Wednesday, April 13, 2011

Understanding big numbers

This last week there was a lot of news coverage about the budget and government shutdown. Once you get into numbers like million/billion/trillion, it is hard to actually understand what those numbers mean.

I found a blog that uses a simple way to understand these huge numbers: divide everything by 100,000,000.

If you divide everything by 100,000,000 then you get the following:
We have a family that is spending $38,200 per year. The family’s income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family members, keeping in mind that it was not going to be possible to borrow $16,500 every year forever, the parents and children agreed that a $380/year premium cable subscription could be terminated. So now the family will have to borrow only $16,120 per year.
 Here's the whole post.

2 comments:

Masayuki said...

This has nothing to do with this post, but I thought of you when I saw this.

http://youtu.be/CAtrkMGNp0o

Its the guy who did Trale Lewous

Katie said...

Bryan-

You ought to post on your blog more. The end.

Love,
Katie