The Financial Times recently released a video featuring their US managing editor Gillian Tett, in which she lists 3 numbers she believes sums up the current state of the US economy.
The 3 numbers are not what you might expect so see, either. It doesn’t list national debt or the income of the 1%, it instead looks at 3 numbers which some people may overlook –
US economy in 3 numbers
40 – this is the percentage of so-called ‘imports’ from Mexico that actually originate in the USA. They will often make their way south of the border, in fact, car parts can pass the US/Mexico border up to eight times during production, but 40% are born in the USA.
53,000,000 – this is the massive number of self-employed Americans who are working as freelancers. To put it into perspective, this is double the entire population of Texas. The number represents the rise of the gig economy, and it is predicted that by 2020 40% of all Americans will work as independent contractors.
12 trillion – a number so big even Bill Gates has never seen it. In fact, 12 trillion is 152 times the total wealth of Microsoft’s owner, yet this is the amount which is due to pass between generations in the next 10 years through inheritance in the US. As those born in the 20’s and 30’s pass away and leave their wealth to their children and grandchildren, it will be the largest wealth transfer in history.
Check out the video, and let us know which 3 numbers you think, sum up the state of the US economy. The FT are currently offering a 4 week trial for just $1 at http://bit.ly/1QS3H1r