Student Loan Debt Recently, the issue of student loans and the debt often accumulated through the utilization of those loans has come to the forefront. Student loans have become an indispensible means by which families are able to pay for higher education. The cost to attend institutions of higher education has soared over the last decade. In fact, the cost to attend college can amount to more than $50,000 per year at some private colleges and universities. Now that Americans owe more on student loans than on credit cards, the issue of spiraling student debt has moved increasingly higher on the political agenda.
At this time people wanted to spend their money instead of save it for hard times. Society’s hourly pay rate nearly double and tripled during this era. War factories transitioned from making war materials to making civilian supplies, which lead to the boost in our economy at the time. Today, effects of the Baby Boom have many factors that come into play that affect our economy. According to National Academy of Social Insurance “social security faces a financial challenge from the impending retirement of the largest generation in American history, the 76 million persons born in the “baby boom” years, from 1946 through 1964.
The world’s fortune 500 companies controlled an astounding 70% of the trade market, and 80% of foreign investment, and 30% of the (GDP), gross domestic product. 3,400 billion of the world assets controlled by the largest 100 companies with 40% owned in other major countries. In the past it was statistically known that 70% of the trade market with 80% investments, and 40% in off shore accounts was controlled by these multinational corporations, drawing an excessive rates from the U.S. and the majority of wealth in other non U.S. regions. Local cultures of third world countries are stratified into various areas. These countries are open to new ways of proficiencies (e.g.)
During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913. The First and Second World Wars that occurred during the British Imperial Era may explain the decline of Britain as an economic power by 1950. During these wars, Britain had to invest heavily in munitions and equipment, borrowing heavily from the US to help fund its expenditure. With Britain indebted to America, and struggling to maintain an empire after the economic impact of the Second World War, it is unsurprising to see a decline in Britain's economic strength, with an increase in American economic influence. During the Cold War era, the USA's economic position may have been strengthened due to its increasing political influence as one of the world's leading powers alongside The USSR, which had a GDP that made up 10% of the world's economy in 1950.
Do Not Tempt Me Credit Card! Jason Jacobs Do Not Tempt Me Credit Card! The United States has turned into an instant gratification monster reliant on credit. This is apparent from the 2.77 trillion dollars the United States consumer has amassed in credit card debt (Board of Governors of the Federal Reserve System, 2013). This number is growing every month, in the last five months the 2.77 trillion dollars (as of December 2012) has increased another 230 million dollars!
Immigration is the leading cause of such high rates of population increase. Immigration is not only causing over-population in our country but it is also affecting our quality of life in the United States. Step 3. Outline/ Preview of case An estimated gain of 106 million people in merely 45 years is expected. Currently there are an estimated 12 million illegal immigrants currently living in the United States today.
The population provides the much needed labor force that has propelled the country’s industrial and agricultural sector to great heights of productivity. China’s population is the largest in the world. As per mid-2011, the country had a population of over 1.3 billion people (Rosenberg, 2011). This is a 20% representation of the World’s total population because the world population is estimated to be around 6.7 billion. Besides providing labor for industries, the large Chinese population forms a ready market for goods and services.
Global Issues start in America Over the course of the past four years we have seen a rise in the cost of gas, food, healthcare, and a dramatic increase in our nation’s debt. In this paper I will touch on the economic condition of this country as well as the global impacts that have brought us to the sorry state that our country is now in. First I will start off by talking about the stimulus package of 2009 that was intended to save the auto industry from going under. This stimulus package cost the American people more than $80 Billion dollars, which translates to $30,000 per automotive worker, which primarily went to the General Motors and Chrysler to float them through this dire economic time. This was intended to save both GM and Chrysler from bankruptcy which is did effectively, while also saving hundreds of thousands of jobs.
This is shown by how there GDP is high, and the very large population. Productivity in China has also significantly increased in the last few decades. There are many different natural resources that can be found on China for example: coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminium, lead, zinc, uranium, hydropower potential (world's largest). China can make huge amounts of money by selling its natural resources to other countries where they may not be able to extract these resources from their own country. In 2006, out of all the consumer electrics in the world, 80% was exported from China.
Estimated foreign holdings of U.S. Treasury securities have more than tripled since 2001. Some worry about the geopolitical consequences of foreign governments investing so deeply in U.S. Treasurys. But the investments also tie the fortunes of foreign governments more closely to those of the United States. March 2001 $5.8 trillion DOMESTIC +100% increase FOREIGN +350%