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Interesting Facts and Stats
 | During the 1990's public four year college tuition and fees increased 53%
and private four year institution fees increased 41% |
| (U.S. Department of Education, Senate Committee on
Governmental Affairs, Sept 2001) |
| On Average a bachelor's degree is worth $17,000 more per year in
increased earnings than a high school diploma. Over a lifetime of
work that is $600,000. |
| (U.S. Department of Education, Senate Committee on
Governmental Affairs, Sept 2001) |
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Percentage of American Households that Own their Home - 66.8%
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(Department of Housing and Urban Development,
2000)
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Percentage of income average Medicare beneficiary 65 and older
pays out of pocket each for health care, not including long-term care. -
19%
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(AARP, 2001)
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53% of American households live from paycheck to
paycheck. |
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(Consumer Federation of America, 2000) |
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85 % of men 65 or older still working in 1900 |
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17% of men 65 or older still working in 2000 |
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(Bureau of Labor Statistics, 2000) |
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50% of American households carry a credit card balance
from month to month. |
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(Detroit News June 2001) |
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Percentage of increase in number of Social Security
Beneficiaries since the end of 1940 - 19,600% - 10/2000 |
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(Social Security Administration) |
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Only 48.8 % of American Families hold retirement
accounts. 5/2000 |
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(Federal Reserve) |
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Increase in number of years of life expectancy at birth from
1900 to 2000 in the United States - 30 Years |
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(Business Week)
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Percentage of households expected to have dual careers in the
early 21st century - 80% |
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(Runzheimer International)
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Percentage of income average Medicare Beneficiary 65 and older
pays out of pocket each year for health care not including long term care -
19% |
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(AARP)
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1981, the First 401(k) is started by Ted Benna at The Johnson
Companies
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Michigan in 1867 became the first state to institute a
property tax to support a university.
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1977, the first personal computer, the Apple II, goes on sale.
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1952, the first bank credit card is issued by Franklin
National Bank in New York.
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1966, Medicare is inaugurated.
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4.. Percent of eligible workers who currently put the
maximum contribution into a 401(k) plan. (source - U.s.
Treasury Dept. 2000)
30... Percent of retirement plan participants who cash
out the balance of their plan instead of rolling it into an IRA or other Plan. (source Putnam Investments 2001)
39... Percent of retirement plan participants age 18-34
who cash out the balance of their plan instead of rolling it into an IRA or
other plan. (source Putnam Investments 2001)
80... Percent of long term care provided at home by
family and friends. (source - The Gerontologist 2001)
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