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I’m sorry but you’ll be right back here in 8 years saying the same thing.
Hell, I bet 90% of China’s population would gladly trade their lot in life for an American middle class existence.
It is exactly the rise in the Chinese middle class, which has driven the rise. Go to China. In many parts it is much more modern, much more capitalist, much more innovative, and much more entrepreneurial than the USA is. What they have done is only matched with the recovery Germany had after WW2. And they started way further back.
Reality is reality. It concerns me, but I won't deny it.
It is exactly the rise in the Chinese middle class, which has driven the rise. Go to China. In many parts it is much more modern, much more capitalist, much more innovative, and much more entrepreneurial than the USA is. What they have done is only matched with the recovery Germany had after WW2. And they started way further back.
Reality is reality. It concerns me, but I won't deny it.
Every few decades, we hear about this or that country that is supposed to “overtake” the United States. In the 1960s, it was the Soviet Union. In the 1980s, it was Japan. Now, it is China that is the latest flavor of the month.
Every few decades, we hear about this or that country that is supposed to “overtake” the United States. In the 1960s, it was the Soviet Union. In the 1980s, it was Japan. Now, it is China that is the latest flavor of the month.
All I can say is this too shall come to pass.
And how many Americans are clamoring to live in China?
China has no place in this discussion.
Their existence as the world’s leader is total vaporware.
Forget China, even in the UAE. Millennial Americans can only dream of being paid almost six figures to go to college vs having to take out 6 figures loans here to attend college.
I’ve read this whole thread... honestly I’ve never visited another country but I’ve traveled to a lot of places within the US.
First off, OP seems VERY out of touch with reality. He sounds like a salesman of some sort, probably a loan officer. Either way I don’t like him.
Second off, we definitely are still living in the land of opportunity but after seeing how much of our freedoms have been taken away from this flu virus going around called Covid it really scares me how much power the federal and state governments have.
America’s best days are behind. We are past our golden era. Not saying it’s all doom and gloom in the future but look around at our country, almost half the people are just fat and probably more then half depend on pharmaceuticals. I can’t really compare “well being” factors with other countries, that being said I don’t think we should be that proud of ourselves if we are just looking in our own mirror.
Artificially low interest rates have created an even bigger bubble then in 08, the stock market is out of touch with reality, and there’s never been so much debt of all kinds before as of right now. Our dollar which use to be backed by gold is now just Monopoly money essentially, and it sure won’t be the world’s reserve currency forever!
Minus all the ugly concrete jungles aka cities and commercial strip malls everywhere, America has a ton of natural beauty, national parks and diversity all here within our borders. That, I’m thankful for. I’m also thankful for our military so other countries don’t mess with us.
All in all it’s a big world and once you get use to a certain way of life it’s hard to break that sense of familiarity even if there’s a better quality of life somewhere outside the US.
Everything is all relative of course, and instead of worrying about how other countries are doing we should focus on how much we need to improve and fix on ourselves, because there’s a lot.
Last edited by JPrzybylski07; 12-29-2020 at 06:08 PM..
I’ve read this whole thread... honestly I’ve never visited another country but I’ve traveled to a lot of places within the US.
First off, OP seems VERY out of touch with reality. He sounds like a salesman of some sort, probably a loan officer. Either way I don’t like him.
Second off, we definitely are still living in the land of opportunity but after seeing how much of our freedoms have been taken away from this flu virus going around called Covid it really scares me how much power the federal and state governments have.
America’s best days are behind. We are past our golden era. Not saying it’s all doom and gloom in the future but look around at our country, almost half the people are just fat and probably more then half depend on pharmaceuticals. I can’t really compare “well being” factors with other countries, that being said I don’t think we should be that proud of ourselves if we are just looking in our own mirror.
Artificially low interest rates have created and even bigger bubble then in 08, the stock market is out of touch with reality, and there’s never been so much debt of all kinds before as of right now. Our dollar which use to backed by gold is now just Monopoly money essentially, and it sure won’t be the world’s reserve currency forever!
Minus all the ugly concrete jungles aka cities and commercial strip malls everywhere, America has a ton of natural beauty, national parks and diversity all here within our borders. That, I’m thankful for. I’m also thankful for our military so other countries don’t mess with us.
All in all it’s a big world and once you get use to a certain way of life it’s hard to break that sense of familiarity even if there’s a better quality of life somewhere outside the US.
Everything is all relative of course, and instead of worrying about how other countries are doing we should focus on how much we need to improve and fix on ourselves, because there’s a lot.
Our property is a hot commodity. Our stock market won’t slow for any force of nature.
My conclusion:
There is simply no better place on earth to live than the United States of America in 2020. There has never been anywhere better to live as far as having access to so much with such a high degree of upward mobility for even people with no skill following simple practical financial advice.
The US empire is just getting started.
If you are skilled/talented or just plain lucky and can get enough money to pay for your home and other expenses (including healthcare) along with investing in the market, yes the US is good. I'd consider my household to be in that situation.
But, if you're not advantaged and are just getting by (the majority of Americans), it can be a tough place to live. The fact is that with your healthcare tied to your job, you could lose your job and be plain out of luck. You run the risk of huge medical bills/expenses. In addition, there isn't much of a social safety net like other countries, such as mandatory paid family leave, significant COVID financial support (you can see the battle in congress) and other things you find in developed countries.
Bottom line, the US is great for the wealthy and those who are ascendant. This probably equates to 10-25% of the population. You can really shoot for the stars here and if you make it, you can do better than most other countries. For the poor, working class and now middle class, there is more equality elsewhere, which provides a better quality of life.
If you are skilled/talented or just plain lucky and can get enough money to pay for your home and other expenses (including healthcare) along with investing in the market, yes the US is good. I'd consider my household to be in that situation.
But, if you're not advantaged and are just getting by (the majority of Americans), it can be a tough place to live. The fact is that with your healthcare tied to your job, you could lose your job and be plain out of luck. You run the risk of huge medical bills/expenses. In addition, there isn't much of a social safety net like other countries, such as mandatory paid family leave, significant COVID financial support (you can see the battle in congress) and other things you find in developed countries.
Bottom line, the US is great for the wealthy and those who are ascendant. This probably equates to 10-25% of the population. You can really shoot for the stars here and if you make it, you can do better than most other countries. For the poor, working class and now middle class, there is more equality elsewhere, which provides a better quality of life.
Many that are employed full time do NOT have affordable healthcare.
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