Hoover Institution at Stanford University Hoover Institution Stanford University

Facts on Policy™

Facts on Policy

FACTS ON POLICY™ highlights facts relevant to current issues of public interest, adding context to the world of opinion, commentary, and policy dialogue.

Facts on Policy is on hiatus for the summer of 2009.

MOST VIEWED

MOST PRINTED

MOST EMAILED

MOST SAVED

(LAST 7 DAYS)

1. Consumer Spending
Personal consumption accounts for 70 percent of gross domestic product.

2. Homeownership Rates
Homeownership rates in the United States peaked in 2004, hitting 69.2 percent.

3. The California Economy
California has the eighth-largest economy in the world.

4. Income Tax Distribution
The individual income tax share that the wealthiest Americans pay has steadily increased over time.

5. Historical Inflation Rates
Since 1990, annual inflation has hovered at historically low levels—averaging under 3 percent per year.

6. U.S. Savings Rate
In 2005, the U.S. savings rate hit negative levels for the first time since the Great Depression.

7. Prison Demographics
In December 2006, there were 1.57 million people in federal or state prisons.

8. China's Economic Growth
Over the past seventeen years, China’s economy has grown, on average, by more than 10 percent per year.

9. Consumer Debt
Household debt fell for the first time in fifty-six years.

10. Crude Oil Production
The United States is the third-highest crude oil–producing nation in the world.