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What are some striking economic statistics that you think everyone should know?
I& #39;ll start with five facts that have informed my research (with sources):
I& #39;ll start with five facts that have informed my research (with sources):
1. Roughly 15% of Americans have filed for bankruptcy in their lifetime
https://libertystreeteconomics.newyorkfed.org/2017/05/do-credit-markets-watch-the-waving-flag-of-bankruptcy.html">https://libertystreeteconomics.newyorkfed.org/2017/05/d...
https://libertystreeteconomics.newyorkfed.org/2017/05/do-credit-markets-watch-the-waving-flag-of-bankruptcy.html">https://libertystreeteconomics.newyorkfed.org/2017/05/d...
2. 11% of Americans have 0 or less net worth. It& #39;s 20% for Black Americans, and 9% for white non-Hispanics.
Survey of consumer finances in 2019 https://sda.berkeley.edu/sdaweb/analysis/?dataset=scfcomb2019">https://sda.berkeley.edu/sdaweb/an...
Survey of consumer finances in 2019 https://sda.berkeley.edu/sdaweb/analysis/?dataset=scfcomb2019">https://sda.berkeley.edu/sdaweb/an...
3. The median household income in the US in 2019 was $68,703.
4. 12% of Americans were late on a debt payment in the last year. Roughly 6% for the folks in the top 20% of income.
5% of Americans were late by more than 60 days in the past year.
(SCF, 2019) https://sda.berkeley.edu/sdaweb/analysis/?dataset=scfcomb2019">https://sda.berkeley.edu/sdaweb/an...
5% of Americans were late by more than 60 days in the past year.
(SCF, 2019) https://sda.berkeley.edu/sdaweb/analysis/?dataset=scfcomb2019">https://sda.berkeley.edu/sdaweb/an...
5. In 2019, 9.2 percent of Americans did not have health insurance. https://www.census.gov/content/dam/Census/library/publications/2020/demo/p60-271.pdf
This">https://www.census.gov/content/d... number is almost 18 percent in Texas, and 3 percent in MA.
This">https://www.census.gov/content/d... number is almost 18 percent in Texas, and 3 percent in MA.
Bonus number 6:
In 2019, the 80th percentile of household income is $142,501
The 20th percentile is $28,084.
The 95th percentile is $270,002 https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html">https://www.census.gov/data/tabl...
In 2019, the 80th percentile of household income is $142,501
The 20th percentile is $28,084.
The 95th percentile is $270,002 https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-income-households.html">https://www.census.gov/data/tabl...
https://twitter.com/mvbulutay/status/1386766486241517572?s=20">https://twitter.com/mvbulutay...
https://twitter.com/BenListyg/status/1386766727095230466?s=20">https://twitter.com/BenListyg...
https://twitter.com/EmilyNix100/status/1386771435910144002?s=20">https://twitter.com/EmilyNix1...
https://twitter.com/smilleralert/status/1386776349805891585?s=20">https://twitter.com/smilleral...
