Econ4U.org » trillion http://econ4u.org/blog Just another WordPress weblog Fri, 19 Mar 2010 18:17:34 +0000 http://wordpress.org/?v=2.9 en hourly 1 How To Visualize A Trillion Dollars (Video) http://econ4u.org/blog/2009/07/24/how-to-visualize-a-trillion-dollars-video/ http://econ4u.org/blog/2009/07/24/how-to-visualize-a-trillion-dollars-video/#comments Fri, 24 Jul 2009 16:09:30 +0000 Ned http://econ4u.org/blog/?p=997 Personal finance site Mint.com has a great new video illustrating how much money a trillion dollars really is, and what you could buy with it. My personal favorite: With a trillion dollars, you could buy a $3 latte every day for 900 million years.

Click here to view the embedded video.

]]> http://econ4u.org/blog/2009/07/24/how-to-visualize-a-trillion-dollars-video/feed/ 0 How Much is $1 Trillion, Cont’d http://econ4u.org/blog/2009/05/04/how-much-is-1-trillion-contd/ http://econ4u.org/blog/2009/05/04/how-much-is-1-trillion-contd/#comments Mon, 04 May 2009 22:36:00 +0000 Joseph http://econ4u.org/blog/?p=607 Since we received such a positive response to our “How many times larger is a trillion than a million?” video last week, we decided to round up some interesting statistics to help people visualize just how big one trillion is. For example, if you started with $1 trillion and spent $10 million every day it would take you 273 years to spend all of it. And that’s assuming you’re keeping it in cash, underneath your 10 stories tall mattress.

]]> http://econ4u.org/blog/2009/05/04/how-much-is-1-trillion-contd/feed/ 0 Video: Do People Know How Big 1 Trillion Really Is? http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/ http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/#comments Fri, 01 May 2009 13:54:04 +0000 Tim http://econ4u.org/blog/?p=584 This week Congress approved President Obama’s $3.5 TRILLION budget.  So we wanted to know how many Americans grasp just how big a trillion really is.  In order to do so, we took a poll of 1,001 Americans asking “How many times larger is a trillion than a million?” We also took our Econ4U team out in front of the White House to capture some live responses.  How did people fare? Take a look at this video: (my favorite is the father who chastises his daughter and then gets it wrong himself!)

Click here to view the embedded video.

The poll respondents did a little better, if only because they were offered 5 choices.  21% got the question right. The answers were distributed in a manner that is about equal to what you’d expect from random guessing.  Until Americans improve their financial education, the public won’t be able to comprehend these enormous budget issues that have so much impact on their lives.

Full results here

]]> http://econ4u.org/blog/2009/05/01/video-do-people-know-how-big-1-trillion-really-is/feed/ 14 Poll: How many millions are in a trillion? http://econ4u.org/blog/2009/05/01/poll-how-many-millions-are-in-a-trillion/ http://econ4u.org/blog/2009/05/01/poll-how-many-millions-are-in-a-trillion/#comments Fri, 01 May 2009 13:52:42 +0000 Tim http://econ4u.org/blog/?p=587 Q: How many times larger is a trillion than a million? Would you say…

  • One Thousand Times- 18%
  • Ten Thousand Times- 12%
  • One Hundred Thousand Times- 21%
  • One Million Times- 21%
  • Ten Million Times- 17%
  • Don’t Know- 12%

Check out our new video: We went out in front of the White House and asked people a simple question, “How many millions are in a trillion?”

Click here to view the embedded video.

This report presents the findings of a telephone survey conducted among a national probability sample of 1,001 adults comprising 501 men and 500 women 18 years of age and older, living in private households in the continental United States.  Interviewing for this CARAVAN® Survey was completed during the period April 23-26, 2009.

]]> http://econ4u.org/blog/2009/05/01/poll-how-many-millions-are-in-a-trillion/feed/ 29