Source: Direxion Funds
May 15, 2018
- Major US retailers closed 6,955 stores nationwide during calendar year 2017, a total greater than the number of closures that occurred in any single year during the global financial crisis that began 10 years ago.
- Student loan debt, equal to $1.38 trillion as of 12/31/17, has doubled in just over 8 years. Student loan debt was $690 billion as of 9/30/09.
- 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 or 51 years earlier when the rate was just 63.0%. The homeownership percentage rose to 63.9% in 2017.