that denote each contest to the millions of people and billions of dollars that are engrossed in it each year.

Given the societal importance of the Big Game, the emphasis it places on social media, and the fact that it's a global symbol of capitalistic extravagance, it only makes sense for WalletHub – the first social network built from the ground up around personal finance – to audit the figures that make the game tick.

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WalletHub’s 15 for ’15: Financial Resolutions for the New Year

Wallet Hub New Year Resolution

The first of the year always brings with it the promise of new beginnings and the burden of self-improvement. Fueled by the nostalgia of the holidays, armed with a year’s worth of regrets, and unleashed by the ceremonialism and ritual of the calendar’s turn, some 45% of Americans decide to make New Year’s resolutions each January, according to research from the University of Scranton. They are, it seems, taken by the spirit that led Benjamin Franklin to write that one should, “Be always at war with your vices, at peace with your neighbors, and let each New Year find you a better man.”

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Ask the Experts: The Impact of Falling Oil Prices on Your Wallet

Falling Oil Prices

The last time anyone in the U.S. paid less than $2.10 for a gallon of regular gasoline was in May 2009 — until now. Global demand for oil has softened in recent months as production has grown, creating a surplus that has driven down prices across the board. As a result, consumers in many parts of the U.S. — such as the Midwest and Gulf Coast — are even paying less than $2.05, according to GasBuddy.

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WalletHub’s 2015 Economic Predictions

Wallethub Predictions 2015

How will 2015 treat our wallets? That is the question everyone is asking as 2014 nears its close and we prepare to ring in the holidays with loved ones and then enter the season of resolutions and new beginnings. Underpinning this inquiry is a feeling of cautious optimism, as the U.S. economy appears to be hitting its stride – producing strong GDP growth and impressive hiring numbers – despite turmoil in the global oil markets, concern over stock market valuations, and worries about global conflict and recession.

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WalletHub’s 2014 Economic Predictions

Wallethub Predictions 2014

Update: With the year coming to a close, we decided to revisit WalletHub’s 2014 Economic Predictions to see how we ended up doing. We graded each of the predictions and provided explanations for our marks. If you think we were either too lenient or too harsh, make sure to let us know in the comments section below. And if you’re interested in getting a jump start on all the big WalletNews of next year, check out WalletHub’s 2015 Economic Predictions.

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Ask the Experts: Assessing the Cost of Security Breaches

Security Breaches

High-stakes hacking has been a major theme for American businesses in 2014. The recent wave of data breaches at popular retailers have made consumers more aware — and warier — of the very real threat that their sensitive financial information could slip easily into criminal hands.

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Surviving Zombie-Debt Collectors: A Texas A&M Law Professor’s Guide

zombie-debt

October 31 – Halloween – conjures up visions of ghosts, ghouls and other fictional monsters; however, a non-fictional monster, the zombie-debt collector, exists all year around. The typical zombie-debt collector is a purchaser of debt who preys on unsuspecting consumers. Consumers need to be prepared to defeat the claims of these monsters.

Zombie debts arise from unenforceable or dead debts. The debts may be unenforceable against consumers because the debts never existed, as in cases of mistaken identity or identity theft.  Similarly, the debts may be unenforceable by operation of law, as in cases where the debts have already been paid or discharged in bankruptcy. Additionally, in many cases, zombie-debt collectors may seek to collect old or stale debts that are time-barred because the limitations period for collections has passed.

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The 110th World Series By The Numbers

It’s time to grab your peanuts and Cracker Jack because baseball’s big day has arrived. The 110th World Series is upon us, as the Giants and Royals square off. While this year’s Series lacks one of the various geographical rivalries that were possible at the onset of the playoffs, it does feature two hot, battle tested teams that have slogged their way through long odds to arrive at the precipice of a championship. That should make for a compelling match-up.

And although we’ll have to wait to see who comes out on top (our experts have some guesses in the meantime), we can certainly get acquainted with the teams and everything else that makes the World Series tick. You see, given that baseball is a game that lends itself to and is in love with statistics, WalletHub decided to take a closer look at some of the most important facts and figures related to this year’s World Series. You can check them out in our infographic below, along with an Ask The Experts section where we discuss both the outcome of this Series and the future of baseball with some of the country’s leading sports management experts.

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Our content is intended for general educational purposes and should not be relied upon as the sole basis for managing your finances. Furthermore, the materials on this website do not constitute legal advice and should not be relied upon as such. If you have any legal questions, please consult an attorney. Please let us know if you have any questions or suggestions.