Two-thirds of American Households Earn Less Today Than They Did In 2002

We spotted this stat today:

“Two-thirds of American households are headed by someone who did not earn a college degree. From 2002 to 2013, those households, even as they aged, saw their median incomes fall by 9.4 percent (for those headed by high school graduates) and 17.3 percent (for those headed by high-school dropouts).” Source

We had spotted some Education Vs Employment stats before – the equation seems to hold.

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Too Strong To Fail: All 31 Banks Clear Fed’s Annual Bank Stress Tests

We spotted this stat today:

“Of the 31 banks the Fed tested—which included the largest U.S. banks, like Bank of America, Citi, and Wells Fargo—as well as some sizable regional banks and the U.S. divisions of large international banks, all were deemed strong enough to weather a severe economic meltdown without any help from the government.” (Source)

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February Mall Traffic Boosted By Lower Gas Prices

We spotted this stat today:

“February to February, weather affected retail sales in 2014 and 2015, but lower gasoline prices in 2015 also proved to be a key factor. The Thomson Reuters Same Store Sales Index forecast for February 2015 calls for a gain of 2.1%, stronger than the actual increase of 0.6% in 2014.” (Source)

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$1 Million Buys You Only 183 Square Feet. Where?

We spotted this stat today:

“According to a new survey from Knight-Frank, $1 million buys you only 17 square meters, or 183 square feet, in Monaco, the world’s most expensive real estate market as measured by average cost per square foot.

Hong Kong ranked second, with $1 million buying you only 20 square meters, or around 215 square feet. In London, you’ll get just a wee bit more for $1 million, or about 21 square meters.”

Source

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How Much Has A Typical Family Saved Up For Retirement?

We spotted this stat today:

“On average, a typical working family in the anteroom of retirement — headed by somebody 55 to 64 years old — has only about $104,000 in retirement savings, according to the Federal Reserve’s Survey of Consumer Finances.” Source

Clearly, that’s not enough. Investment advice has got a lot to do with that number, of course.

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Intriguing: ATMs Actually Increased The Demand For Tellers

We spotted this today:

“Starting in the mid-1990s, banks rapidly increased their use of ATMs; over 400,000 are installed in the United States alone today. One might expect such automation to decimate the ranks of bank tellers, but in fact the number of bank teller jobs did not decrease as the ATMs were rolled out” Source

Do read the source for the complete analysis – but here is the highlight – “In short, the economic response to automation of bank tellers’ work was much more dynamic than many people would expect”

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Stunning: More Than Half of U.S. Pregnancies Are Unintended

We spotted this stat today:

“Unintended pregnancies cost American taxpayers $21 billion each year, according to a new analysis released by the Guttmacher Institute. That averages out to a cost of about $366 per every woman of childbearing age in the U.S. Overall, more than half of U.S. pregnancies are unintended, and roughly 1-in-20 American women of reproductive age have an unplanned pregnancy each year.”

Source

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Chromebook Stats: Every Sixth Laptop Sold Is A Google Chromebook

We had suspected this – we spotted this today:

“Google Chromebooks are continuing to sell well in the U.S. The research firm estimates that in 2014 Chromebooks accounted for 14 percent of all laptop sales for both the commercial and retail channels; up 85 percent from 2013.” Source

Well, you don’t have to digest this stat. You can see it around you.

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Which Currency Has Fallen 70 Percent Since 2014?

If you track currencies, this is not news exactly – but if you are not, then here goes:

“Ukraine didn’t have the dollars to prop up its currency for very long, and when it belatedly admitted this, the hryvnia collapsed. Then it collapsed some more after the latest peace deal fell apart. So Ukraine’s central bank has done the only thing it could do: everything. It made its capital controls even stricter, banned currency trading, then reversed the ban on currency trading but begun intervening directly. It’s worked a little. Well, at least the hryvnia has rebounded from a low of 33.5 to now 27.2 per dollar. But that, as you can see above, is still a 70 percent fall from the start of 2014.” Source

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92 Percent of Americans Choose Financial Security Over Upward Mobility

We spotted this stat today:

“As income increases have slowed, American workers also have changed their aspirations: When asked whether financial security or upward mobility were more important, a record number, 92%, chose financial security, a rise of seven percentage points.”

Source

It’s a survey – but the numbers tell us a story that is hard to ignore.

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