Is the USA (by FAR) better off financially than the U.K. or the European Union?

• help with credit card debt
• stock investors
• moving across country

Uk - yes


EU not a chance


just have a look at the US debt


http://www.usdebtclock.org/


4 figures to think about -


1) total gross US debt = $60 TRILLION

(that breaks down to £190,000 for very man woman and chld in the US)

And it aint even stopped increasing yet, never mind started to decrease.


2) total value of all assets in the US - $105 TRILLION


So that means the US owes 60/105 = 57% of its total value


3) The amount the country owes (i.e not including company or personal debts) = $17 TRILLION

4) GDP = $16 trillion

so the debt ratio = 17/16 = 106%

So the US owes more than its annual income


To claim the US is the richest country (by gdp or anything else) is like somebody claiming to be a millionaire cos they have 10mill in the bank, when they owe 12mill





You want answers to all your other questions =- then work them out yourself.

Additional Details

why many think not? why people who are investors maybe know otherwise?



how the different regions compare? can explain?

why many think not? why people who are investors maybe know otherwise?



how the different regions compare? can explain?

Is the USA (by FAR) better off financially than the U.K. or the European Union?