China had 12 million births in 2020, more than 3 times the 3.6 million births that took place in the United States last year. (Source: National Vital Statistics System)
BUSINESS DONE ON A CELLPHONE
The US banking industry, employing 2 million workers today, is forecasted to eliminate 10% of that total (200,000) during the upcoming decade. The reductions will take place in local bank branches and regional call centers. (Source: Mike Mayo, Wells Fargo Bank Analyst)
In 1/20, prior to COVID-19, annualized US households spending on goods was $4.59 trillion/year. Last month, spending was a staggering $5.45 trillion, up to 18.7%. Conversely, during 1/20, annualized spending on services totaled $10.29 trillion, its now at its post-pandemic his of $10.11 trillion, virtually unchanged. Total spending on goods and services is up from $14.88 trillion to $15.56 trillion! This is an astoundingly rapid increase and huge change in composition.