Investing and Global Finance News

US Citizens: Measuring Quality of Life

There are many ways to measure the success of a country.  One way is to look at quality of life.  According to a recent article, this has actually improved in America quite significantly over the last two years.  While it cannot be denied that there is a lot of anti-Trump sentiment in America, the statistics – as he announced in his state of the union address – speak for themselves:

“We have created 5.3 million new jobs and, importantly, added 600,000 new manufacturing jobs.  Wages are rising at the fastest pace in decades … . Unemployment has reached the lowest rate in half a century. African-American, Hispanic-American and Asian-American unemployment have all reached their lowest levels ever recorded. Unemployment for Americans with disabilities has also reached an all-time low.”

That has to attest to an enhanced quality of life.  But if it doesn’t, then the IBD/TIPP Quality of Life Index solidifies the sentiment.  This index is based on a survey which actually asks the public how they view their quality of life and if they predict it will improve, worsen or remain stagnant over the next half year. Likewise with the  IBD/TIPP Economic Optimism Index, which has reached over 50 during this same time frame, up from its 46.8 figure under Obama.

In addition, the American Enterprise Institute (AEI) released a new national survey on the American dream. It

“found that beneath the surface of the nation’s social divisions lies a more optimistic storyline of life in America . . . [showing] that people still trust in the goodness of their communities, believe in the American dream, and prioritize family and freedom over materialism. Significant majorities in every demographic group (age, race, income, etc.) say they are satisfied with life in the community where they live and rate it good or excellent. Most percentages on these issues hover around 75 percent.”

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