12 Surprising Economic Facts

12. From 1948 until 2007, the average duration of unemployment was 13.5 weeks. Today, it’s 40.5 weeks.
11.Just 1 in 7 U.S. workers is of normal weight without a chronic health problem,” according to The Wall Street Journal, citing Gallup data.
10. According to The Wall Street Journal, “every year 17,000 American-trained masters and doctoral students leave the U.S. to find work elsewhere.”
9. Over the past 25 years, college tuition has increased at nearly four times the rate of broader inflation.
8. 5.5 million Americans are unemployed and not receiving unemployment benefits. Last year, that number was 1.4 million.
7. The U.S. government provides health care for a minority of its population (elderly and poor) at a greater cost per citizen than many European countries spend on universal coverage.
6. Total state and local pension shortfalls now equal $4.4 trillion, according to State Budget Solutions.
5. According to The New York Times, only 23% of Americans benefit from the mortgage interest tax deduction, yet 93% support it.
4. Nationwide real estate values have declined by about $7 trillion since 2006.
3. According to the National Review, General Motors has 96,000 employees but provides health benefits to a million people.
2. Only 2.7% of what Americans spend their money on are goods and services from China. 88.5% is on American-made goods and services.
1. America is still by far the largest economy in the world, nearly three times the size of China’s or Japan’s economy, and nearly five times the size of Germany’s. We have the best schools, the deepest financial system, the most advanced innovation, and the brightest entrepreneurs.
From Morgan House, “50 Amazing Numbers About the Economy,” The Motley Fool, Oct. 21, 2011.
H/t beloved fellow Joseph.
~Eowyn
 

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