Talking Points: October 21, 2019

October 21, 2019

Corn is the most popular vegetable in America, but the most surprising result of a recent study may be that a staggering number of adults, about one in four, haven’t eaten any vegetables their entire lives. Studyfinds.org, October 8, 2019

Worldwide, there are now more people overweight or obese (2.9 billion) than there are underfed (800 million). The Week, October 13, 2019

The overall tax rate for the 400 wealthiest households in America, including federal, state, and local taxes, was 23% last year, lower than any other income group for the first time on record. The New York Times, October 6, 2019

Total attendance for major league baseball games during the regular season dropped by about 1 million fans this season to about 68.5 million, about 14% lower than a high of 79.5 million tickets sold in 2007. New York Times, September 29, 2019

The Labor Department reported last week that the unemployment rate fell to a 50-year low, but wage growth stalled. However, economists have found that wage growth has been truly stagnant only for workers in high-wage industries, such as medicine and consulting. For low-wage workers, earnings are growing twice as fast as for those at the top. The Atlantic, October 5, 2019

Roughly 37% of Californians aged 18-34 live with their parents, but California is not the only state with a high rate of young adults living with mom and dad. The living arrangement is equally common in high-cost states such as New York and Massachusetts. In New Jersey, an astonishing 46% of 18- to 34-year olds stay with at least one of their parents. LAist.com, August 27, 2019

“You don’t make poor people rich by making rich people poor.” Leon Cooperman

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