Are You Smarter Than You An Eighth Grader? Population Intelligence From Around the World

Have you ever watched a world leader and thought that they were some sort of a buffoon or wondered how on earth they managed to become a head of state? Russia’s Boris Yeltsin is a good example. Not only was he a heavy drinker, but he always acted like he didn’t have a lick of sense as we say in the South. France’s Emmanuel Marcon is another example of someone who seems to be out of his league, but he’s far from the only one. 

Another individual was George “Dubya” Bush. He seemed to mess up nearly everything he did. Bush managed to graduate with a so-called “Gentleman’s C” which typically means a C-/D+. Barack Obama wasn’t exactly stellar either.  Not exactly what you’d expect for a U.S. President.

Congress is full of such individuals, and increasingly, we’re finding judges, governors, mayors, and local officials so lacking in intelligence that they shouldn't be out in public unsupervised or be allowed to hold sharp objects!

Are our euphemistically named “leaders” a reflection of the people they’re supposed to lead? Like me, I’m sure you’ve worked some place where those in charge were dumber than a box of rocks. Unfortunately, however, we are now living in a society where mediocrity is the norm. Anyone who excels or stands out is viewed with suspicion. 

Kids are routinely placed in sub-par schools where conformity is encouraged. Everyone is equally dumbed down so as to not “offend” lower performing students. As in sports, where everyone gets a trophy, so now in academics everyone gets a diploma whether they actually earned one or not. How else do you explain kids graduating high school with an 8^th grade reading and literacy level, a 7th grade knowledge of history, geography, or civics, or that just 37% were academically prepared for entry level college math and science?

At work, we try to do “just enough” and to keep our heads down. We just want to get through the day, collect our paycheck, and go home. If we can somehow slip through without the boss knowing our name, that’s celebrated as a personal victory. Questioning authority is seen as making waves or labeling you as a troublemaker.

Your fellow employees don’t like it because it brings unwanted attention their way and your supervisor doesn’t like it because it means they may  address yet another problem. If the average workplace had a color, it would be dull gray. Is it any wonder then that when we graduate so many underachievers we find ourselves in a milquetoast society?

The Nobel Prize was seen at the epitome of excellence (their prestige was damaged when they started focusing on political correctness over achievement as in the case of President-elect Barack Obama who was awarded the prize for…well…nothing actually). Nevertheless, the United States has the most laureates at 420. The next closest is the United Kingdom with 142 and Germany at 115. India has won 13. China has 8. Russia has 30, and Japan has 31.

The reason for America’s dominance has been well-funded research (mainly by the military and corporations), historic academic freedom, and our emphasis on mathematics and the hard sciences, the very areas where our schools are struggling today. As an aside, do you know which ethnicity has won the most Nobel awards? The answer is Jews. One in ten of all Nobel Prize recipients have been Jewish.

What nation owns the most patents? That honor goes to China according to the World Population Review. They report that China has some 798,347 patent grants. The majority of these are in the areas of digital communications, artificial intelligence, and computer technology (China has 70% of AI patent applications). Two other areas with a high number of patents filed are medical and renewable energy technology.

As for the United States, we have a distant 323,410 of all patents granted. Japan and South Korea are next at 201,420 and 135,180 respectively. India rounds out the top five with 30,490.  It bears mentioning that Asia leads the world with the number of patents filed, accounting for 68.7% of all patents filed globally.  Of that, 70% came from China. It also holds the majority of the world’s trademarks. Not shabby China. Not shabby at all.

In addition, women account for 17.7% of the inventors as indicated on the patent applications, up from 10.9% in 2009. Most of their inventions pertain to the biotechnology and food chemistry industries. It's odd then that some countries view women as third class citizens; as being inferior and therefore makes it criminal for them to be educated or try to reach their maximum potential. 

Given the aging population, especially in the West, another question of interest is which countries have the most number of medical doctors per capita. At first blush, you would think the U.S., China, or India given their population density. Well, you’d be wrong. The nation with the most doctors based on percentage of their population is Cuba which has almost 94 doctors per 10,000 residents. In fact, Cuba is very well known for sending its physicians abroad, especially to poor and developing countries.

Sweden has almost 72 doctors per 10 thousand individuals while Belgium has 64. Greece has just over 63 doctors per 10,000 people. Norway has roughly 52. By comparison, Russia has 38 physicians for every 10 thousand. In India, the world’s largest populous country, its only 7.27. It’s 25 in Canada and just slightly better in Mexico with 25.6. In the United States, the number is 35 physicians for every 10 thousand.  Lastly, in Africa it’s mostly under 10 physicians for every 10 thousand with the majority of countries having under 2 doctors per 10 thousand.

As a side note, the U.S. Northeast has the most number of active doctors with New York producing the most. The majority of doctors in the U.S. are White or Asian. The fewest number are Black. Most of the applicates to medical school are foreign born, with most coming from India, Pakistan, the Caribbean, the Philippines, and Mexico.

Finally, the overwhelming majority of doctors come from upper income families. 75% of doctors comes from families whose incomes are in the top 40%, and of those, 30% are from families in the top 5% income bracket! The high cost of a medical degree (and subsequent debt) make it nearly impossible for applicants coming from poor or working class backgrounds----just 5%---to succeed.  Maybe that explains the “God complex” some seem to have.

All of what we’ve discussed so far presupposes one thing---intelligence. So, what countries tend to have the highest IQs? It’s long been said that education is the key to success. However, that’s just one factor. Opportunity and financial means are also critical. However, none of it matters unless you have the intellectual aptitude.

The average IQ score is 100, be it an individual or a nation. These results are only “best guess” averages, extrapolated from a percentage of the population since, after all, you can’t test everyone in a nation! Secondly, since we’re dealing with entire populations, obviously no country will measure as “genius” or “gifted”, but some are certainly above average.

China has the highest overall IQ of any country with a national average of 107.19, which would be pretty decent for an individual. South Korea was second with 106.43, just beating out Japan with 106.40. Surprisingly, Iran was fourth. It’s average was 106.3. Singapore was fifth with an average national IQ of 105.14.

Russia came in sixth with an estimate national IQ of 103.16. Mongolia, Armenia, and Australia were nearly tied at 102.86, 102.58, and 102.57 respectively. Canada was 101.65 while Thailand’s average IQ was 101.52. Luxembourg had the global average IQ of 100, followed closely by Iceland at 99.99.

Vietnam’s national IQ average was 100.12. Greece was 100.07. The United States came in 30^th place with a national IQ of 99.74, just barely beating out Czechia which had an estimate national IQ of 99.73. The UK’s was 99.68. Germany’s average IQ was 99.64. As an aside, the national IQ for France was 101.42, putting them in 17^th place (yes, we got beat by the French!). Mexico's was 95.52.

The highest estimated IQ in the Middle East belongs to Lebanon with 99.39, putting them in 37^th. Israel was next, in 45^th place, with an average IQ of 99.07, tying Turkey. Other Middle Eastern countries were the UAE with an average of 96.8. India was 99.08. Egypt’s average national IQ was 97.21, Kuwait was 95.02, and Algeria had an estimated IQ of 97.01.

Among the nations of South and Central America, Uruguay’s and Ecuador’s national IQs were near identical at 95.01 and 95.00 respectively. Chile’s was 95.38. Argentina’s IQ was an estimated 94.39 and Brazil’s was 92.92 with an IQ of 93.17 for Columbia. 

In Africa, South Africa had the highest with an estimated national average of 94.11. Kenya ‘s IQ was 91.22. Zimbabwe was 90.21 compared to Ghana with 90.25. The Ivory Coast was 88.42, Senegal’s average national IQ was 88.27 and the Congo was 88.01. Angola’s estimated national IQ was 85.33, and in last place at 126 was Gabon, whose average IQ was 85.08. The average IQ for a sub-Saharan African is 80.

It should be mentioned too that overall, IQ scores worldwide have been on the decline, reversing a trend of rising scores throughout much of the 20^th century thanks to better nutrition and healthcare, more access to schools, quality education (and discipline) better qualified teachers, and generally secure environments needed to foster learning. This decline (known as the “Reverse Flynn Effect”) first started appearing in the late 1970’s and accelerated in the 1990’s.

The most notable regions of decline has been in Scandinavia, which had long been noted for producing a highly intelligent population. The UK, France, and the United States has also seen a decline in IQ scores. Latin America has remained largely stable while Africa has seen some improvements. Asia, on the other hand, has experienced stable IQ scores or in some cases, a significant rise.

Studies have shown that the decline in IQ scores have been most prevalent in the areas of mathematics, logic, and verbal reasoning. The significance of this is that these are the very areas needed for an advanced technological society as well as in medicinal research. Spatial reasoning, however, has actually improved. Could that be from playing so many video games?

It should come as no surprise that Asia’s dominance in academic testing and it’s rising IQ scores correspond to its growing dominance economically, especially in the areas of AI, technology, and communications. If the West is to remain competitive, it must reverse this trend by demanding academic excellence from its schools, including restoring discipline in the classroom and an emphasis on academic rigor. Excuses will no longer cut it. Additionally, we must accept that not every job requires a college degree. Most only need individuals who had 12 years to master the basics. Trades schools are another area seriously lacking our attention despite high demand, good pay, and low debt.  

Countries like South Africa and Iran have made serious social blunders while Europe is caught in an ever tightening spiral downward thanks to political weakness (that can be said of Canada as well). Africa has the resources but it lacks the infrastructure and leadership thanks to petty graft and prejudices.  Latin America has the potential, but does it have the will? That remains to be seen. In the interim, it appears that the Sun is rising ever higher in the East.  

 

 Thank you for reading "Another Opinion", the Op/Ed blog page for the "militant middle".  Here at "A/O" we truly value our readers. At A/O we seek the facts as they exist, not partisan talking points.  We hope you find our articles informative and engaging. Comments are welcome, provided they are not vulgar, insulting or demeaning.  Another Opinion is offered without charge and is directed toward all independent and free-thinking individuals. We ask, however, that you "like" us on whatever platform you found us on in order to keep our articles available for free to others. Lastly, in order to keep costs down, we depend on passive marketing, and therefore, depend on our readers to please forward our posts along. Below you will find links to the sources we used in writing this article. Thank you. 

 

Nobel Prize by Country 2025

https://worldpopulationreview.com/country-rankings/nobel-prizes-by-country

 

Patents by Country 2025

https://worldpopulationreview.com/country-rankings/patents-by-country

 

 

Here’s the top 10 countries who filed the most patents globally

https://www.patentrenewal.com/post/herere-the-top-10-countries-who-filed-the-most-patents-globally

 

 

AI Patents by Country Revealed: The Top 15 Countries Dominating the 2025 Landscape

https://arapackelaw.com/patents/ai-patents-by-country/

 

Doctors per Capita by Country 2025

https://worldpopulationreview.com/country-rankings/doctors-per-capita-by-country

 

 

Average IQ by Country (2025 Update)

https://www.thecaliforniacourier.com/average-iq-by-country-2025-update/

 

 

American IQ Scores Have Rapidly Dropped, Proving the ‘Reverse Flynn Effect’

https://www.popularmechanics.com/science/a43469569/american-iq-scores-decline-reverse-flynn-effect/

 

American IQs rose 30 points in the last century.  Now they may be falling

https://thehill.com/policy/technology/3922608-american-iqs-rose-30-points-in-the-last-century-now-they-may-be-falling/

Education in America: Sowing the Winds of Our Future

Here in the United States, Labor Day marks the “official” end of summer, although you’d hardly notice. The public pools are closed. The leaves on trees gradually turn their vibrant reds, yellows, and oranges. There’s the faint crunch of the few which have already fallen; soon to be a chorus in just a few more months. The nights are becoming a little cooler and rain is becoming a little more frequent than before. You occasionally have to pause to decide whether you need a jacket, but the warmth summer’s days remains, at least for now.

Labor Day is when states, especially in the South, have their state capstone fairs with venders hawking their wares and rides from practically everywhere. You can sign up to get your blood pressure tested, a mammogram, buy shoe inserts, and buy new gutters all within just a few feet of each other.

 It’s where you’ll find an abundance of friendly (mostly) competition for the best porch whistlers, dancers, cake bakers, quiltmakers, best quality livestock, and where hundreds will come out to watch the well-heeled bid phenomenal amounts of money for best cured ham…all for charity of course (the top ham sold for $10 million dollars this year).  Communities have the first of their local craft and art fairs. But for many Labor Day weekend means just one thing---the end of summer vacation and the start of a new school year which is the subject of this week’s article.  

Education is typically the best barometer to measure a nation’s future potential, after all, the students they graduate are the nation’s economic, technological, political, and cultural future. They are the ones who will develop the newest medicines, the next generation in technology, our new engineers, and will be the makers and enforcers of laws. Many say this represents the new battleground for global domination. So, how does America rank?

When determining where a country ranks, be in education, military spending, medical care, and so forth, they are measure against a bar  or standard. This “standard” is the average of 38 members of  the Organization for Economic Co-Operation and Development (aka the “OECD”). The OCED, which is comprised of developed or “first tier” nations, who work together to promote economic growth and cooperation, sustainability, establish standards, and common policies.

According to OCED, Luxembourg, Norway, and the United States spend the most money per student of any nation (in that order) along with South Korea and Switzerland (especially at the secondary school level).  In terms of percentage of their Gross National Product (“GDP”), top honors go to the Marshall Islands and the nations of Oceania, followed by the U.S., France, and Austria.

U.S. protectorate of American Samoa for instance spends 14.7% of its GDP on education.  Compare that to Cuba, which is one of the few countries with a near 100% literacy rate, which spends about 9.4% of its GDP on education or Sweden, which ranks near to top in nearly every positive measure. It spends approximately 7.6% (the same as Bolivia) while the nation of Batswana spends roughly 8.1%.

As an aside, the World Population Review, which uses a slightly different set of metrics, have some different, albeit similar numbers. According to the WPR, the United States spends 5.4% on education in general while it’s neighbors, Canada and Mexico, spend 4.1% and 4.2% respectively. America’s top economic competitor, China, spends 4% while Russia invests 4.1% on education. Germany spends 4.5% while France does a bit better at 5.4%.

Who then spends the most on the nation’s education? The African nation of Namibia spends a whooping 9% of its GDP on education. Neighboring Botswana invests 8.!%. Bolivia and Sweden both spend 7.6% on education. Iran only spend 2.9% on education, but then again, they only educate half of their population. India invests 4.1% on its future. The tiny nation of Bhutan spends 5.8%. Turkey invests just 2.9% in its future compared to 3.2% for Japan and 5.8 for the mini-nation of Tajikistan.

Pew Research posted a report in April of 2024 which showed that the U.S. was 28^th out the 37 OCED countries. Japan was the highest along with several other Asian countries placing near the top along with Finland. The lowest score went to Columbia. In science, the U.S. place 12^th out of the 37 OCED nations tested. Again, Japan ranked first while Mexico was last.

However, a more recent study from May 2025 conducted by Data Panda, indicates that the Iceland has the best educational system in the world. It’s followed by Germany, Norway, and the United Kingdom. Next in line was Denmark in fifth place. New Zealand and Finland were tied for sixth. Then came Switzerland, Sweden and Australia were tied. The U.S. was 15^th,  just behind the island nation of Palau and ahead of Canada. Hong Kong was 18^th.  Ireland was 22^nd. Singapore and Austria were tied for 30^th while Japan was 35^th.

Another test from 2025, based on OCED scores, showed that in terms of literacy, the U.S. far outperformed the OCED average, 504 to 476. While that’s impressive, drilling a little deeper in the scoring indicated that while 14% of those tested outperformed the average, they were a majority of White students while the balance, mostly minority students, significantly underperformed with strong indications that they may require remedial instruction.

In terms of math and science, which are essential for medical and technological innovation and advancement (part of the “STEM” or science, technology, engineering, and mathematics curriculum), the U.S. seriously underperformed. 465 to the OCED average of 472, with several Asian and European nations far out scoring the American students. Once again, the scores reveled major failures among 15^th years, especially minorities with over 1/3 being underperformers and just 7% representing top scorers.

 Once again, Asia had the top academic performers. It was noted that this may be indictive of a potential decline in America’s leadership in the area of technology and related fields unless immediate and significant improvements in the educational system aren’t made.

In terms of science, the U.S. did a bit better. The U.S. was 16^th of the 37 national participants, scoring 499 against the OCED average of 485. Asia nations, including Japan, Singapore, Hong Kong, and Macau, made up the majority of those outperforming nations. However, while the U.S. did well, it was due primarily to just 11% of its top scoring students while 22% did poorly.

It's also worth nothing that in terms of the best educated populations, Ireland has the highest number of individuals was a bachelor’s degree based on percentage of population at 54.4%. Switzerland and Singapore are next with 45.6% and 45% respectively. Belgium and the UK complete the top five with 44.1% and 43.5%. The United States is 12^th with 40% and just beating out Australia with 39.8%.  

Of the Middle East, Israel ranks the highest with 39.7%. Argentina, Chile, and Brazil are the top three in South America with 23.7%, 22.9%, and 21.5% respectively. China and India are among the lowest with 6.9% and 14.2%. There were no African countries out of the top 36 nations.

What does all this mean? The United States ranks third globally in what it spends per student, however, we’re toward the middle of the pack when it comes what we spend on education in general based on our GDP. In terms of what we are getting for our money is definitely no bargain. In terms of math scores, are well below average. Our collective science scores are good, but not great. With regards to literacy (reading and comprehension), we are doing well.

The problem, however, is that our achievements overall aren’t evenly distributed. It seems that where we we’re doing well is reliant on primarily private schools and a white student population. Meanwhile, public schools are generally underperforming, especially in schools where the majority student population are comprised of minorities.   

This is particularly a problem in terms of the future as the high achieving White student population continues to shrink and America heads for “majority minority” status. Our current immigration is only making matters worse more quickly with new immigrates coming from countries with a history of underperforming academics. 46% of arriving adults have no education beyond high school---if that! Only around 41% have a bachelor’s degree while few are certified in the trades.

Additionally, those from Latin America and Africa are less likely to possess a high school degree or equivalent whereas those from Europe, Asia, and Oceania are more likely to possess at least a bachelor’s degree. Those entering with a technical or trade certification face stringent hurdles to get their credentials approved which, given the critical shortage of plumbers, electricians, and so forth, needs to change.

Lastly, unless something is done now, such as changing our focus on immigration and focus our school curriculums more on STEM courses and less on “sports” and low/no demand degrees, we are likely to lose our lead in the sciences, medicine, and technology, making increasingly dependent on other nations, particularly in Asia, or to put it another way, we will reap what we’ve sown.

 

Thank you for reading "Another Opinion", the Op/Ed blog page for the "militant middle".  Here at "A/O" we truly value our readers. At A/O we seek the facts as they exist, not partisan talking points.  We hope you find our articles informative and engaging. Comments are welcome, provided they are not vulgar, insulting or demeaning.  Another Opinion is offered without charge and is directed toward all independent and free-thinking individuals. We ask, however, that you "like" us on whatever platform you found us on in order to keep our articles available for free to others. Lastly, in order to keep costs down, we depend on passive marketing, and therefore, depend on our readers to please forward our posts along. Below you will find links to the sources we used in writing this article. Thank you. 

 

OCED

WPR: Education Spending By Country 2025

Data Panda: Education Rankings By Country

U.S. Education Rankings: Global Comparison Performance

 

Charted: The World’s Educated Countries

 

 

 

America's Global Economic Performance and Our Failing Schools

 

Many of the things we took for granted when we were in school back in the 1950's, 60's, and '70's are not considered "politically correct" these days. It seems that the emphasis is more on not "offending" anyone or promoting a culture where nearly everything is acceptable, no matter how irrational. Kids can't tell time using a analog clock or write cursive but they get to pick which gender they want to be and no one has to even tell their parents! You send "Johnny" or "Mary  to elementary school in the morning and they come home as "Johanna" or "Mark"! What the hell?  I was happy if I got to pick out my shirt for school let along my gender! Besides, everyone knew girls had cooties. 

Today kids have story time read to them by individuals dressed like they belong in some sort of John Waters' movie.  They can now choose what they want to study (or not) based on their racial or gender identity.  Disrupting class isn't at all uncommon and often excused as being a part of their "learning culture" or symptomatic of some attention disorder we never heard of when we were kids in school.

 Assaulting teachers while trying to teach class or enforce discipline isn't unusual (and woe unto the teacher who physically responds). Teachers in their 20's or 30's getting caught having sex with kids barely in puberty happens so often it's barely news worthy.  Professional ethics aside, what about simple  morality?

 I personally happen to support saying the Pledge of Allegiance (if you don't want to participate, fine. Just don't interfere with those who do). Strict discipline in the classroom, active participation of the parent or guardian, and teaching civics are essential. If they don't understand the function of government and their role in society as citizens, how can they protect their freedoms? Volunteering 90 days at the end of senior year performing some civic service such as Habitat for Humanity, helping out at the VA hospital, Meals on Wheels, participate on a police or firefighter advisory board, helping seniors or working as an election officer should be mandatory before graduating. 

 I am especially keen on learning being the focus of education. Anything beyond that (sports, band, cheerleading, or whatever) should be a privilege for maintaining good grades. Poor grades or disciplinary issues and the privileges are suspended until the grade or behavior situation is corrected. Repeated offenses and they're revoked. Period.

Some individuals and groups want to promote the introduction of their agenda a denominational prayer in public school and teaching creationism in public school either alongside evolution or to the exclusion of evolution all together. If that's want you want for your child, great. Send them to a parochial school.

 I have no problem with a minute of silence to get yourself mentally ready for the day ahead. If you want to quietly say a little prayer (or have a little prayer circle), have at it. If you want to do a quick mediation, or some late minute cramming for the test you forgot about or get your homework in order, that's fine too. Just be respectful of others. I do not support the notion of mandatory participation in someone else's religious expressions unless it's part of a comparative religions class examining all faiths.

Another key issue is the emphasis on higher education. I also don't believe college is for everyone or necessary for every or even most jobs. Sure, there are some occupations where higher education is needed because of the intellectual nature of the work. However, there are jobs where someone with a proper high school education should be able to do quite well. One reason employers ask for a college degree is just to get a qualified applicant at what would otherwise be the high school  equivalent.

 I've seen high school "graduates" barely function on a 8th grade grammar or reading level or can do math much beyond a 6th or 7th grade level. You can all but forget about basic geography and history (but boy oh boy do they known or video games!).  One resulting outcome is the lowering of colleges and universities minimum admission standards to create an artificial parity based on race or gender rather than academic performance. This is nothing more than a quota system based on discrimination.  

Far too often, teachers and school administrators "fail students forward" rather than hold them back out of fear of being accused of racism, genderism, or whatever the victim card du jure happens to be.   The most common excuse is that failing little "Brad" or "Babs" hurts their self esteem. I think saddling them with a worthless education or bleak employment opportunities is worse than bruised feelings.

Is it any wonder that the United States consistently performs in the lower half of the second tier globally? The U.S. ranked 16th out of 81 industrial countries according to a 2022 test of 15 year olds as administered by the Organization for Economic Cooperation and Development (OECD). We placed 16th in science among the same 81 countries. When it came to mathematics, we were 34th. The top five highest scores all belonged to Asian nations with Japan, Taiwan, Singapore and Macao consistently being among the top performers. 

These are some of our current and future economic competitors for high paying jobs and market shares, which affects employment levels, quality of life, and other key metrics.  If we think of education as an investment in human capital or part of our economic national security, we're losing the battle.

Although the U.S. spends more taxpayer money per student than other countries, we are obviously not getting our money's worth. Incoming President Trump is putting together an advisory committee---the deceptively named "Department of Government Efficiency" (it's not an actual government agency)  led by Elon Musk and  Vivek Ramaswamy. Their job is to review various government projects, programs, and departments and find a way to make them work better and within budget.

 I suggest they start with our school system and find ways to improve our performance. After all, everything starts with education (there are some who, since the 1990's,  have been calling for the disbandment of the Department of Education and a return of educational authority back to the states). As an aside, the Department of Education was elevated to a cabinet level position in October 1979 by President Jimmy "Peanut" Carter (D-GA).

This was just four years after the advent of the disastrous court ordered  fiasco known as "forced busing" which effectively eliminated neighborhood schools. Students as young as six and seven years old, were put onto school buses and shipped all over town for hours at a time each way. This implementation of "social engineering" was intended to create balance in the schools academically and racially.

What it accomplished was a general lowering of academic performance which continues to this day. A better option would have equalizing the money spent on each student and rotating teachers. However, that would have produced a battle with the powerful teacher unions. So, what can we do about it?    

One potential solution is to weed out not just the academically unprepared, but also  redirect individuals who lack the interest or aptitude for higher education. One option would be to adopt a system similar to Germany's where students are tested periodically throughout years K - 8, and channeled into programs which lead to two years degrees, trade or technical schools, or on to higher education. It's one of the reason's Germany has one of the world's most advanced economies in the world.  Of course, the final decision belongs to the student (and parents) who may choose the academic path of their preference.

Students unprepared academically are re-immersed back into the subjects they poorly performed on via in person or online tutoring while extracurricular actives such as sports are put on hold. Students may be required to attend before or after school instruction. In some cases, this may take place during the summer. Until they can pass those courses, they should remain  suspended from  any non-academic events.  

The result is that the abilities and interests of the student is targeted  instead of trying to funnel them onto a path where they have little or no ability or interest. Trade or technical school is one such option. Unlike Europe, America faces a serious shortage of carpenters, welders, plumbers, electricians, glaziers, construction equipment operators, cyber security specialists, and other skills. It's a economic sector where there are real shortages and great opportunities. Making six figures annually isn't unheard of. Neither is owning your own business, where income opportunities can be even higher.

In a 2023 survey, there was a shortage of approximately 374,000 skilled workers in construction. The Association of General Contractors of America had a 70% positive response rate about concerns over the availability of skilled contractors and subcontractors in the upcoming years. 80% of those surveyed said they were worried about unfilled positions long term in the construction industry.

Between now and 2023, the renewable energy industry alone will need 1.1 million more workers worldwide and another 1.7 million to operate the equipment. According to a January 2024 U.S. Bureau of Labor report, the manufacturing industry in the U.S. has a staggering 584,000 unfilled job openings.

Among the reasons for the critical shortage of skilled workers is that the current workforce is slowing but steadily aging out. Almost 70% of supervisors in just the electrical trades are Babyboomers who are quickly reaching or passing retirement age.  More individuals are retiring and leaving than are replacing them. Another explanation is the push by school counselors, college recruiters, and a negative public perception about blue collar workers in general.

The truth is that training for a career in the trades is far shorter and cheaper than getting a Bachelor degree from a college or university. Training, on average, is two years or less plus a short apprentice period which may start simultaneously while being paid with benefits (the average apprentice earns roughly 50% of a skilled worker's salary). It takes about three weeks to qualify for your CDL license needed to be a long haul truck driver (the average salary--with experience--is just over $78,000 yearly).

Typically the cost of attending a trade or technical program can range from just a few thousand dollars to roughly $30,000 with an average cost of $15,000. Many of those attending a trade program are often hired before graduating (some start work will still attending school).

Compare that with the cost to obtain a four year degree. The current average is approximately $10,490 per year for in-state students. For out out-of-state students, that cost can jump to as high as $24,000 per year. If you plan on attending one of the top schools, the cost can be a lot higher. There are a few cheaper options (like attending a unaccredited institution), but remember that you get what you pay for and that's nowhere more true than in education.

Then there's the debt. On average, 61% of those who graduate from a public university leave with diploma in one hand and a bill for $31,960 in the other hand. Over their four years, the majority of students will occur a debt of at least $30,000 by the time they leave. The average federal student loan debt is $37,853 dollars. If you pursue a Masters degree, the costs and debt will be substantially higher.

It used to be that many American workers graduated from high school with a functional degree and would get a good paying job with benefits down at one of the local manufacturing companies. They'd join a union for job security and they were pretty much set. For a large percentage of the country, it was a near guarantee to their entry into the Middle Class. It wasn't uncommon for this path to be multigenerational, but those days are long gone.

Starting in the late 1970's American began transitioning out of manufacturing and largely into the lower paying (and the less secure non-union) service industry. What industry remained has become more automated, replacing most positions. The only ones with job security and a good paycheck are the ones who repair or program the production line robot. But that's not the half of it.

Our parents and grandparents didn't have to face is the level of competition we do. Today, workers not just compete with each other for scarce well paying jobs, nor is their competition in the next town or state. Today's employee faces competition for work thousands of miles away, in countries like India and China where unions don't exist and people will work for next to nothing (and forget about benefits. They're happy just to have a job!). This is where America is losing ground, and when we look back at math and science score of our students, the future doesn't look to bright for the U.S..

When  it comes to technology, the world leader is Japan (Japan is also the world's most literate nation). Second is South Korea followed by China which has a knack of acquiring, studying, and adapting U.S. and global  technology. You don't have to look much further than the America's F-35 and China's J35A stealth fighter jets for proof.

In fourth place the good ole U.S. of A. Behind us is Germany, a country the size of Wisconsin and with a reputation for high quality engineering and efficiency thanks to their excellent dual avenue academic system which puts the trades on equal ground with higher education without the stigmatism as we mentioned earlier. Of course, we wouldn't expect anything else from the Germans.  As an aside, Russia graduates the most engineers of any country followed by the U.S. and Iran according to UNESCO.

 Singapore, a former British colony, is next (remember at the beginning of this article where I mentioned that the top five nations in academic math and science among 15 year olds were all Asian?). Coming in seventh place is Russia. Another country with a "gift" of mimicking U.S. technology. Great Britain, the United Arab Emirates (UAE), and Switzerland round out the top ten.

The key to the future is innovation. It's where tomorrow originates. So, who leads the world when it comes to innovation? That honor goes to Switzerland which dominates its second place competitor, Sweden. The United States has dropped to third place and is just ever so barely ahead of Singapore and the UK. For now, this may get us by, but not for long. Not at the pace the world is changing. How long can we hold on? Only time will tell. But one thing is for certain. If we don't do radically improve our school system and the quality of graduates, we may be facing a bleak future as the world's largest Banana Republic.

 

Thank you for reading Another Opinion! We hope you enjoyed this article and will pass it along. Please don't forget to subscribe. It's free! Lastly, please "like" us on whatever platform you use to read anotheropinionblog.com. It helps beat the algorithms and keeps our articles in circulation. Please find below the links we consulted in researching this article. 

 

Department of Government Efficiency

U.S. Education Rankings Compared to Other Countries

Tradespeople wanted: The need for critical trade skills inU.S.

These countries have the most technological expertise

    

Democracy For Sale: The State of Our Electoral Process

Free elections are considered the hallmark of a free and democratic society, but just how true is that really? The Communist Party of China considers itself a "free" and "democratic" nation since its citizens are free to vote for whoever is on the ballot. Same with the old Soviet Russian Politburo. Of course, with only one "recognized" political party and with only one "official" candidate selected by the party bosses, the citizens may freely choose whoever they want.

 It reminds me of  Henry Ford's famous statement that the public could have whatever color car they wanted...so long as they wanted black except that we can have anyone we want represent us provided they represent the red or blue political slate.

Ultimately, this little nothing more than playing with semantics. Using "political speak", terms such as "free" or "democratic" can be made to mean whatever the state wants them to mean.  Where does America actually rank using existing data when it comes to "freedom" and "democracy"? Living in a society which is based on the capitalist model, a free marketplace would certainly be a good place to start in defining a free Republic. So, let's get started.

According to the conservative "Heritage Foundation", the United States is ranked third out of the 32 nations comprising the Americas (North, Central, and South America).  Globally, the U.S. ranks 25th in economic freedom among the 185 nations in the survey, labeling us as "mostly free" economically.  Our "freedom index" is a 70.1%, down 5% from last year. The globally average is 58.6% (as an aside, with a cut off of 69%, we are on the edge of being labeled "moderately free").

Another key category tied to economic freedom is property rights. When you hear or read about America becoming "socialist" or Communist, one of the first things to pop into your mind should be property rights. The essential hallmark of  both ideologies (no, they aren't one and the same) is who owns the property.

Under both systems,  socialism or Communism, the state or the people own all the property. Individuals or businesses do not own property, any property, including their homes, factories, or offices. But with fascism, the private ownership of property is permitted. So, how does the U.S. rank in terms of private ownership of property?

According to the survey, the U.S. ranked a very impressive 95.1% when it came to private property ownership (I suppose allowances had to be made for "eminent domain"). A perfect score is 100%. The first takeaway from this figure is that we aren't sliding into "socialism" or Communism as some snake oil group or individual would have you believe. 

The fact is that it's the ruling elite who are deathly scared of both Left Wing ideologies. Why? Both would strip them of their wealth and power. no less than a democratic republic would. In the case of socialist democracy, it puts political and economic power directly into the hands of ordinary citizens. Feeling scared yet?

 Our financial freedoms, which includes monetary, investment, trade, and investment freedom, have an average  score of 75.6%, which is good. However, it still categorizes us as "mostly free". Our judicial effectiveness and government integrity were ranked at 74.8% and 76.4%, making us "mostly free".

Our labor freedom is ranked at 77%, which once again puts in the "mostly free" column. It needs to be pointed out the Labor freedom only applies to the ability of workers to work where they please. and to freely quit and go elsewhere. It doesn't specifically include how they're treated, unionized or "Right to Work," their wage or benefits, etc. It bears mentioning that our business freedom score ranks a significant 84.8%, meaning corporate America is doing far better that those who make it run.

Where America has performed poorly has been with government spending and managing the national debt. The U.S. is ranked a dismal 48.7% in government spending, putting it in the "repressed" category. The Institute of International Finance (IIF) ranks the United States the single worse nation  in the world, bar none, in terms of national debt.

We owe over $31.4 trillion dollars to foreign creditors. That's more than the next four debtor nations (China, Japan, France, and Italy). Think of our debt like this. We are the world's top panhandler, depend on other countries to feed our spending addiction while we prop up other nations. The top four countries with the lowest national debt are  Australia, Singapore, South Korea, and Mexico.

Other area we did poorly in was our overall national fiscal health. We ranked at the bottom with a good ole "goose egg". That zero put us deep in the "repressed" category. That's where you'd expect to find totalitarian governments. Being on the bottom is a clear indicator that our economic and political systems aren't stable. Truthfully,  it wouldn't take a great deal to collapse our house of cards.

According to the Freedom House, a think tank known to advocate on issues like human rights, expanding democracy, and political freedom, released it s highly respected "Freedom Index" survey in 2023 (it's latest to date).  It showed that democracy worldwide remains in decline for the 18th year in a row.

Speaking of human rights, the United States earned a letter grade of "D" in terms of its human rights per the Global Rights Project. Numerically, the U.S. was 59th out of 183 countries. The survey comprised a overall score based on physical integrity and protection from government agencies, empowerment and the ability to speak and live freely, protection of worker rights, and fair judicial rights. 

The World Justice Project placed the United States 23rd out of 142 countries when it came judicial equality. Our regional ranking was 19 out of 31. In terms of having an open government, we ranked 16th of 140 countries. In the area of basic rights, we scored 37th out of 140. When we look at overall political stability from 1999 to 2022, GlobalEconomy.com puts the U.S. 100th out of 192 countries; beneath the Congo (97th), Vietnam (98th) and Cambodia (99th) and above Montenegro (101), Guinea (102), and Ghana (103).  Not what you'd expect from the "leader of the free world" is it? 

In case you're wondering, Liechtenstein, Andorra, Aruba, Singapore, and New Zealand made up the top five most politically stable nations. Switzerland was 13th, Australia was 31st, Canada was 46th, China was 132nd, and Russia was 160th. That's some pretty questionable company if you ask me.

Another important factor in establishing a properly functioning democracy is education. After all, students are the future of any nation. In terms of academic achievement, the U.S. ranked 13th in the world according to the Organization for Economic Cooperation and Development (OECD). We were a distant 16th of 81 countries in science, with the top five nations all being from Asia. 

In math we were just as bad, coming 34th out of 81. The top five nations were all Asian---Singapore, Macao, Taipei,  Hong Kong, and Japan.  When it came to literacy, the U.S. ranked 36th of the 83 OECD member states. Just 79% Americans can read and write at grade level when they graduate high school. 25% of children reach adulthood unable to read. 75% of prison inmates never graduated from high school. Meanwhile, countries like Ukraine, Norway, Russia, and Finland all have 100% literacy rates.

19% of high school graduates struggle to read at grade level.  85% of juvenile offenders read below the average literacy rate.  21% of Americans read at or below a 5th grade level. 14% of adults are "functionally illiterate". 14% of Americans---about 32 million individuals---can't read.   What these numbers indicate is that we're losing our competitive edge as the balance of power shifts eastward.

We have the highest poverty rate of the 26 most developed countries with some 40 million Americans living at or below the poverty line (many being veterans). If it wasn't for that old "socialist" Social Security program, as originally called, you'd be adding another 27.3 million people to that number.

When it comes to child poverty, the U.S. ranks second only to Mexico according to the United Nation's UNICEF out of the top 35 wealthiest nations. And to think that the average CEO's income is a mere 196 times that of their employees. Of course, the one upside about poverty is that the poor rarely vote.

According to the OECD, the Organization for Economic Cooperation and Development, the average turnout of registered  voters for a general election is 65%. Here it's 62%. OECD members, Turkey, Belgium, and Sweden have the highest percentage of voter turnout with 78% or better. Chile, at the other end of the scale, has a turnout rate of under 51% after voting went from mandatory to volunteer.

Women vote more often than men (56% vs. 53%). Whites have historically voted in higher numbers than minorities. 75% of those age 65 and over turn out to vote while half of those under 45 don't. Married people vote more often than singles. White collar employees and professionals vote more than blue collar workers by a margin of 70% to 38%. The higher the level of education, the more likely that individual is to vote. Home owners vote more often renters (63% to 38%).

Some voters show up but are turned away because they lack proper identification. Since you have to have a photo ID for practically  everything, why would someone assume they wouldn't need a photo ID to vote? The Left complains that requiring proof of who you are somehow discriminates against minorities while conservatives say it's simple common sense in a era of stolen identity and voter fraud.

Perhaps the biggest reason for the low turnout is that simply voters don't care. According to Pew, over 60% of Americans are frustrated with elections and politicians. Many---39%--- no longer trust the corporate media. Congress represents Wall Street, not Main Street.

Americans know that the one with the most money usually wins (thanks to Citizens United and the corporate financing of politicians and the two parties) while other candidates---Independent and third party--- are virtually ignored, assuming they can even get on the ballot thanks to crooked electoral regulations. Partisan gerrymandering virtually guarantees the incumbent will win and with the absence of term limit, it means they're going to be there for many years to come.

Lastly, when it comes to primaries, the nation's largest voting bloc, Independents, and their third party kin, are prohibited from participating in most states (despite the fact that our taxes finance the primaries, making it quite literally the definition of taxation without representation). That in itself is a poor commentary on our election system.

What does this say about our democracy? It says we are looking at some very deep cracks in our nation's foundations. Poverty growth and educational decline are affecting our ability to compete globally and straining our national safety net (and that doesn't even consider illegal immigration). The well-to-do are more likely to protect their interests compare to anyone else regardless of race, gender, orientation, or ethnic group.

Congress, as well as other branches of government are dominated by Wall Street. How else do you explain an approval rate below 30% and a reelection percentage of 98+%? They underwrite their campaigns, help write the legislation, review and make recommendations about proposed bills. The majority of Americans have all but lost interest in what's happening in Washington and state capitals out of frustration.We've come to accept theater over substance. We often hear about "woke" Americans, but unless Americans collectively wake up, what remains of our Republic will fade away and will cease to exist except for in our memories.

 

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The Heritage Foundation: Index of Economic Freedom

How does the US debt rank compared with the rest of theworld?

Why the U.S. scored a "D" for human rights in a new report

World Justice Project: Rule of Law Index

The Balance: U.S. Education Rankings Compared to OtherCountries

22+ US Literacy Statistics: Literacy Rates, Average ReadingLevels

The Best Healthcare in the World: Country Ranking

Debt.org: Poverty in the United States

 

 

 

 

 

 

How to End Student Debt in a Sensible Way

Well, old  "Doddering Joe" Biden has been out on the campaign trail again peddling one of his few big issues---paying off everybody's school debt. It seems a shame that after nearly four years in office, and he has virtually nothing to show for except a disaster with Afghanistan and a rocky economy. Even the school debt matter is little more than pie in the sky, but at least it sounds good to college students and hopefully, at least for Biden, that will translate into votes this November.

I guess you can't blame the students. Most of these young adults have racked up thousands of dollars in debt without thinking much about the long term consequences. The average tuition cost for 2021-2022 academic year was $10,740 for resident students at four year colleges. For out of state students it's double that at $27,560 dollars. Room and board for the academic years runs an additional $11,950.

Is any wonder that the average college student carries a debt of $38,290 according to Experian (this is usually in the form of federal student loans). Private student loan debts amount to $54,921. The total academic debt exceeds $1.74 trillion dollars, and that's the amount Biden is wanting us to pick up the tab for, which begs the question, just where does Biden think that money will come from?

Maybe he thinks we can just take it out of our savings account, but oh wait, nearly a quarter of Americans don't have a savings account. 23% of Americans can't come up with $1000 for an emergency. Of those who do have a savings account, 49% have less than $500 while 36% have $100 or less available!

In fact, according to a 2023 survey by Payroll.org, 78% or over 3/4 of all Americans live paycheck to paycheck, which is a 6% increase over 2022. The average American's  household debt runs about $104,250. In 2023, the total mortgage debt of all Americans was $12,252 trillion dollars! 

So how do most Americans live? They borrow it! The average credit card for household in 2023 was $6,501. Nationally credit card debt amounted to $1,129 trillion dollars. In married households, it common that both adults work. Some often hold down two or sometimes three jobs to make ends meet. 

Is it any wonder that 11.6% of Americans live at or below the national poverty line? That's roughly 37.9 million of us. Again, I ask where President Biden thinks we're going to find the money to take on someone else's debt when we can't pay our own? Obviously the student debt---all $1.74 trillion dollars of it---isn't simply going to vanish into the blue.

One way would be for Biden to ask the Federal Reserve to print money to pay the student debt. The problem with that is printing off more money isn't magic. "Someone" still has to pick up the tab, that "someone" is usually the U.S. taxpayer in the form of inflation.

 With inflation, the costs of pretty much everything goes up, from food, medical care, and mortgage to the costs of utilities and interests rates on damn near everything, but usually not wages. Thus you have to pay more with the same amount of money.   

The U.S. sells its debt in the form of Treasury bonds. This, however, is nothing more than kicking the "honey pot" down the road a short piece while paying interest on top of it. Bear in mind too that countries like China, a potential nemesis, owns about 10.17% of our debt (Japan owns the most at 14.52%. The UK is third with 9.16% of our debt). U.S. investors (mostly corporate) owns the most at 32.5% followed by foreign corporate investors which own 29.3%.

When looking at college debt, 53% of federal student loan debt is $20,000 or less. 47% of college debt is actually owed by just 10% of college students who have debt in access of $80,000. 51% of those with a bachelor's degree owe under $30,000. 10% of students have private student loans (which also tend to have higher interest rates ) also had almost double the student debt.

So, with all that debt, how many graduates found work in their chosen field? Most studies show that just 47% are using the their degree in the field  of their choice (the majority of those are in fields like computer science, accounting, actuary science, medicine, or law).

What's of note is that 52% of college graduates are underemployed a year after graduation or not working in their academic field.  33% are unemployed one year after graduating. Meanwhile, 47% have jobs which don't require a four year college degree! To put it another way, it means a substantial number of college graduates have degrees in which there is little or no demand for regardless of their GPA and they're stuck with a big ole debt.

Unfortunately, the majority of those going to college are doing so because they've been conditioned to think a college education is the only way to get a decent job. In fact, there's almost an entire industry that's trying to convince high school students to go to college!

They hear it from their teachers, from guidance counselors to college enrollment professionals (many of whom earn a commission for every student enrolled) and companies peddling loans. Many HR people have changed their job requirements to require a four year degree when in the past a simply high school diploma was all that was needed (if that!) without changing the salary or benefit levels very much. 

In Europe (and most notably Germany which ranks first in the world with a 99% literacy rate and a academic performance ranking of .94%  out of 1.00%), they have a much more advanced approach when it comes to education. Children, beginning in pre-school, are evaluated at regular intervals to measure their interests, aptitudes, and academic performance to determine whether a child should be steered toward the trades or higher education.

It needs pointing that in Europe, unlike America, there is no stigma among children going one track or the other, and no child is locked into a given path. They may opt to change direction at their discretion (along with the parent's approval). In addition, as in America, the trades often pay well, they're in high demand, and often offer good benefits. Finding a unemployed plumber, carpenter, or electrician in Europe (or anywhere else) is damn near impossible!

America needed to revamp its academic system and adopt something similar. Not every individual needs to go to college and not every job requires a four year degree...or its crippling debt. Secondly, the requirements to graduate from high school has been repeatedly "dumbed down" since the late 1960's (at the same time schools started throwing out the need for discipline in classrooms). Want proof? Compare a math, English, or science book from the 1950's with one from now. How many students today could successfully get through one? Not many.

We've developed the bad habit of "flunking" students forward out of fear of upsetting their fragile little egos or angering their parents and getting sued. Teachers spend more time babysitting or worrying about getting jumped than teaching. The result is an academic system which has failed everyone.

It's time to return to stronger academic requirements...and performance in order to graduate.  For students who don't want to learn or disrupt others, get them out of the classroom since it's doubtful the "board of education" will ever be reintroduced. Nevertheless, there's no reason these individuals should be allowed to interfere with the education of those there to learn.

As an aside, during the 2021/22 school year, Homeland Defense reported 327 school related shootings resulting in 188 deaths or injuries. During the same period, 43% of  educators know of a teacher, principal, or someone affiliated with the public school system who've been assaulted by at least one student (often they're jumped by groups). Of this, 20% have been principals. Attacks on school bus drivers have risen 121% between 2001 and 2022. This is completely unacceptable. 

Suspending them does no good. That's what they want---to be out of school. Put them to work doing something they don't want to do like janitorial work at the local jail or prison. Maybe assign them to picking up trash along the roads. Send them to a "juvi" bootcamp. Let them find out what life without a solid education is really like.

As an aside, high school teachers and academic advisors need to change their mindset. Not every student needs to be guided toward college or the military.  The military is a good option for some people, but not all. Not everyone has the right temperament or physical ability for the military. For those who do, they can get good job training if they pick the right rating or MOS (always think about whether your selected MOS or rating is easily transferable to the civilian world after you get out). The military also offers decent benefits, and you'll sure grow up fast!

For those not going to college or lack the urge to "be all they can be", there's the trades. Often overlooked or ignored, the trades are a great way to make a living and provide for a family. First, the pay can be great. So can the benefits. You can work for yourself or someone else (a terrific option to gain experience). You can go union or not. Basic training is generally short and often there is little or no debt. Lastly, there's a huge and growing demand for most all trades. It is a seriously great way to go.

America has a failing  (or failed) school system. Academically, the United States ranks 36th in world for mathematics and 24th in science. By comparison, the top five highest scores in math all go to Asian countries. The Scandinavian countries rank in the top tier across the board.

Overall, the U.S. in 33rd out of 44 advanced industrial countries academically, placing us in the middle of the bottom tier. It's common in the U.S. nowadays for employers (including the military) to provide remedial classes in reading comprehension and basic math for so .   How do we expect to compete globally with results like that?

Next, employers need to reevaluate their job requirements. Does every position actually require a four year degree? If so, then you need to also reevaluate your pay scale and be prepared to pay out a lot more for your potential new employees. Otherwise, employers need to bring their job requirements more in line with what the job actually calls for.

The world doesn't need another art major any more than it needs another gender or race centered major. If we're to reduce college debt, either colleges are going to need to cut their tuition rates (which won't ever happen) or a new approach is going to have to happen to help graduates quickly gain employment to they can start paying off their debt.

That means they need to reassess their choice of majors. All new admissions or undecided majors, along with school councilors, need to review each student's proposed major/minor. Part of the review needs to include a look as the job demand for that particular degree. If there is little or no demand for that job, the applicant must either choose a new major or include a second major (or expanded minor) in a field where there is a demand that's complementary to their major.

For instance, if an applicant choose history as a major, then they need to back that up with courses in something like law, biology, or financial analysis; something where there's an actual demand in the job market. If they choose an art major, then they need to support it with a expanded advertising or marketing minor. The same goes with gender or African-American studies, anthropology, humanities, and so forth. If they combine their desired degree with something employable to fall back on then maybe they can stay out of their parent's basement!

Another opinion is to offer lower interest rates to students pursuing degrees that are in demand, thus making them less of a risk to the lender.  The average interest rate among all student borrowers is 6.87% for federal loans (just over 94% of all student loans. For undergraduate loans, it's a little less at 5.50%.  For those seeking graduate or professional degrees, the interest rates on loans range from around 7.05% to 8.5%. Interest rates from private lenders varies wildly, typically from 3.99% to 13.99 for fixed rates and 5.24% to 13.99% on variable rates.

Much of this is determined by the borrower's credit history and employment status. Other factors include their current debt load or whether they have a co-signer or not and their credit worthiness.  If someone is majoring in a degree where there is a demand, and thus the likelihood of  them getting hired quicker, they would obviously be a better credit risk and thus should be rewarded with better credit terms.

But none of this is what President Biden is peddling. His solution is to wave his magic ink pen and make all student debt suddenly disappear---poof! Just like they never promised to pay it back. Maybe this would be their final lesson --- you don't have to take responsibly for the decisions you make. "Someone" (meaning the government) will bail you out, which means everyone else will have to pay for your bad choices and broken promises.

If you think about it, it kinda makes sense in a twisted sort of way. The United States is the worse debtor nation in the world. The federal debt tops $34 trillion dollars and yet it routinely spends money it doesn't have. Washington can barely make payment on just the interest, which was $725 billion dollars as of July 2023. That's 14% of entire federal budget. But no worries. They can always raise the debt ceiling and go on their merry way!

At the same time, unlike nearly household in America, Washington has consistently refused to adopt a balanced budget amendment which would prohibit them from spending more than they take in.  Is it any wonder then that college graduates and others should expect someone else to pay their bills?

 

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What is the average student loan debt in 2024--- and whatare the impacts?

Average debt in America: 2023 statistics

Nearly Half Have Less Than $500 in Savings: How To Build UpYour Balance in 2024

Average Cost of College Tuition

 

37.9 million Americans are living in poverty, according tothe U.S. Census. But the problem could be far worse

Living Paycheck to Paycheck Statistics 2024

58 Trade school vs. college statistics for 2022

New college grads are more likely to be unemployed in today's job market

Average Student Loan Interest Rate