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Economics Facts

Economics Facts

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1 F you divide their net worths by their age, Carlos Slim and Bill Gates have each accumulated more than $100,000 in net worth for every hour they've been alive.
2 According to a study by Harvard professor David Wise and two colleagues, 46.1% of Americans die with less than $10,000 in assets.
3 Start with a dollar. Double it every day. In 48 days you'll own every financial asset that exists on the planet - about $200 trillion.
4 According to a study by Environics Analytics WealthScapes, the average Canadian household is now richer than an average American household for the first time ever.
5 The 100 largest public pension funds alone have $1.2 trillion of unfunded liabilities, according to actuarial firm Milliman.
6 If you add up annual profits of the entire airline industry going back to 1948, you get -$32 billion.
7 The International Energy Agency predicts that the U.S. will become the world's largest oil-producer by 2020, overtaking Saudi Arabia.
8 Of the Americans who earn over $150,000, 82 percent had a bachelor's degree. Just 6.5 percent had no more than a high school diploma.
9 According to Gallup, 51.3% of Americans consider themselves "thriving," 45.1% say they are "struggling," and 3.6% say they're "suffering."
10 By 2050, workers' median age in China and Japan will be about 50, a decade higher than in America.

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