Small businesses received their highest ever share of contracting dollars from the U.S. government in 2016. According to figures released by the U.S. Small Business Administration, 25.75% of the amount spent, or a total of $90.7 billion, went to small businesses last year.
Direct spending on business travel by domestic and international travelers, including expenditures on meetings, events, and incentive programs, totaled $296.3 billion in 2015, according to U.S. Travel Association data.
The burden of paying down student loan debt does not just fall on those who incurred the debt for their own education. A 2015 research report (How Americans Manage Their Finances, the University of Southern California Dornsife Center for Economic and Social Research and the Leonard D. Schaeffer Center for Health Policy & Economics) indicates that for those with student loan debt for their own education, the average size of this debt is approximately $25,000 and the median is $15,000. For those with student loan debt for their children, the average debt burden is approximately $20,000 and the median is $5,000.
An estimated 46% of individuals in the U.S. had a rainy day fund for financial emergencies in 2015, according to data from the National Financial Capability Study recently released by the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation. That number is significantly higher than the 35% of individuals who reported having such a fund in 2009.
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