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STATISTICS, FACTS, & SUCH

  • Between 500,000 and 700,000 people each year become victims of identity theft.
    Privacy Rights Clearinghouse/Massachusetts US Attorney's Office, PR Newswire, 5/1/02


  • Over 50% of victims who report identity theft to the FTC have discovered the use of their information in multiple accounts, including credit cards, cell phones, auto loans, and leases.
    Federal Trade Commission, 3/28/02


  • It is estimated that, on average, identity theft victims each spend 175 hours and $800 trying to clear their records of fraudulent charges.
    The California Public Interest Research Group, 5/10/02


  • In spite of the popularity of the Sacagawea dollar coin, only 20% of Americans are in favor of replacing the paper dollar with the golden coin.
    Coinstar National Currency Poll, http://www.coinstar.com/news/pressrel.html


  • The bounced check charge is at an all time high - it now averages $24.85.
    Semi-Annual Bankrate 2001 Checking Account Pricing Study


  • Over 50% of demand deposit checking accounts that pay interest in financial institutions pay less than 1%.
    Ibid.


  • The average minimum balance to earn interest on a checking account is $695.10. In order to avoid a $10.85 monthly service charge and still get the 0.97% interest rate, an average balance of $2,434.50 is necessary.
    Ibid.


  • Mortgage rates in November, 2001, were at the lowest level in 33 years. Mortgage rates should hover between 7% and 7.25% during 2002.
    Freddie Mac, Press Release


  • Hispanic home ownership in the U.S. increased from 47.5% to 48.8% in 2001, an increase of 1.3%, which is four times the rate of African Americans and twice as large as white Americans.
    National Association of Hispanic Real Estate Professionals (NAHREP), February 19, PRNewswire.


Copyright © 2002 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 12, No. 4, 5/02

First published on 05/01/2002

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