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that is down right sad, how does a country like the US end up like that? i would love to see stats like this for europe or places like china
by madmaze 16y ago
that is down right sad, how does a country like the US end up like that? i would love to see stats like this for europe or places like china
- mbrubeck 16y agoChina famously (among economists) has the highest national savings rate in the world - about 40-50% of GDP, compared to 10-15% for the US, 20% for Europe, and 25% for Japan. China has very different cultural expectations related to saving and spending. On the other hand, the US spends a higher percentage of GDP on education than most countries, which is a different form of investment in the future.