Interesting Tidbits for 01/11/2013

Logo of the Internal Revenue Service

Logo of the Internal Revenue Service (Photo credit: Wikipedia)

Allianz Life: people aren’t very good at saving money. It found 30% say they aren’t saving any money at all, while 24% are saving some, but not as much as they could. The survey also found plenty of other weaknesses, including: 18% of people don’t have a budget; 18% spend more money than they make; 15% are uneducated about financial planning; 12% pay bills late and 10% make minimum credit card payments.

American Express: people will tell an average of 9 other people when they get good service, while those who get bad service will tell 16 people.

National Federation of Independent Businesses: about 70% of small business owners think now is a bad time to expand.

Radicati Group: the average person receives 75 emails per day (19% of which are junk or unwanted information) and sends about 35. Given the number of email accounts worldwide, that means some 210B emails are sent every single day. For comparison, that is about the same number as a year’s worth of snail mail letters sent through the U.S. Post Office. 

Family-owned firms comprise about 80% to 90% of all businesses in the U.S. and many are growing. In fact, studies show family businesses employ 63% of the U.S. workforce and generate 57% of the country’s GDP.

Americans throw away 40% of the food we buy each year, according to analysis by the Natural Resources Defense Council. That amounts to about $165B annually chucked into the trash or about $2,275 for a family of four. The study also found unsold fruits and vegetables in grocery stores account for a large portion of the wasted food.

The IRS is reminding companies to start withholding 6.2% from employee paychecks for Social Security taxes, up from 4.2% in 2012 and 2011. The reminder was sent out following the fiscal cliff agreement.


Branch Manager that has worked in the small to medium sized business lending field. I have experience in all types commercial lending and I'm here to provide insights from a lender's point of view. I hope to impart some knowledge that can take your business or profession to the next level. I currently work as a Branch Manager at the 10th & Bannock Office for Banner Bank in Boise, Idaho.

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Posted in Jobs, Money, Small Business, SMB

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