Tuesday, April 10, 2012

Infographic: How We Spend Our GDP

Today's Managing Health Care Costs Indicator is 13%
This month's Atlantic Monthly has two interesting infographics about how we spend our GDP in the United States.  We spent 4.8% on health care in 1947, 8.1% in 1967, and it's up to 18% as of 2007.  It's also striking how much less of the GDP we spent in 2007 on government services. In fairness, this has gone up through the Great Recession with increases in government services for those who faced financial hardship.

This doesn't all represent 'crowd out.'  Far fewer Americans grow or process food - so no surprise we're spending less on this.  The decrease in percentage of GDP going to education is especially scary, though. 

Click image to enlarge.  Source
Click image to enlarge.  Source 

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