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Texas Magazine News from around the state of Texas. The Goldman Sachs Group, Inc.

(NYSE: GS) is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients. Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in major internati

onal financial centers. The firm provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its clients, which include corporations, governments and individuals. The firm also engages in proprietary trading and private equity deals, and is a primary dealer in the United States Treasury security market. Former employees include Robert Rubin and Henry Paulson who served as United States Secretary of the Treasury under Presidents Bill Clinton and George W. Bush, respectively, as well as Mark Carney, the governor of the Bank of Canada since 2008, and Mario Draghi, governor of the European Central Bank.

A recent report breaks down financial data in cities across the state to determine the top average incomes in these area...
06/22/2022

A recent report breaks down financial data in cities across the state to determine the top average incomes in these areas.

What it means to be “rich” in Texas

Household incomes vary across the U.S. and the buying power of a buck will depend on a number of local factors such as housing, healthcare and other cost of living expenses. The average top income levels across several areas in Texas. Turns out, what it means to be “rich” varies markedly across the Lone Star State:

Austin
Minimum Income to be Considered “Rich”: $145,166
Average Top 5% Income: $485,554

Fort Worth
Minimum Income to be Considered “Rich”: $120,362
Average Top 5% Income: $355,816

Arlington
Minimum Income to be Considered “Rich”: $116,807
Average Top 5% Income: $308,114

Houston
Minimum Income to be Considered “Rich”: $115,794
Average Income of the Top 5%: $458,999

Dallas
Minimum Income to be Considered “Rich”: $112,570
Average Top 5% Income: $503,284

San Antonio
Minimum Income to be Considered “Rich”: $103,45
Average Top 5% Income: $307,182

El Paso
Minimum Income to be Considered “Rich”: $94,422
Average Top 5% Income: $274,474

Texas plans to place charging stations for electric cars every 50 miles on most interstatesTexas is planning to add enou...
06/21/2022

Texas plans to place charging stations for electric cars every 50 miles on most interstates

Texas is planning to add enough electric vehicle charging stations throughout the state to support 1 million electric vehicles with dozens of new stations to allow for easier long-distance travel.

In a draft plan released this month, the Texas Department of Transportation broke down a five-year plan to create a network of chargers throughout the state, starting along main corridors and interstate highways before building stations in rural areas.

The plan is to have charging stations every 50 miles along most non-business interstate routes.

In most other areas in the state, there will be charging stations within 70 miles, according to the plan. Each station is designed to have multiple stalls so there will likely be one available whenever someone stops to charge.

The chargers will be high-powered at 150kW, able to bring most electric vehicles from 10% to 80% in about half an hour, according to the report.

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