Financial Tidbits 02/14/2013

  

  

  

 Pew Research: the percentage of people who read e-books increased from 16% of all Americans ages 16 and older to 23%. At the same time, the number who read printed books in the previous 12 months fell.

Accenture: found fast-growing companies (grew revenues by 6%+ last year) differ fromGrowing Your Business slow growers in their attitudes toward customer behavior change. Fast growers are more likely to see more opportunity in behavior change than slow growers (88% versus 74%) and are more likely to invest in an effort to capture those opportunities.

comScore: total e-commerce spending last year was $186B, up 15% vs. 2011. Overall, 10% of all retail sales in the US went through electronic channels.

A recent study in the UK found social media may be damaging to a person’s psyche. About 50% of people surveyed said using social networks like Facebook and Twitter makes their lives worse in terms of selfesteem, sleep and level of anxiety. Yet social media continues to proliferate, with Facebook touting more than 1B monthly active users, Twitter boasting around 340mm Tweets per day and more than 200mm active users and LinkedIn claiming more than 200mm members.

IBM says every day some 2.5 quintillion bytes of data are created, so more than 90% of all data that has ever been compiled by humans was created in just the past 2Ys.

Fidelity Investments indicates the average 65Y old couple will need $240k to pay out of pocket health care costs in retirement.

The latest data finds 12.3mm people are unemployed and actively looking for a job and that 4.7mm have been looking for 6 months or more (about 4x the level of 5Ys ago). Meanwhile, the median duration of unemployment is 16 weeks, (about 2x the level of 5Ys ago).

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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 Business, Business Plan, Competition, e-book, Economy, Facebook, Marketing, Opportunity, Social Media

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