Economic Data summary
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(if income kept pace with line item)
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2011 Hypothetical(based on 1985-2010)Pct of Median Household Income
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Med Inc*Min Wage19522010-11 IncreaseProjected 2040cagr 2011-204019522010-112040
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MEDIAN HOUSEHOLD INCOME3,90049,00011.6X109,0002.8%
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Federal Minimum Wage0.757.259.7X
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Federal Min Wage - Annualized (2000hr/yr)1,50014,500
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Fed Min Wage - % of Med HH Inc38%30%
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218,04345.91HealthCare Spending per Household27421,80078.6X85,0004.8%7%44%78%
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94,71414.01Average House7,000170,00023.3X503,0003.8%179%347%461%
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88,18118.57One year at Ivy League school1,58551,00031.2X221,0005.2%41%104%203%
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119,80125.22Price of Gold351,53042.7X
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119,58725.18Dow Jones Average27512,00042.6X
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111,26723.43GDP ($ bil)35814,53539.6X 57,822 4.9%
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Money Supply –M3 ($bil)13513,20096.8X
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Average Monthly Increase(000)
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1952-20102010-2040
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Population (Mil)15730896%3770.7%217192
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Population (20-65)91185103%2060.4%13558
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Total Employment (Household Data))60141133%1600.4%11654
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Male Employment437676%810.2%4714
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Female Employment1765281%790.7%6941
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Percent of GDP
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Government Spending on ($ bil) :1950201019522010-112040
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Healthcare2.71,042385X 10,419 8.3%0.9%7.2%18.0%
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Pensions1.4940670X 5,079 6.0%0.5%6.5%8.8%
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Education9.690994X 4,686 5.8%3.3%6.2%8.1%
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Defense24.284835X3,3104.8%8.2%5.8%5.7%
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Welfare5.7715125X5,9257.6%1.9%4.9%10.2%
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Protection1.4318227X4,5619.6%0.5%2.2%7.9%
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Interest4.929960X2,5257.6%1.7%2.1%4.4%
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All Other20.4798.539X1,8563.0%6.9%5.5%3.2%
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Total Government Revenue69.04,57665X 17,548 4.7%23.5%31.4%30.3%
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Total Government Expenditures70.35,87083X 38,361 6.7%23.9%40.3%66.3%
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Deficit1.31,294 20,813 0.4%8.9%36.0%
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Gross Public Debt289.018,30063X240,0009.3%98%125.8%415%
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* Hypothetical median incomes reflect reduction in size of households from 3.7 in 1952 to 2.6 people in 2011.
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