269 votes
Accepted

Are people of Nordic Nations "happier, healthier" with "a higher standard of living overall than Americans"?

These statements are absolutely supported by studies. In the World Happiness Report ranks countries according to various life measures. It is by far the most widely used and widely reported measure ...
user avatar
  • 54.3k
238 votes
Accepted

Are there 96 million workers in the US who want a job and can't get one?

Short Answer No, this is not accurate. While there are about 96 million people not in the labor force, this includes retirees who say they do not want a job, stay at home moms and dads who say they ...
user avatar
  • 10.2k
188 votes
Accepted

In the American west—the world of cowboys and cowhands—was ammunition traded for alcoholic “shots” of a drink?

The answer seems to be no on all accounts. In general, Snopes says: Although the meme is of recent origin, Internet mentions of this alleged historical fact date to at least 2003. Significantly, ...
user avatar
  • 23.1k
180 votes
Accepted

Did Amazon pay $0 in US taxes in 2018?

When Bernie Sanders claimed Amazon didn't pay federal income taxes in 2017, Snopes wrote a helpful article: In regards to U.S. federal income taxes, the claim that Amazon paid none in 2017 is almost ...
user avatar
  • 23.1k
160 votes

Are people of Nordic Nations "happier, healthier" with "a higher standard of living overall than Americans"?

DJClayworth's answer is right, but I would like to add on one remark in the question that that answer didn't address: "especially those at the bottom of the economic scale". As DJClayworth's argued, ...
user avatar
  • 1,467
136 votes
Accepted

Did Germany produce so much renewable electricity on May 8th 2016 that their power prices went negative?

This is pretty much true, and has happened multiple times in the past. In fact, they were introduced in the German intraday market in 2007. For example, the same situation occurred in May 2014, when ...
user avatar
  • 18.5k
117 votes
Accepted

How accurate are these nine charts of the economy under the Obama Administration?

Note that the date ranges of the graphs seem to be cherry-picked, possibly in order to create the appearance of a trend, hide a continuing trend, or make trends seem much more dramatic than they ...
user avatar
  • 10.2k
116 votes

Do the 26 richest billionaires own as much wealth as the poorest 3.8 billion people?

Short Answer: True. Every year, in time for Davos (i.e. the Annual Meeting for the World Economic Forum), Oxfam releases a report about the state of inequality. Here's a link to their latest. ...
user avatar
108 votes
Accepted

Has the Red Cross raised half a billion dollars for Haiti to build 6 houses?

The statement of the claim in the question is extremely misleading, and the article confuses multiple projects. However, the Red Cross housing projects are receiving scrutiny from investigative news ...
user avatar
  • 54.3k
102 votes
Accepted

Do airlines in North America make around $10 profit per customer?

TL:DR United makes about $9.50 per passenger. Detailed: United Airlines Q4 and full year 2016 performance results offer a great starting point for these calculations. We can see that United ...
user avatar
  • 2,101
102 votes
Accepted

Does fossil fuels use since 1990 account for half of all the fossil fuels used in history?

True More detailed data confirm the claim. This chart is taken from https://ourworldindata.org/fossil-fuels ; most data there comes from the published paper: Vaclav Smil (2017). Energy Transitions: ...
user avatar
  • 1,841
100 votes
Accepted

As of February 2019, were US wages rising at the "fastest pace in decades"?

No. As vague as the claim is, there does not appear to be any angle to take in which it is true. Looking at the decades: Wages in the United States increased 4.20 percent in November of 2018 over ...
user avatar
  • 43.4k
92 votes
Accepted

Were a large fraction of US Dollars in existence printed since 2020?

The sensationalist claims you are seeing are from people who are either ignorant of economics (even at a fairly basic level) or are deliberately trying to mislead you. Let's consider some of the wide ...
user avatar
  • 54.3k
91 votes
Accepted

Did Donald Trump get America's GDP growth to 4.2%?

The second-quarter GDP growth at the annualized rate is indeed at 4.2% (up from 2.2% for the first quarter of 2018), according to CNBC, based on stats from the US department of commerce. CNBC ...
user avatar
  • 50.6k
89 votes
Accepted

Do researchers receive no income from revenues arising from their published papers?

It's surprisingly hard to find a reference for this, as it is simply common knowledge among scientists. You don't get paid for publishing a paper in a scientific journal, sometimes you even have to ...
user avatar
  • 41.9k
86 votes

Was there no tax before 1913 in the United States?

The plain meaning is false: there was taxation before 1913. However if you want to play games with words then you can define "earnings" as "income after all expenses and taxes other ...
user avatar
  • 15.7k
81 votes
Accepted

Is the presidential family net worth growth/loss portrayed in this infographic true?

Yes, but it is an unfair comparison. According to Snopes, the figures are close to the official estimates, but it makes no sense to compare former two-term presidents like Clinton and Obama to Trump, ...
user avatar
  • 1,811
79 votes

Does the cardboard box cost more than the corn in cornflakes?

According to the 2000 book Handbook of Cereal Science and Technology, Second Edition, page 616: For a box of ready to eat cereal: Grain cost is $0.09 Other ingredients $0.05 Packaging Cost $0.10 ...
user avatar
  • 98.2k
79 votes

As of February 2019, were US wages rising at the "fastest pace in decades"?

It's a vague claim because it doesn't specify over what interval (monthly or yearly), real versus nominal, hourly wages or weekly wages. However, the Bureau of Labor Statistics reported 11 January ...
user avatar
  • 98.2k
79 votes
Accepted

Do 643,000 Americans go bankrupt every year due to medical bills?

Snopes has already tackled this. Using some very specific analyses, one could make the case that (at least within the last several years) about 643,000 Americans declared bankruptcy annually due to ...
user avatar
  • 54.3k
76 votes
Accepted

Are there more open jobs than available developers?

A report which was issued by the Economic Policy Institute in 2013, analyzed the science, technology, engineering, and mathematics (STEM) labor market and workforce and the supply of high-skill ...
user avatar
  • 29.8k
69 votes
Accepted

Did the UK slip to sixth largest world economy from fifth, less than 24 hours after the EU referendum vote?

It's impossible to definitively prove: GDP is calculated annually, and compared based on purchasing power, rather than currency fluctuations - countries can't officially change position like this ...
user avatar
66 votes

Do 643,000 Americans go bankrupt every year due to medical bills?

But more striking is the fact that all of these other countries supposedly have no one going bankrupt from medical bills. Are these claims true? Not for Canada. There's a claim on this site -- ...
user avatar
  • 3,051
64 votes

Does China control 85% of the supply of rare metals used in lithium batteries?

...but China only has 37% of the world's reserves Michael Karnerfors has provided evidence that China produces 95% of the world's rare earth elements. However, China does not hold that much of the ...
user avatar
  • 1,073
61 votes

Has the distribution of income and wealth in the USA got much more skewed towards the rich in the last 4 decades?

According to Pew Research, the difference in median income classed by income strata, expressed in 2018 dollars, from 1970 to 2018, has skewed hard toward the rich, with both the middle and the poor ...
user avatar
  • 679
58 votes
Accepted

Would the median household income in the USA be $140K and mean net worth $800K if wealth were evenly distributed

In the 4th quarter of 2020 the net worth of US households was $122,886,624 million. The number of US households was 128.451 million. Therefore, the mean net wealth was $956,681 Total personal income ...
user avatar
  • 98.2k
56 votes

Did the USA increase oil imports from Russia after the Ukraine invasion?

[...]is it true that USA is increasing it's crude oil imports from Russia year-over-year No. Before we get to the technical answer, first let's point out the lies by omission. The US imports very ...
user avatar
  • 11.1k
55 votes
Accepted

Did Einstein ever remark on compound interest?

It's Unlikely that Einstein ever said this. The snopes page on this quote claims that the earliest reference to it is in a 1983 New York Times column: EINSTEIN REVISITED Asked once what the greatest ...
user avatar
  • 12.8k
55 votes

Is austerity in the UK responsible for "120,000" extra deaths?

That new report (Effects of health and social care spending constraints on mortality in England: a time trend analysis) is absolutely in line of prior research. The mortality rises across the board ...
user avatar
  • 43.4k
54 votes

Did only one banker in the US go to prison for the Financial Crisis of 2007-08?

Only one Wall Street banker (a trader) went to jail. Other people, who could be considered bankers, were also jailed. No Wall Street CEOs were jailed. Financial Times, August 9, 2017: In the US ...
user avatar
  • 133k

Only top scored, non community-wiki answers of a minimum length are eligible