file photo by Boyd Loving
the staff of the Ridgewood blog
Ridgewood NJ according to Rasmussen Reports more Americans are pessimistic about the future of the U.S. economy, and a majority don’t think today’s children will be better off than their parents.
A new Rasmussen Reports national telephone and online survey finds that 41% of American Adults say the U.S. economy will be weaker a year from now. Thirty-seven percent (37%) say the economy will be stronger in a year, and 13% expect it to be about the same.
And it’s no wonder when it comes to the world’s most innovative economies, the U.S. is no longer the undisputed leader. Not even close, as it turns out. For the first time, the U.S. fell out of the top 10 on the Bloomberg Innovation Index. After topping the ranking in 2013, America has become less dominant in science and engineering while scoring poorly when it comes to higher education. China fell as well, a sign the fierce competition between the two biggest economies might be opening the door for others.
All so called competitors are either tiny (e.g. Sweden) or run on fumes of globalization (e.g. China). US will outperform all other nations by a mile in the next decade.
The only thing this survey shows is that Americans – distinct from America – are depressed and dumbed down as always. Mostly because of reading too much garbage on the internet instead of living healthy, productive lives.
Maybe if the schools taught REAL financial literacy – like how to start and run a business, how to invest and money management – rather than ONLY simplistic outdated concepts like balancing a checkbook, most people would not have financial difficulties.
Even an idiot with little money could make a killing in the current market.