It's fair to say that the USA is one of the world's largest economies, yet it's ranked below number 10. This is truly astonishing, considering that most people spend everything they earn just to live and keep up with the spending habits of the economy. And the European countries we see higher up on the list, while their populations do save, are completely asleep at the wheel. All their savings are at the mercy of the greatest risk imaginable (counterparty risk). It's mind-boggling.
It's fair to say that the USA is one of the world's largest economies, yet it's ranked below number 10. This is truly astonishing, considering that most people spend everything they earn just to live and keep up with the spending habits of the economy. And the European countries we see higher up on the list, while their populations do save, are completely asleep at the wheel. All their savings are at the mercy of the greatest risk imaginable (counterparty risk). It's mind-boggling.