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14 Funny Statistics And 14 Not So Funny Statistics About This “Economic Recovery”

March 22, 2011 0 Comments

The Trading Report compiled these 14 funny statistics about this economic recovery and 14 not so funny statistics about this economic recovery. 

 

Funny – Who said that the titans of Wall Street couldn’t look hot?  According to the American Society of Plastic Surgeons, facelifts for men jumped 14 percent last year.

Not Funny – According to the U.S. Labor Department, unemployment actually increased in 351 of the 372 largest U.S. cities during the month of January.

Funny – The average bonus for a worker on Wall Street in 2010 was only $128,530.  It appears that more Wall Street bailouts may be needed.

Not Funny – During this most recent economic downturn, employee compensation in the United States has been the lowest that it has been relative to gross domestic product in over 50 years.

Funny – According to DataQuick Information Systems, the sale of million dollars homes rose an average of 18.6 percent in the top 20 major metro areas in the U.S. in 2010.  But is spending a million dollars on one house really worth it?  After all, over the past several years there have been times when you could buy a house in some bad areas of Detroit for just one dollar.

Not Funny – In 2010, for the first time ever more than a million U.S. families lost their homes to foreclosure, and that number is expected to go even higher in 2011.

Funny – According to Moody’s Analytics, the wealthiest 5% of households in the United States now account for approximately 37% of all consumer spending.  Most of the rest of us don’t have much discretionary income to spend these days, but at least we have Justin Bieber, American Idol and Dancing with the Stars to keep us entertained.

Not Funny – According to Gallup, the U.S. unemployment rate in mid-March was 10.2%, which was virtually unchanged from the 10.3% figure that it was sitting at exactly one year ago.

Funny – According to the Wall Street Journal, sales of private jumbo jets to the ultra-wealthy are absolutely soaring….

Sales of private jumbo jets are so strong that Airbus and Boeing now have special sales forces devoted to potentates and the hyper-rich.

Not Funny – There are now over 6.4 million Americans that have given up looking for work completely.  That number has increased by about 30 percent since the economic downturn began.

Funny – Porsche recently reported that sales increased by 29 percent during 2010.  Even Porsche jokes are coming back into style….

Question: Why did the blonde try and steal a police car?

Answer: She saw “911” on the back and thought it was a Porsche.

Not Funny – Approximately half of all American workers make $25,000 a year or less.

Funny – Cadillac recently reported that sales increased by 36 percent during 2010.

Not Funny – According to the U.S. Energy Department, the average U.S. household will spend approximately $700 more on gasoline in 2011 than it did during 2010.

Funny – Rolls-Royce recently reported that sales increased by 171 percent during 2010.

Not Funny – According to a new study by America’s Research Group, approximately 75 percent of all Americans are doing less shopping because of rising gasoline prices.

Funny – According to the New York Post, Barack Obama enjoyed a total of 10 separate vacations that stretched over a total of 90 vacation days during the years of 2009 and 2010.  Apparently Barack Obama was not talking about himself when he told the American people the following….

“If you’re a family trying to cut back, you might skip going out to dinner, or you might put off a vacation.”

Not Funny – When 2007 began, 26 million Americans were on food stamps.  Today, an all-time record 44 million Americans are on food stamps.

Funny – Ralph Lauren reported a 24 percent increase in revenue in the fourth quarter of 2010.  It is good to know that preppies are thriving in this economy.

Not Funny – The Ivex Packaging Paper plant in Joliet, Illinois is shutting down for good after 97 years in business.  79 good jobs will be lost.  Meanwhile, China has become the number one producer of paper products in the entire world.

Funny – Luxury jewelry retailer Tiffany & Co. recently announced that their profits increased by 29 percent in the 4th quarter of 2010.  All of the men that did not buy their women jewelry during the holidays are trying to keep this particular news item from getting passed around.

Not Funny – Average household debt in the United States has now reached a level of 136% of average household income.

Funny – In 2009, only 18,288 vehicles with a price tag of $100,000 or more were sold in the United States.  In 2010, 32,144 such vehicles were sold.  It appears that “showing off for chicks” is now very much back in style.

Not Funny – The U.S. economy now has 10 percent fewer “middle class jobs” than it did just ten years ago.

Funny – Porsche has announced that they will soon be taking orders for their first hybrid sports car, the 918 Spyder.  The price tag on one of these puppies will only be $845,000.

Not Funny – The average CEO now makes approximately 185 times more money than the average American worker.

Funny – Barack Obama recently played only his 61st round of golf since moving into the White House.  Many are now concerned that Obama is simply not getting enough free time.

Not Funny – According to one recent study, 21 percent of all children in the United States were living below the poverty line during 2010.

 

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