51% of the $64.2 trillion forecasted by the Biden White House that the US government will spend over the next 10 fiscal years, i.e., fiscal year 2022 through and including fiscal year 2031, are outlays for Social Security, Medicare, and Medicaid. (Source: Budget of the U.S. Government released 5/28/21)
There were 1.16 million existing homes for sale nationwide as of 4/30/21. The 1.03 million “for sales” as of 2/28/21 was the lowest level ever reported for a statistic that has been tracked since 1999. (Source: National Association of Realtors)
JUST KEEPS RUNNING
The average car on the road in the USA at the end of 2020 was 12.8 years old, up from 10.2 years old as of the end of 2005. (Source: IHS Markit)
The number of births in the US fell to 3.61 million, the lowest level since 1979 and down 4% from 2019. The fertility rate, or the average number of babies/woman over her lifetime, fell to 1.64, the lowest ever. Births peaked in 2007, and except for 2014 have fallen every year since. Birthrates fell for women of all ages including those 40-44, which have been steadily rising since 1985.