I came across the 2011 edition of The Statistical Abstract the other day and several interesting tidbits.
- 2.1% of households earn over $250,000. However, 3.4% of Asians exceed this level of income, 2.3% of Whites, .8% of Hispanics and .5% of Blacks. In total, 2.5 million households earn over $250,000 in the U.S.
- 24 million households earn more than $100,000. This is about 20% of all households. However, 30% of Asian households are doing better than this. Only 10% of Blacks bring in this much.
- The top 5% of households ($180,000 or more of income) earned 21.5% of aggregate income. This is down from the 22.1% the top 5% earned in 2000. This seems to counter the argument that the "rich"benefited from the Bush years.
- 29.5% of Americans 25 years and over have graduated from college. 29.9% of Whites, 52.3% Asians, 13.2% Hispanics and 19.3% Blacks. In 1970, only 4.4% of Blacks were college graduates and only 31% were high school graduates compared to 84% today. This is major progress.
- In 1960, we spent $27 billion on all health care expenditures in the country. 50% of this amount was paid out of pocket by consumers. In 2010, we spent $2.6 trillion and only 11% was out of pocket.
- $114 billion was spent on gambling in 2008. This is almost 5 times what was spent in 1990 (in real terms). To put this in perspective, we s only spent $7 billion on museums and libraries, $10 billion at motion picture theaters, $21 billion on spectator sports and $16 billion on all other live entertainment.
- We spent 3 times as much on recreation in 2008 as we did in 1990 (in real terms).
- 17% of the population moved to a new residence at some point in 1981. Only 12% moved in 2009. 26% of 25-29 year group moved in 2009 but only 4% of those 85 years and older. The West is the most mobile (15%) and the Northeast is the least mobile (8%).
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