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By
Real Estate Agent with Ultra Real Estate Dallas Fort Worth

 

A LOT IN A FEW - Of the 524 bank failures that have occurred in the USA during the 10 years ending 6/30/17, more than half have occurred in just 4 states.  51% of the total bank failures (269) have taken place in Georgia (92), Florida (72), Illinois (65) and California (40).  9 US states had zero bank failures in the last 10 years (source: Federal Deposit Insurance Corporation).  

 

CUT IN HALF - There were 6.98 million out-of-work Americans as of 7/31/17.  There were 14.60 million out-of-work Americans as of 7/31/09 (source: Department of Labor).   

 

GETTING PAID IN DIFFERENT WAYS - Wages paid to "state and local" government workers have increased +37% in the last 15 years (through 6/30/17), less than the +41% increase enjoyed by workers in the private sector over the same time period.  However, benefits (e.g., pensions, health insurance) for "state and local" government workers have increased +84% over the last 15 years while benefits have increased just +55% for workers in the private (source: Department of Labor).  

 

SIGNIFICANT - 19% of the US population is currently receiving a monthly benefit payment from Social Security, i.e., 61 million out of 326 million Americans (source: Social Security).   

 

WE RENT - 95% of the new households created in the USA in the last 10 years were comprised of families that are renting, i.e., 8.13 million new renter households out of 8.56 million new households (source: Census Bureau).   

 

SOLD QUICKLY - An existing home that was sold in the United States in June 2017 was on the market before sale for just 28 days on average (source: National Association of Realtors).  

 

BIG DEBT - The Congressional Budget Office predicted on 6/30/17 that "government debt held by the public" would equal 91% of the size of the US economy in 2027b, its highest level since 1947 (source: CBO).  

 

DEADLY DISEASE - Senator John McCain (R-AZ) was diagnosed with brain cancer (glioblastoma) on 7/19/17.  There are 168 different clinical trials in America today that are run by medical researchers who are actively recruiting patients with glioblastoma, including 13 clinical trials in Arizona alone (source: ClinicalTrials.gov).    

 

WHERE DID THE MONEY GO? - Livan Hernandez, major league baseball pitcher from 1997-2012, filed personal bankruptcy in Florida in June 2017.  Hernandez made $53.1 million in his career (before tax), including $8 million in each of 2005 and 2006 (source: Major League Baseball).

 

 

 

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Susie Kay

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