I was recently having a discussion about unemployment in the U.S. and how it relates to the $500 billion annual U.S. trade deficit. That got me thinking: just how much do Americans spend per month on imported goods and services? Well I did a few calculations, and what I found was shocking.
I divided the total value of imports in the U.S.A. for 2013 ($2.74 trillion) by the number of adults in the U.S.A. (240 million), then I divided that by 12 (for 12 months in a year). On average, each U.S. adult is responsible for over $950 in imported goods and services per month!
That is much more than I thought was even possible. Can you imagine that? Every month, every U.S. adult is responsible for nearly $1,000 in imported goods and services. We have really let ourselves go!
But here is something equally amazing. …
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