Archive of posts filed under the Economy category.

Public Social Spending as a Percentage of GDP Across OECD Countries

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Social spending includes various benefits offered by a country to its residents such as healthcare, pensions, social security,  food stamps, relocation money provided to refugees, funding for community activities for illegals, etc. This expenditure varies widely across OECD member countries. Click to enlarge Source: OECD France tops the list with social spending amounting to over 31% …

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Debt to Savings Ratio As a Percentage of GDP of Select Countries

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China is creditor country while the US is the largest debtor country in the world. China has also one of the low debt to savings ratio in the world as shown in the chart below: Click to enlarge Source: 5 Big Risks Posed by China (And Why They Shouldn’t Crash Global Markets in 2017) by Michelle Gibley, Charles Schwab …

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US GDP Growth: Democratic vs. Republican Presidents

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The presidential election in November will decide the winner of the highest office in the land. The US President is often depicted as the single most powerful human being on the planet. He is often considered to have God-like powers to do almost anything he desires. Hollywood  and the media has created a myth that …

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Comparing Poverty Rates Across OECD Countries: Chart

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The percentage of population living below the poverty threshold levels across OECD member countries are shown in the chart below: Click to enlarge Source: Society at a Glance 2016, OECD The U.S. ranks second in this list with only Israel having higher percentage. The current poverty threshold level in the US is $24,300 for a family …

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Americans Are The Largest Holders of US Government Debt

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Many people believe that China owns most of the US debt. This is not true. US investors are the largest holders of US debt and not China. China is the largest holder of US debt among foreign holders. The chart below shows the holders of US treasury debt: Click to enlarge Source: The US is indebted …

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