DID YOU KNOW? US-China trade talks have apparently hit an impass after several weeks of solid hope that a deal was about to be struck. This deal is a critical factor for the US economy right now and one we need to watch closely. Markets don't like uncertainty. (WSJ)
DID YOU KNOW? Roughly 25% of millennials say they receive financial support from their parents for rent, mortgage and student loan payments.13% say their parents pay all of their rent or mortgage. (CNBC)
DID YOU KNOW? The number of households with student loan debt doubled from 1998 to 2016 (Pew). The median amount of loan debt millennials carried was $19,000, significantly higher than Gen-Xers’ balance of $12,800 at the same age. Middle-class life is now 30% more expensive than it was 20 years ago (That's about 1.35% annual inflation). (CNBC)
DID YOU KNOW? IRS data for 2016 show that the so-called 1% of taxpayers earning more than $500,000 in adjusted gross income included 1.3 million of the total 150.3 million returns filed that year. (Marketwatch)
DID YOU KNOW? What was the job most billionaires had before making their billions? SALES. Sales is the driver of ALL business. Sales is the fundamental aspect to all businesses and without it, businesses could not and would survive. Sales are the oxygen of business. No great leader doesn't understand this. Few - if any - super-successful entrepreneurs are bad at sales or don't fully appreciate the role sales play in every organization. (CNBC)
DID YOU KNOW? Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. New home sales increased 4.5% to a seasonally adjusted annual rate of 692,000 units last month, the highest level since November 2017. February’s sales pace was revised down to 662,000 units from the previously reported 667,000 units. Economists polled by Reuters had forecast new home sales, which account for 11.7% of housing market sales, decreasing 2.5% to a pace of 650,000 units in March. The median new house price dropped 9.7% to $302,700 in March from a year ago, the lowest level since February 2017. The drop was because of an increase in the share of homes sold in the $200,000-$300,000 price range.(Reuters)
DID YOU KNOW? While many people retiring might fantasize about a big move, most stay within their own state. The Census Bureau estimates that only 348,000 people moved last year for retirement reasons. These are the 10 most popular retirement cities…
1. Henderson, Nev. 2. San Antonio, Texas 3. Scottsdale, Ariz. 4. Mesa, Ariz. 5. Las Vegas, Nev. 6. Gilbert, Ariz. 7. Surprise, Ariz. 8. Raleigh, N.C. 9. Eugene, Ore. 10. Peoria, Ariz.
DID YOU KNOW? The S&P 500 and the Nasdaq closed at record highs yesterday as strong earnings and Wall Street optimism bolstered retail and health-care companies. The Dow also ended the day with healthy gains. In earnings news, almost 80% of companies to report so far have beaten expectations. (Barrons)
DID YOU KNOW? NIkla Ahola from Compass Naples sent us news that Naples has been voted again the HAPPIEST, HEALTHIEST CITY IN THE USA for the 4th year in a row by Gallup! Salinas, Santa Rosa, Boulder and Ann Arbor came in second through fifth respectively.