August 2006
Journal of Financial Planning;Aug2006, Vol. 19 Issue 8, p11
Academic Journal
The article presents statistics relevant to financial planning and the economy in the United States. The Wall Street Journal reports that 33.4% of the nation's wealth belongs to the wealthiest 1% of Americans. In 2005, 39.9% of real estate purchases were for second homes, according to the National Association of Realtors. The Internal Revenue Service says that 41% of taxpayers who request some tax relief are granted it. 6 billion pre-approved credit card offers are mailed to Americans each year, and California has more millionaires than any other state.


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