Approximately 55% of grandparents contribute financially to their grandchildren's college education, with 15% contributing $5,000 or more per year (Source: Journal of Financial Planning, September 2006).
In the United States, taxes (including income, sales, business, and miscellaneous) account for 25.5% of the country's gross domestic product. That compares to 50% in Sweden, 48% in Denmark, 46% in Belgium, 25% in Japan, and 19% in Mexico (Source: Organization for Economic Cooperation and Development, 2006).
Approximately two-thirds of the country's 500 largest companies offer company stock as an option in their 401(k) plans (Source: Profit Sharing/401(k) Council of America, 2006).
According to a survey of affluent households, 40% of those with children under 18 feel that their children view money as a right, not a responsibility. Almost 25% worry that money will discourage their children from working hard in school or at their careers. And 20% expect to support their children well into adulthood (Source: Journal of Financial Planning, September 2006).