Economy Facts

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There were fewer state and local education jobs in 2012 than there were in 2005, even though the number of 5- to 18-year-olds has increased by 600,000.

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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.

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“Last year, for the first time, spending by Apple and Google on patent lawsuits and unusually big-dollar patent purchases exceeded spending on research and development of new products,” writes The New York Times.

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“U.S. oil production grew more in 2012 than in any year in the history of the domestic industry, which began in 1859,” writes Tom Fowler of The Wall Street Journal.

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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.

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The population of Americans aged 30 to 44 is about to start increasing for the first time since 2000.

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There are 3.8 million fewer Americans aged 30 to 44 today than there were a decade ago.

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According to a study by Harvard professor David Wise and two colleagues, 46.1% of Americans die with less than $10,000 in assets.

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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.

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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.”

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