Market Morsels

| June 11, 2019
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MONEY – The top 10% of taxpayers received 47% of the $10.2 trillion of adjusted gross income (AGI) earned nationwide in tax year 2016. The bottom 90% of taxpayers received the other 53% of AGI (source: IRS).

SUBJECT TO A TARIFF? – 35% of the auto parts used by domestic auto makers are manufactured outside the United States, then imported into America (source: Deutsche Bank).

LESS WEIGHT, MORE MILEAGE – Every 10% reduction in the weight of an auto improves its fuel efficiency by 6-8% (source: Department of Energy).

BIG CITY PEOPLE – 50% of the US population lives in just 143 counties in the USA, i.e., just 4.6% of the 3,142 counties throughout the nation are home to half our citizens (source: Census Bureau).

DO I REALLY NEED IT? – Only 37% of all jobs in the United States require education beyond high school, i.e., 63% of American jobs require a high school diploma or less (source: Department of Labor).

DISCRETIONARY VS. MANDATORY – Over the next decade (fiscal years 2019-2028), estimated discretionary spending by the US government is $14.1 trillion, an amount that is dwarfed by the government’s $35.9 trillion of projected mandatory spending (source: Office of Management and Budget).


Stay Tuned, Disciplined & Patient! {TJM}

The Investor & Character Equation (ICE) | S + R = O


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