June 2004
Journal of Financial Planning;Jun2004, Vol. 17 Issue 6, p25
Academic Journal
The article presents numbers representing facts related to finance. The number of mutual funds owned by a consumer with a question to Morningstar.com about how to reduce the number to 12 is 46. Forty is the percentage of new car-buyers taking out loans of five years or more, versus 24 percent in 2002. The number of minutes per day the average worker spends saving money for himself while the rest of the day's wages go to housing, food, transportation, taxes, medical care and other expenses is 15. Fifty-one is the number of working days a household earning $75,000 gross income would need to pay off a $9,340 credit card bill at $200 a month with a 16.44 percent interest rate. Twenty is the percentage of U.S. millionaires planning to give away most of their money to charity because of fear of spoiling their children. The percentage increase in sales of publicly registered direct investment programs in 2003 versus 2002 sales is 78. Nine thousand is the number of new cars sold in the U.S. in 2003 costing at least $100,000. 2019 is the year when Medicare is expected to go broke, assuming no program changes. The previous estimate of year when Medicare would go broke is 2026. Finally, 16.9 billion dollars is the estimated amount that would be spent on marriage ceremonies by gay couples living together if same-sex marriages were legalized.


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