November 2004
Journal of Financial Planning;Nov2004, Vol. 17 Issue 11, p24
Academic Journal
This article presents finance-related statistics in the U.S. as of November 2004. The total long-term care expenditures expected to be paid for by private long-term care insurance is 4 percent. The annual loss in return by the average stock mutual fund due to fund's trading is 1 percent. According to the Federal Reserve, it is likely 2.6 percent that nominal home prices will likely climb over the next three years. However, it is likely 10 percent that home prices will decline on an inflation-adjusted basis over the next three years. The Congressional Budget Office estimated a 6 to 12 percent decline in charitable donations if the estate tax were repealed. The Bureau of Labor Statistics states that 57 percent of workers who lost full-time jobs now work at new full-time jobs paying less than old job. Meanwhile, 63 percent of people under age 65 are covered by job-based health care plans in 2003, versus 67 percent in 2001.


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