Fascinating Facts About The Economy

May 25, 2012 in Daily Bulletin

Morgan Housel produced a list of 50 amazing numbers about the economy. Some of them include:

  • The unemployed lose the ability to read over time.
  • Adjusted for inflation, the $6 billion predicted to be spent in the 2012 elections will be 60% more than the amount spent in the 2000 elections.
  • China’s growth is the equivalent of a Greece every three months.
  • For every dollar that newspapers make through digital advertising, they lose $7 in print advertising.
  • The end of the housing bubble annihilated wealth equivalent to half of inflation adjusted America of just 60 years ago.
  • Those older than 60 in America owe $36 billion in student loans.
  • Americans spend 1.8% of their income on alcohol and tobacco. In the UK it’s almost three times that.
  • 5% of Americans account for 50% of health care costs.
  • Five companies (Apple, Microsoft, Cisco, Google, Pfizer) hold almost 25% of all corporate cash.
  • 88% of non-farm jobs created since 2009 have gone to men. 41% of men say that the economy has improved while only 26% of women do.

To read the rest of what is a fascinating list, click here.

Source: The Motley Fool

Via: Boston