facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast phone blog search brokercheck brokercheck Play Pause
%POST_TITLE% Thumbnail

Sandy Cove Turns 10!

As we pass this 10 year milestone, we thought it would be fun to take a trip down memory lane back to 2010.  

MARKET/FINANCIAL STATS:

  • The S&P 500 returned 15.1% and ended the year at a level of 1,258 (today it’s at 3,335)
  • Unemployment rate average 9.5% in 2010 versus 3.5% today
  • Inflation was 1.6% versus 2.0% today
  • The 10 Year Treasury Bond yield averaged 3.22% versus the 1.65% level today
  • Minimum Wage was set at $8.00/hour in Massachusetts versus $12.75 today
  • Congress repealed the federal estate tax for the tax year 2010 meaning that individuals who died that year were not required to pay ANY estate tax (it became known as “the Steinbrenner effect” and saved his family 55% or nearly $600 million in taxes)
  • Average Life Expectancy in the U.S. was 76.2 years for men and 81.1 years for women
  • IRA Contribution limit: $5,000, catch-up contribution: $1,000
  • 401K Contribution Limit: $16,500, catch-up contribution: $5,500
  • Annual Gift Tax exclusion: $13,000

WHAT THINGS COST:

  • Gasoline Price National Average = $2.96
  • Gallon of milk cost $3.32
  • Average Annual College Tuition = $22,074

 WORLD EVENTS:

  • President of the United States was Barack Obama
  • Major 7.0 magnitude earthquake hits Haiti, killing more than 230,000 and destroying the country’s infrastructure.  Worldwide aid pours in
  • Deepwater Horizon offshore platform explodes leaking oil into the Gulf until it’s capped three months later
  • A happy conclusion to the Chilean mining accident when 33 miners survived 69 days underground before being rescued
  • During midterm elections, Republicans retook the House of Representatives gaining 63 new seats

POP CULTURE:

  • Apple iPad 1 was released
  • Instagram was born
  • Top iPhone App:  Netflix
  • The Oscar for Best Picture:  The Hurt Locker
  • The Oscar for Best Actor/Actress:  Jeff Bridges (Crazy Heart) & Sandra Bullock (The Blind Side)
  • Song of the Year: Single Ladies by Beyonce 
  • Album of the Year:  Fearless by Taylor Swift
  • Emmy Awards:  Drama series was Mad Men (AMC) & Comedy series was Modern Family (ABC)
  • San Francisco Giants won the World Series over the Texas Rangers 4-1
  • Chicago Blackhawks won the Stanley Cup
  • New Orleans Saints win Super Bowl XLIV over the Colts with a score of 31-17
  • Winter Olympics are held in Vancouver, Canada where the U.S. won an all-time high 37 medals (9 gold, 15 silver, and 13 bronze)
  • TIME Magazine Person of the Year:  Mark Zuckerberg
  • People Magazine Sexiest Man Alive:  Ryan Reynolds
  • Biggest Fashion Statement:  Lady Gaga's Meat Dress at the MTV Video Music Awards

DEATHS:

  • Dennis Hopper, Leslie Nielsen, J.D. Salinger, Leena Horne, George Steinbrenner, and Gary Cooper were among the well-known folks who died in 2010
(617) 622-1500 | BLOG | CLIENT LOGIN