By The NumbersSubmitted by S. F. Ehrlich Associates, Inc. on May 15th, 2017
Source: Direxion Funds
May 15, 2017
By the numbers…....
- The last time that the S&P 500 was up on a total return basis for the 1st quarter yet finished down for the full calendar year was 2002. (The S&P 500 gained 6.1% on a total return basis in Q1 2017.)
- The 75-year average growth rate of the US economy (i.e. Gross Domestic Product, or GDP) is +3.3% per year. However, the actual growth rate of the US economy has reached +3.3% or greater in only 2 of the last 16 calendar years.
- In 2016, the US economy grew by +1.6%, the 11th consecutive year that our domestic economy has failed to grow by at least +3%. In data tracked since 1930, the previous longest stretch of sub +3% annual growth was just 4 years.
- 69% of the dams in the US (62,700 of the nation’s 90,500 dams) were built before 1970.
- 15% of the US population today is age 65 or older, or approximately 1 of every 7 Americans. By the year 2047, 22% of the US population will be age 65 or older, or approximately 2 of every 9 Americans.
- The US homeownership percentage (i.e. owner households as a percentage of total households) was 63.4% in 2016, the lowest percentage nationwide since 1965 when the rate was 63.0%.
- The IRS audited just 0.7% of individual returns in 2016 (i.e. 1 in 143). The number of people audited in 2016 (just over 1 million) dropped for the 5th consecutive year. (The IRS claims that for every $1 spent conducting an audit, $4 is returned in previously unpaid taxes.)
- 78% of former professional football players file for personal bankruptcy or suffer financial stress within just 2 years of retiring.
- The S&P 500 bull market that began on 3/9/09 is now in its 99th month. The average bull market, to include the current one, has lasted 61 months since 1950.
- In data tracked since 1976, the February 2017 unemployment rates in Arkansas (3.7%) and Oregon (4.0%) are the lowest ever reported.
- 54% of Americans surveyed would switch jobs for a better retirement plan.
- After adjusting numerical data from the past for the impact of inflation, the median household income today ($56,516) is lower than the median household income from 1999 ($57,909).
- 94.7% of home mortgages are current and performing as of 12/31/16. Just 2.3% of home mortgages were seriously delinquent (defined as 60 days or more past due) as of 12/31/16.
- 30% of American homeowners who are approaching retirement move. Of the 30% that move, a great number of homeowners buy a more expensive home compared to the number of homeowners who elect to downsize in retirement.
- The average decline for the S&P 500 during the 11 bear markets that have taken place since the end of World War II is 34%.
- The top one-tenth of 1% of US taxpayers based upon adjusted gross income paid more federal income tax during tax year 2014 than the federal income tax paid by the bottom 75% of taxpayers. (The top taxpayer of 1000 average taxpayers pays more in federal income tax than the bottom 750 taxpayers.)
- For tax year 2014, it took $465,626 of adjusted gross income (AGI) to rank in the top 1% of taxpayers, $188,996 to rank in the top 5%, $133,445 to rank in the top 10%, and $77,714 to rank in the top 25%.
- Of the 44 million Americans that have accumulated $1.31 trillion of student loans, 16% have at least $50,000 of debt each. Collectively this group has incurred 56% of all college student loans.
- Of metropolitan areas with populations of at least 1 million, Salt Lake City (3.0%) has the lowest unemployment rate nationwide while Cleveland (6.6%) has the highest.
- 2 of every 5 homeowners (41%) between the ages of 65-74 and 3 of every 5 homeowners (63%) at least age 75 own their home free and clear of debt.
- Social Security benefits are taxed by just 13 states as taxable income at the state level.
- The zip code with the highest median home value in the US ($6.2 million) is 94027 in Atherton, CA, home to many Silicon Valley executives.
- By 2030, the US could face a shortage of as many as 104,000 medical doctors, including 43,100 primary care physicians.
- Only three banks have failed in the US year-to-date and required a bailout from the Federal Deposit Insurance Corporation (FDIC). As of this date in 2010, 50 banks had failed.
- As of the end of 2016, there were 118.6 million households in the US, split 64/36 between homeowners (75.6 million) and renters (43.0 million). Since the end of 2011, the number of homeowners has increased by 300,000 while the number of renters has increased by 4.2 million.
- Property taxes represent 31.3% of the total tax revenue collected by states, greater than the 23.3% of tax revenue collected from sales taxes and the 22.9% of tax revenue that comes from individual state income taxes.
- 13% of American workers (i.e. 1 out of 8) with total household income of at least $100,000 believe they will live to age 100.
Source: “By The Numbers.” Direxion ETFs & Funds, 10 Apr. 2017 through 1 May 2017.