Many people perceive Americans as hard-working and productive. Qualtrics shows how accurate that impression is with a map ranking states by the percentage of time residents spent working last year.
Many people perceive Americans as hard-working and productive. Qualtrics shows how accurate that impression is with a map ranking states by the percentage of time residents spent working last year.
This graphic from Madison Trust Company gives us powerful insight into the leading worldwide economies from the 60s until now. As we can see from the chart, the US has always led the way with the biggest GDP by a wide margin, except for a brief period in the 1990s when they were surpassed by Japan.
Earning a bachelor’s degree has distinct benefits ranging from increased future earnings to workforce participation. Kentucky is a state that is taking advantage of these benefits, aiming to increase its population with a postsecondary degree to 60% in the hopes of improving the overall economy.
The Economist publishes a ranking every year, of the cities with the best living conditions. The Liveability Index has seen improvements in 2023, escalating from an index score of 73.2 out of a possible 100 in 2022 to 76.2 this year. This is partially due to the Covid-19 pandemic finally settling, and as education and healthcare scores improving in many cities in Asia, the Middle East and Africa. The only area that saw decline was the category of stability, reflecting growing observations of corruption and civil unrest amidst a cost-of-living crisis, as well as an increase in crime in several cities.
According to a survey by Economist Intelligence Unit (EIU), only
8% of the world’s population actually lives in a full, functioning democracy.
Meanwhile, another 37% of population lives in some type of
“flawed democracy”, while 55% of the world does not live in democracy at all,
based on the EIU’s latest Democracy Index Report.
Factors that have caused numerous declines to country democracy scores in recent years include Events such as the war in Ukraine and restrictive, long-lasting COVID-19 measures. Since the source report first began tracking scores in 2006, the global average has fallen from 5.52 to 5.29.
Every American suffers from high inflation rates, but some prices are going up faster than others. Take cars for example. Buying a car is difficult right now, but so is owning one. As of last March, gas prices averaged $4.29 across the nation. It takes more than $50 to fill up an average car’s tank.
As we are all feeling the stress of seeing prices rise on everything from fuel to shampoo, it’s no surprise that inflation rates, which are meant to stay at 2% or less, are currently at 6.8% as of 2021. This is actually the biggest leap that our country has experienced in over three decades.
Every year, there are millions of people retiring from the workforce but, the crisis caused by the Covid-19 pandemic accelerated the number of retirements. The quality of pension plans varies widely all around the world. To help you find out which countries benefit the retired workers with better pension plans and which lag behind, the infographic tells it all.
The pension system varies in every country according to their economy and historical context which is why making direct comparisons is not easy. However, the pension rankings are made on the basis of the main sub-indexes of the universal elements, these are:
- Adequacy – It is the base income level and a design of the private pension system of the region.
- Sustainability – It is known as the state pension age and also the government’s advanced funding system and level of debt.
- Integrity – It is when the rules and governance is put together in order to protect the members of the plan.
The gig economy has seen a huge growth spurt since the onset of the COVID pandemic. With the unemployment rate climbing to 14% during lockdown, many Americans were faced with finding non-traditional means of bringing in the cash. Gig work has provided many avenues to do just that, and it turns out it’s a pretty sweet deal.
Gig workers enjoy the flexibility and 58% of them work less than 30 hours a week. They also tend to make more money than their peers. In fact, a delivery driver makes an average of 50k per year. The opportunities for growth are certainly there as well, as 73% of hiring managers are planning to use gig workers, and 4 out of 5 businesses also plan to increase their use of gig workers, with 50% already having done so.
Did you know that the average American household has 36 items that could be resold at a total value of $3,675? Canadian households contain even more at an average of $5,660 USD. The opportunities for engaging in recommerce are alive and well, especially since the pandemic.
In the past 12 months, eBay C2C customers have also bought pre-owned goods at a rising percentage rate, globally. Those percentages are 81% in the UK, 80% in the US, 79% in Germany, 69% in France, and 68% in Canada. Recommerce customers and sellers are often in it for the money, or because it’s a fun hobby, but it’s also good for the environment.
The Regional Comprehensive Economic Partnership or RCEP is a free trade agreement between the countries of the Asia-Pacific region. Since trade and commerce go hand in hand in order to maintain the economy of the world, agreements between the countries are also responsible for shaping the global economy.
In November 2020, the RCEP was signed which resulted in the biggest ever trade bloc in the economic history of the world. The infographic below tells all that you need to know about the RCEP.
The Covid-19 pandemic has been hard for every single country on the planet and therefore, the global remittance flows have been highly resilient than expected especially for the low to middle-income countries.
The World Bank data reveals that the total remittance is predicted $702 billion in 2020 which was 2.4 percent down as of 2019 ($719 billion). However, out of the total $702 billion, around $540 billion is expected to be received by the low or middle-income countries. In 2019, the low and middle-income countries received a total of $548 billion which is 1.6 percent more than that of 2020.
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