Day 75 spending = $16.15 (dining out)
I found an article from The Motley Fool titled 100 Startling Facts About the Economy. Here are a few of those facts that I thought might appeal to my readers:
• According to a study by Harvard professor David Wise and two colleagues, 46.1% of Americans die with less than $10,000 in assets.
• There were fewer state and local education jobs in 2012 than there were in 2005, even though the number of 5 to 18-year-olds has increased by 600,000.
• In 1980, there were 15,099 Americans aged 100 years or more. By 1990, there were 36,486, and by 2012 there were 88,510, according to the Census Bureau.
• Thanks in large part to cellphone cameras, “Ten percent of all of the photographs made in the entire history of photography were made last year,” according to Time.
• From 2005 to 2012, total student loans outstanding increased by $539 billion, according to the Federal Reserve.
• According to ConvergEx Group, “Only 58% of us are even saving for retirement in the first place. Of that group, 60% have less than $25,000 put away. … A full 30% have less than $1,000.”
• According to The Wall Street Journal, 49.1% of Americans live in a household “where at least one member received some type of government benefit in the first quarter of 2011.”
• According to Wired magazine, “In a 2006 survey, 30 percent of people without a high school degree said that playing the lottery was a wealth-building strategy. … On average, households that make less than $12,400 a year spend 5 percent of their income on lotteries.”
• According to David Wessel of The Wall Street Journal, Americans “spend about half of their food budgets at restaurants now, compared to a third in the 1970s.”
• “More than 50 million Americans couldn’t afford to buy food at some point in 2011,” writes CNNMoney, citing U.S. Department of Agriculture data. In June 2012, 46.7 million Americans received food stamps.
• According to New York Times writer Binyamin Appelbaum: “Average months between US recessions since 1854: 42. Months since last recession: 42.”
• U.S. charitable giving was $298 billion in 2011, according to the Giving USA Foundation. That’s more than the GDP of all but 33 countries in the world.
If you’d like to read the entire article, go to http://www.fool.com/investing/general/2013/02/05/100-startling-facts-about-the-economy.aspx