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ZOMBIES – It’s estimated that 17% of companies based in industrialized economies have been able to stay in business during the pandemic (and avoid bankruptcy) largely because of access to low interest rate debt. (source: Committee on the Global Financial System)
PRESCRIPTION DRUGS – The Inflation Reduction Act allows Medicare to negotiate directly with drug companies to lower prices on 10 prescription drugs beginning in 2026. This also includes inflation caps on the drugs it purchases. These changes are estimated to produce $288 billion in savings over the next decade. (source: Senate)
IT STARTS OUT WEST – In 2021, California had 563,070 registered electric vehicles (EV). This accounts for 39% of the total number of EVs in the US. No other state had even 100,000 registered EVs. (source: National Renewable Energy Laboratory).
MADE ALOT OF MONEY – The split of 'up' and 'down' trading days in the US stock market over the last 50 years (1972-2021) was a 53/47 split, respectively. In other words, despite the "every-other-day" volatility, the S&P 500 still generated an +11.1% per year return (source: BTN Research).
THIS WILL CHANGE IN THE FUTURE – Of the 128 million households in the USA, 91% own at least one vehicle, a total of 250 million. Of that total, 2 million of those vehicles are electric cars and trucks. (source: Census Bureau).
MAYBE, MAYBE NOT – There are currently 37 states that do not levy taxes on Social Security benefits. The remaining 13 states may or may not tax these benefits, depending on factors like total income. (source: USA Today)
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