Facts That Make A Difference
1. WHO HAS THE MONEY? – As the U.S. and the U.K. borrow record amounts to fund bank bailouts and stimulus, Brazil, Russia, India, and China have $3 Trillion in reserves – now 43% of the world’s total (source: Bloomberg).
2. WHERE HAS OUR MONEY GONE? – The reserves of Brazil, Russia, India, and China have increased 19% from January 2008. Meanwhile, the U.S. has borrowed record amounts (source: Bloomberg).
3. WHO IS THE BETTER BET? – The annual cost of protecting holdings in Turkey’s bonds is now less than the cost of protecting New York City’s municipal bonds(source: Bloomberg).
4. RUSSIAN BONDS – Eleven years after Russia defaulted, investors want less to insure its bonds than California’s (source: Bloomberg).
5. THE BEST CARE? - Almost 3 out of every 5 Americans (59%) believe US health care is no better than “average” or even “below average” when compared to other industrialized nations (source: Pew Research).
6. THE VALUE OF EDUCATION - The average net worth of American families headed by a person that received a college degree is more than 4 times as large as the average net worth of American families headed by a person that received only a high school diploma. This data is part of the 2007 Survey of Consumer Finances collected by the Federal Reserve and was released in June 2009 (source: Federal Reserve).
7. WORKER COST - The average employer pays 43 cents in benefits (e.g., Social Security, Medicare, unemployment insurance, workers’ compensation, life and health insurance, paid leave, retirement plans) for every $1 paid in salary (source: Department of Labor).
8. NOT WORKING - 36% of current US retirees between the ages of 55-75 retired sooner than they originally planned as a result of job loss, poor health, or an early retirement buyout from their employer (source: Society of Actuaries).
2. WHERE HAS OUR MONEY GONE? – The reserves of Brazil, Russia, India, and China have increased 19% from January 2008. Meanwhile, the U.S. has borrowed record amounts (source: Bloomberg).
3. WHO IS THE BETTER BET? – The annual cost of protecting holdings in Turkey’s bonds is now less than the cost of protecting New York City’s municipal bonds(source: Bloomberg).
4. RUSSIAN BONDS – Eleven years after Russia defaulted, investors want less to insure its bonds than California’s (source: Bloomberg).
5. THE BEST CARE? - Almost 3 out of every 5 Americans (59%) believe US health care is no better than “average” or even “below average” when compared to other industrialized nations (source: Pew Research).
6. THE VALUE OF EDUCATION - The average net worth of American families headed by a person that received a college degree is more than 4 times as large as the average net worth of American families headed by a person that received only a high school diploma. This data is part of the 2007 Survey of Consumer Finances collected by the Federal Reserve and was released in June 2009 (source: Federal Reserve).
7. WORKER COST - The average employer pays 43 cents in benefits (e.g., Social Security, Medicare, unemployment insurance, workers’ compensation, life and health insurance, paid leave, retirement plans) for every $1 paid in salary (source: Department of Labor).
8. NOT WORKING - 36% of current US retirees between the ages of 55-75 retired sooner than they originally planned as a result of job loss, poor health, or an early retirement buyout from their employer (source: Society of Actuaries).
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