Back to School Nuggets
By: Joseph Webb III, DD Twin Peaks Financial Ministries
• GET YOUR OWN PLACE - As of today, there are an average of 2.6 people in every American household. There are 121 million households nationwide (source: Census Bureau). • COST OF DOING BUSINESS - 69% of the total employee cost that an employer pays in the private sector is for wages and salaries. The other 31% is for the various benefits that are either legally required (e.g., Social Security) or are simply provided to attract and retain workers, including insurance, retirement plans and paid leave (source: Department of Labor). • COLLEGE COSTS - Tuition and fees for 1-year of college at an average 4-year public university (in-state tuition and fees) was $8,655 for the 2012-13 school year. That amount is within $8 of the cost of tuition and fees for 1-year of college at an average 4-year private university ($8,663) during the 1989-90 school year or 23 years ago. The figures do not include the cost of room and board (source: College Board).
cation at an in-state public college was $17,860 for the 2012-13 school year (including tuition, fees, room and board). The total
1-year cost has increased +5.9% per year over the last 30 years. If that same rate of inflation continues, then a 1st grader today will pay $155,277 for his/her 4-years of education at an in-state public college during the years 202428 (source: College Board). • THE BIGGEST - 7 of the 10 largest corporations in the world (based upon 2011 sales) are in the oil industry (source: Fortune).
• RUNNING ON EMPTY - The average car and light truck on the road today is 11 years old, tying an all-time record in the USA (source: Experian Automotive). • SUPER SIZE - An estimated 36% of US adults (78.1 million Americans) has a body mass index (BMI) measurement of at least 30, i.e., they are obese. An estimated 17% of US children (12.5 million children up to age 19) are obese (source: National Health and Nutrition Examination Survey).
200-meter dash on 8/09/12 at the London Olympic Games, running 19.32 seconds. That’s an average speed of 23.2 miles per hour (source: BTN Research).
• FAST LANE - Jamaican sprinter Usain Bolt won the men’s
• BIG BUCKS - The average cost for 1-year of college edu-