A Financial Revolution 

December 28, 2005
Fun with Statistics: The Statistical Abstract of the US

The US Census Bureau recently released the Statistical Abstract of the United States - 2006. The book provides a wealth of information about our lifestyles. The numbers can provide some possible ideas for investing. Here are a few interesting tidbits, but I leave the relevance to your portfolio for you to decide:

  • In 2004, almost 698 million passengers boarded planes in the U.S., up from 666 million in 2000. While there were more passengers, revenue per passenger mile declined from 13.5 cents in 2000 to 11.7 cents in 2004.
  • By 2003, Americans doubled their consumption of broccoli from 1980 levels.
  • 36% of American households have at least one dog, 32% have at least one cat. Higher income households have more cats and dogs than the average, but fewer birds than the average (4.2% vs. 4.6%).
  • American households spent a yearly average of $40,820 - $13,430 for housing, $7,780 for transportation, $5,340 for food, and $391 for alcohol.
  • Participation in almost every recreational sport declined, but attendance at sporting events increased.
  • Nearly 30 million people said they worked out at a health club.
  • 30% of Americans bought artwork in 2003 (perhaps it's time to replace my velvet Elvis.)

The abstract provides an interesting glimpse into American life. Now I just have to find that next trend that will make me rich...

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