May 2001
Journal of Financial Planning;May2001, Vol. 14 Issue 5, p24
Academic Journal
This article presents statistics in the financial services industry in the U.S. as of May 2001. It was learned that 18 is the percentage lost from an investor's ending balance after 20 years due to a one-percent increase in a fund's annual expenses. The percentage of people who bought long-term care insurance who were influenced by information presented at a seminar is 24 percent. Eighteen is the number of years men spend in retirement today versus 13 years in 1965. Women however, spend 20 years in retirement compared to 16 years in 1965. 1995 was the first time in U.S. history that consumers bought more with credit cards than cash. 51 percent of investors say they are less likely to invest in index mutual funds in the next two years.


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