By The Numbers - August 2018Submitted by S. F. Ehrlich Associates, Inc. on August 23rd, 2018
Source: Direxion Funds
August 15, 2018
- The yield on the 10-year Treasury note closed at 1.36% on 7/08/16, its lowest closing yield ever. (10-year notes have been traded in the USA since 1790, i.e., 228 years of trading.) The yield on the 10-year note closed last Friday (8/17/18) at 2.85%.
- Proposed US tariffs on car imports will add an estimated $5,800 to the price of an imported foreign vehicle.
- 45 US states collect statewide sales taxes, i.e., 5 states (Alaska, Delaware, Montana, New Hampshire and Oregon) have no state sales tax. California has the highest state sales tax (7.25%) in the nation.
- The annual household costs of a family with 2 adults and 2 children is 140% of the annual household costs of a family with 2 adults and no children.
- The average American household, even after the benefit of Medicare coverage, spends $197,000 in “out-of-pocket” health care costs during retirement. This figure does not include any costs relating to nursing home care.
- 6 out of 7 Millennials (86%) would “consider” taking a cut in pay to work for a company that follows “a mission and values” that aligned with their own. Millennials were born between 1981-97 and are age 21-37 in 2018.
- On 7/01/18, the price of a barrel of oil was $74.15 while the average price of a gallon of gasoline was $2.85. On 7/01/17 (1 year ago), the price of a barrel of oil was $46.04 while the average price of a gallon of gasoline was $2.24.
- 40% of the robots used in the United States today are in the auto industry.
- Just 3.7% of American seniors wait until age 70 to begin claiming their monthly Social Security retirement benefits.
- If you missed the 5 best performance days in the past 10 years (i.e., 5 days in total, not 5 days each year), your average return was cut by more than 4 percentage points to +5.8% per year.
- 1 out of every 22 individual income tax returns (4.5%) filed for tax year 2015 reported adjusted gross income of at least $200,000.
- In the week ending 7/13/18, American oil companies produced 11.0 million barrels of crude oil a day, then turned around and exported 1.5 million barrels of crude a day. The USA also imported 9.1 million barrels a day, with 40% of the imports coming from Canada.
- More than half (55%) of the manufacturing in the world is done in just 4 countries: China, the United States, Japan and Germany.
- If you selected any single month at random to invest in the S&P 500 (at the close of the prior month) during the 25-years ending 6/30/18, you achieved a positive total return 66% of the time. If you extend your investment time horizon to just 1 year, you achieved a positive total return 81% of the time. If your time horizon was 2 years, you achieved a positive total return 80% of the time.
- There are 2.8 workers paying payroll taxes for every 1 Social Security beneficiary in 2018 (i.e., there are 36 beneficiaries for every 100 covered workers today). The program is projecting that there will be 2.2 workers for every 1 Social Security beneficiary in the year 2035 (or 46 beneficiaries for every 100 covered workers in 2035.
- The companies in the S&P 500 received 43% of their 2016 sales from foreign customers.
- The top 3 American exports sold in 2017 to foreign buyers were aircraft, gasoline (and other refined petroleum products), and motor vehicles.
- Lenders foreclosed on 133,290 homes in the first 6 months of 2018, down 21.2% from 169,124 foreclosures in the first half of 2017. The peak of bank repossessions in the last decade was in 2010 when more than 1 million homes (1,050,500) were taken back by lenders.
- 19% of the US population is currently receiving a monthly benefit payment from Social Security, i.e., 62 million beneficiaries out of 328 million Americans.
- An average American worker has increased his/her productivity by +101% in the last 40 years, i.e., an average worker can complete in 1 hour as of 12/31/17 the same amount of work that it took him/her 2 hours to finish as of 12/31/77.
- 65% of Americans surveyed in July 2018 think “it’s a good time to buy a house.” That percentage was as high as 83% in December 2014 and hasn’t been as low as 65% since December 2008.
- National health expenditures were $3.34 trillion in 2016, projected to grow to $5.70 trillion by the year 2026. 37% of the $3.34 trillion are Medicare and Medicaid expenditures.
- Alaska, the largest US state (by acre), represents 17.4% of all US land. Alaska’s size (424 million acres) is larger than the combined acres covered by the next 3 largest states – Texas, California, and Montana.