Skip to Content


Did You Know?

From the Journal of Financial Planning (JFP) "Stat Bank" www.journalfp.net

Percentage of baby boomers who expect to receive an inheritance in the future . . . 15
-JFP, December 2011

Trillions in consumer household debt as of mid-year 2011 . . . $13.3
-JFP, December, 2011

Percentage of American workers who plan to work past the age of 65 . . . 59
-JFP, September 2011

Average amount in wages, pension, and Social Security benefits lost by a woman who takes time off to care for an aging parent . . . $283,716
-JFP, August 2011

Total annual price of health care for a family of four in a preferred provider plan (PPO) in 2011 (employee share is $8,008), up 7.3 percent over last year . . . $19,393
-JFP, July 2011

Percentage of Americans who have tapped their retirement savings (IRA or 401k) in the last year for an emergency . . . 19
-JFP, July 2011

Percentage of Americans earning $100,00 or more who use credit cards to buy necessities they can't afford otherwise . . . 34
-JFP, July 2011

Percentage of bachelor-degree graduates in 2008 with student loan debt, averaging about $24,000 per graduate . . . 2/3
-JFP, June 2011

Percentage of individual investors who say their trust in the financial services industry has declined since last year . . . 46
-JFP, April 2011

Average IRA balance held by men, compared to an average $51,314 IRA balance held by women . . . $91,063
-JFP, November 2010

Number of months that 45 percent of Americans think they could meet their financial obligations if they lost their jobs . . . <1
-JFP, October 2010

Percentage of Americans who were jobless in 2009 but back to work by March 2010, who took a pay cut at their new jobs . . . 55
-JFP, September 2010

Year when emerging markets are predicted to surpass advanced economies in terms of their share of the world economy (global output) . . . 2013
-JFP, July 2010

Value of total household savings and investments for more than half (54 percent) of workers . . . <$25,000. . . 27 percent have less than $1,000
-JFP, May 2010

Amount that a typical couple at age 65 can expect to spend over their remaining lifetime on healthcare costs, including nursing home care . . . $260,000
-JFP, May 2010

Number of baby boomers becoming eligible for Medicare and Social Security each day for the next two decades . . . 10,000
-JFP, April 2010

Average amount of 401(k) balances for those over age 60 . . . $115,000
-JFP, February 2010

Percentage of Americans who have not created a financial plan who say they do not know where to turn for financial advice . . . 42.5
-JFP, February 2010

Percentage of male retirees who are very confident their savings will carry them through retirement at an acceptable level . . . 47 . . . Percentage of female retirees who profess such confidence . . . 30
-JFP, January 2010

Percentage of 401(k) participants who had made no changes to their investments since the start of this recession, as of the Spring of 2009 . . . 77
-JFP, December 2009

Percentage of retired Americans who financially support their children . . . 53
-JFP, November 2009

Average annual cost, in dollars, for tuition, fees, room, and board at private four-year schools . . . 35,636
-New York Times, October 21, 2009

Percentage of mutual fund owners who don't know which funds they own . . . 36
-JFP, October 2009

Percentage of married couples who discuss investment decisions related to retirement with one another . . . 38
-JFP, August 2009

The median retirement savings balance in dollars of consumers over age 60 . . . 42,000
-JFP, August 2009

Percentage of workers in 2004 covered by a defined-benefit plan versus 61 percent dependent on a defined-contribution plan . . . 11
-JFP, December 2008

Percentage of people reluctant to openly discuss their credit card debts . . . 82
-JFP, November 2008

Percentage of 18-to-34-year-olds living with their parents, up from 29 percent in 1980 . . . 34
-JFP, October 2008

Percentage of parents who give money to their adult children to pay for major expenses such as credit card balances and student loans . . . 90
-JFP, June 2008

Percentage of American couples who argue over money at least once a month . . . 60
-JFP, June 2008

Percentage of people age 65-74 who had a mortgage on their primary residence in 2004, versus 19 percent in 1992 . . . 32
-JFP, April 2008

Percentage the dollar has declined since 2005 against a basket of foreign currencies . . . 36
-JFP, January 2008

Percentage of participants who don't know how much they are paying in fees and expenses for their 401(k) plan . . . 83
-JFP, December 2007

Percentage of U.S. households caring for older family members at home . . . 25
-JFP, December 2007

Percentage of respondents reporting they've had a problem with a family member over dividing a dead relative's belongings . . . 64
-JFP, October 2007

Percentage of long-term care (institutional and home) paid out of pocket in 2004. . . 32; paid by private insurance . . . 4
-JFP, October 2007

Percentage of Americans who keep close track of their expenses . . . 39
-JFP, September 2007

Number of dollars out of every five that will be spent on health care by 2016 . . . 1
-JFP, May 2007

Percentage of people in same-sex couples who are uninsured, versus 10% in married couples . . . 20
-JFP, April 2007

Percentage of eligible workers age 21-30 who contribute to their 401(k) plan . . . 33
-JFP, February 2007

Percentage of today's workers who mistakenly think they'll be eligible for full Social Security benefits earlier than they qualify . . . 49
-JFP, November 2006

Percentage of taxpayers incorrectly reporting capital gains or losses on their tax returns due to confusion over how to calculate the number . . . 38
-JFP, October 2006

Percentage of investors who failed to choose lowest-fee funds among comparable index funds even after given information on fees . . . 80
-JFP, October 2006

Number of U.S. senior citizens, in millions, who are financially abused each year through investment scams . . . 5
-JFP, June 2006

Number of affluent families out of every ten affluent families who will lose their fortune by the end of the third generation . . . 9
-JFP, June 2006

Percentage of senior citizens who plan to stay in their homes as they age . . . 81
-JFP, January 2006

Number of tax law changes since the 1986 tax act . . . 15,000
-JFP, January 2006

Percentage pass rate for those sitting for the CFP® Certification Examination (comprehensive) since the first exam cycle in 1991 . . . 57
-JFP, October 2011

TC Schwab Financial Planning, LLC/Did You Know?