Fun Facts About The American Economy
One of the leading economies in the world, the American economy has held strong and is used as one of the primary economies when dealing with international money. Here are some American economy facts and other fun facts that you may not have known.
- Over the past few years, job opportunities have increased which in turn has seen improvement in the overall economy. Against other nations and economies, the USA economy is seeing the most robust recovery which makes for a very attractive country for those looking to advance their studies and careers.
- Although you may think that job growth would decrease when the minimum wage was increased to $10.10, overall it hasn’t. If anything the growth in jobs has improved since the minimum wage was lifted with many people willing to find more work.
- Since January 2013, there are only 16 people left who were born in the 1800s. During their lifetime, US stock dividends that have been reinvested have increased 28,000 fold during their lifetimes.
- America is a rich nation but there is plenty of struggling middle class and lower income Americans. Harvard professor David Wise along with 2 of his colleagues said in a study that 46.1% of Americans will die with assets less than $10,000.
- If Carlos Slim and Bill Gates’s net worth was divided up by their age, you would find that they would have accumulated $100,000 in net worth for each hour they have been alive on this planet.
- Since 1928, there has been an increase of 10% eight times in a single day for the Dow Jones. There has also been a decline of more than 10% in a single day up to four times per day, and it either goes up or down in a single day of 5% roughly 136 times.
- Since beginning in 1859, US oil production has grown more than any other year in 2012.
- If you start with 1 US dollar and double it every day, in roughly 48 days you will own about $200 trillion – equivalent to owning every financial asset on the planet.
- The US economy is 2.9% larger than it was in 2008.
- In 2011, $298 billion was given to charities. It is more than the GDP of all but 33 of the world’s countries.