Why has the American economy grown so slowly since the Great Recession? This year, GDP growth will fall somewhere in the 1.5% to 1.8% range, below the 3% growth rate that is considered a sign of robust economic health. Critics have blamed everything from China’s slowdown to globally outsourced manufacturing to fiscal fights in Washington.
We look at the unemployment statistics in the newspaper and see a blended picture of all Americans. Currently, we are told, 4.6% of Americans who are looking for a job are unable to find one. But what is the figure for adult men and women over age 20? Or for people with a high school diploma vs. those who are college-educated?
You haven’t heard much about the U.S. government’s debt, in part because, as a percentage of the economy, the growth of our national debt has slowed dramatically.
Every year, we celebrate a long Labor Day weekend, and mostly take for granted the remarkable economic engine that employs 125.89 million Americans.
Recently, Forbes magazine tweeted a number of Labor Day statistics that will probably surprise you. Most Americans work in one of five different sectors:
14% in professional and business services
Have you ever wondered how much money is lost in gambling activities in the U.S., or how that compares to other countries?
You’re probably tired of hearing about the Greek debt crisis, but sometimes it helps to connect the abstract with the concrete—that is, the huge numbers involved with the actual lives of the people living in the country.
What is the value that people get when they work with an objective, client-focused financial planner?
Chances are you think that medical costs are going to bankrupt America, and if we assume that Medicare and Medicaid costs will rise as they have for the past 20 years (despite the brief interlude these last three years), then there is reason for alarm. But ask yourself: how much of those costs are related to expensive diagnostic tests? How much are related to fixing major
Here's how rising or falling interest rates could affect your investment strategies. When it comes to interest rates, one thing's for certain: What goes down will eventually come up.
Is America in Decline?
In 1945, the U.S. made up more than half of the world’s total gross domestic product (GDP), which basically means that half the world’s economy took place inside U.S. borders. Today that figure is just under 22%.
Does that mean America is in decline?