Hoover Institution at 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.

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

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

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

4. Top Trading Partners
Canada is the United States' largest trading partner of goods.

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

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

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

8. School Funding Shift
U.S. public school funding was once primarily financed locally but over time it has shifted toward state and federal funding.

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

10. Foreign Aid
The United States is the largest contributor of foreign aid.

 


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