10 fascinating economy facts
- by Anna K.
1. If 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 Forbes, if a Google employee passes away, “their surviving spouse or domestic partner will receive a check for 50% of their salary every year for the next decade.”
3. According to the Deutsche Bank Long-Term Asset Return Study, the last time interest rates were near current levels, in the 1950s, Treasury bonds lost 40% of their inflation-adjusted value over the following three decades.
4. According to a study by Harvard professor David Wise and two colleagues, 46.1% of Americans die with less than $10,000 in assets.
5. There are 3.8 million fewer Americans aged 30 to 44 today than there were a decade ago. Moreover, he population of Americans aged 30 to 44 is about to start increasing for the first time since 2000.
6. Since 1928, the Dow Jones has increased more than 10% in a single day eight times, declined more than 10% in a single day four times, and gone either up or down more than 5% in a single day 136 times.
7. U.S. oil production grew more in 2012 than in any year in the history of the domestic industry, which began in 1859.
8. 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.
9. Adjusting for inflation, Warren Buffett was a millionaire by age 25.
10. Including dividends, the S&P 500 gained 135% from March 2009 through January 2013, during what people remember as the “Great Recession.” It gained the exact same amount from 1996 to 2000, during what people remember as the “greatest bull market in history.”