1) The debt reached 73% of the GDP, which is horrible, but much better than some nations such as Spain at over 90% of their GDP 2) Average household savings is up from 2010 with the highest average in New Jersey of over $4,000. 3) The current Social Security adjustment is set exactly with the inflation rate of around 5.9% 4) Manufacturing jobs are declining due to technology, so in comparison service jobs, which are increasing, seem to be winning the fight. It's a good thing that those are not the only jobs available in America. 5) Nearly half of Americans are too old to work, too young to work, or disabled.
Where we get our 7.9% unemployment rate is the employable people. 6) With Medicare, Medicaid, and Obamacare, nearly 100% of Americans can afford to see a doctor. 7) Demographics show that nearly 70% of people who retire in the year 2020 will be on Social Security.
Of the remainder, some will have a pension, such as a military or government pension, and some will have the money to retire on their own. 8) Average family income in China converted to American dollars is about $10k a month where America's average is over $80k. While 2012 per capita incomes in the U.S. were more than five times higher than in China, by 2060, they would only be 67% higher.
How will America cope? We will still be a major economic super power. 9) While nearly 39% of Americans live in poverty, that includes people who make around $11k per year.
Check your facts, pessimist. Edit: Among America's biggest exports are technology and food.
1)the public debt is only about 75% of GDP. The rest of "fake" debt. 2)because Americans were encouraged to borrow from the rich to make the rich richer.
3)Its chained to CPI 4)we're working on reversing that. 5)indeed. 6)indeed.
7)indeed 8)not sure about that. 9)not sure about that.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.