Lee Eisenberg (firstname.lastname@example.org) and Adam Brooks send me great e-mails with interesting financial facts every month. As many of them are market related, so I can't repeat them without a license, but here are a few good ones that catch my eye:
A LOT OF MONEY - Outlays for the mandatory government programs of Social Security, Medicare and Medicaid during fiscal year 2009 (i.e., the 12 months that end 9/30/09 or later this month) are expected to total $1.36 trillion. A stack of $100 bills 923 miles high is equal to $1.36 trillion. The distance between Chicago and New Orleans is 923 miles (source: Office of Management and Budget).
BUNDLE OF JOY/DOLLARS - A family with before-tax income of at least $100,000 that had a newborn in 2008 will spend $367,000 (in 2008 dollars) to raise that child through age 17 (i.e., not including the cost of college). After factoring in the impact of inflation, the 17-year cost rises to $484,000 (source: Department of Agriculture).
GETTING BETTER - Nearly half of Americans surveyed (46%) believe the US economy is going to improve in the upcoming 12 months, double the percentage (22%) that believe the economy will get worse (source: Harris Poll).
3 hours ago