June 2003
Journal of Financial Planning;Jun2003, Vol. 16 Issue 6, p21
Academic Journal
This article presents statistics related to the financial services industry in the U.S. as of June 2003. Seventy-seven percent of investors who reported that they were satisfied with their primary financial advisor in 2000. The cost of tuition, fees, and room and board for the 2003-2004 school year at Harvard University is $38,000. The average mutual fund expense ratio in 2002 is 1.46, versus 1.30 percent in 1998. There were 10 stocks in the NASDAQ 100 at its market peak in March 2002 whose share prices have risen in the three years since then. Fifty-two percent of households owned stock directly or indirectly in 2001, versus 37 percent in 1992. Sixty-nine percent of median stock holdings rose from 1998 to 2001 for middle 20 percent of stock-owning households. Sixteen percent of after-tax income median family paid to service the debt in 2001, versus 18.1 percent in 1998. Fifty-six percent of women in the U.S. age 65 and older who are unmarried.


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