Three Financial Facts of the Week: October 14, 2015


Fact #1
California’s economic growth will outpace the nation overall for the next 5 years, according to the Los Angeles County Economic Development Corporation’s latest forecast. It sees GDP growth of 2.9% this year and 2.4% next year vs. U.S. gains of 2.1% and 1.8%, respectively.
Source: Investors Business Daily

Fact #2
Social media usage among Americans aged 65 and older has more than tripled since 2010. Today, 35% of Americans in that age group report using social media, compared with just 11% in 2010, according to a new report by the Pew Research Center.
Source: MarketWatch

Fact #3
Since 1928, the Dow Industrial Average has increased more than 10% in a day 8 times, declined more than 10% in a day 4 times, and gone either up or down more than 5% in a day 136 times according to Firmex.

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