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Real GDP per capita (measured in 2009 dollars) was $52,444 in 2017 and has been growing each year since 2010. It grew 3.0% per year on average in the 1960s, 2.1% in the 1970s, 2.4% in the 1980s, 2.2% in the 1990s, 0.7% in the 2000s, and 0.9% from 2010 to 2017. [ 138 ]
One 2017 NBER study argued that real estate investors (i.e., those owning 2+ homes) were more to blame for the crisis than subprime borrowers: "The rise in mortgage defaults during the crisis was concentrated in the middle of the credit score distribution, and mostly attributable to real estate investors" and that "credit growth between 2001 ...
The net worth of the United States sharply declined to 5.2 times GDP by the end of 2008 due to declines in the values of US corporate equities and real estate in the wake of the subprime mortgage crisis and the 2007–2008 financial crisis. Between 2008 and 2009, the net worth of US households had recovered from a low of 3.55 times GDP to 3.75 ...
Real GDP growth rate by U.S. state in 2021 according to the U.S. Bureau of Economic Analysis This is a list of U.S. states and territories by gross domestic product (GDP). This article presents the 50 U.S. states and the District of Columbia and their nominal GDP at current prices.
As banks began to give out more loans to potential home owners, housing prices began to rise. Lax lending standards and rising real estate prices also contributed to the real estate bubble. Loans of various types (e.g., mortgage, credit card, and auto) were easy to obtain and consumers assumed an unprecedented debt load. [259] [228] [260]
By comparison, total U.S. household assets, including real estate, equipment, and financial instruments such as mutual funds, was $62.5 trillion in 2005. [155] Total U.S. Consumer Credit Card revolving credit was $931.0 billion in April 2009. [156] The U.S. balance of trade deficit in goods and services was $725.8 billion in 2005. [157]
In a United States presidential election, the popular vote is the total number or the percentage of votes cast for a candidate by voters in the 50 states and Washington, D.C.; the candidate who gains the most votes nationwide is said to have won the popular vote.
In 2000, in the city the population was spread out, with 23.3% under the age of 18, 7.8% from 18 to 24, 24.1% from 25 to 44, 27.5% from 45 to 64, and 17.3% who were 65 years of age or older. The median age was 41 years. For every 100 females, there were 93.3 males. For every 100 females age 18 and over, there were 92.3 males.