Is America Giving Up?

Is America Giving Up?

In real terms, the U.S. economy expanded by a total of $290 billion dollars in 2013. With some minor adjustments, that's essentially the amount of extra income created by the nation as a whole. It also represents the increase in the purchasing power of its residents.

By comparison, China's economy added over $800 billion dollars to its citizens spending power during 2013 alone. That's an extra $800 billion that is now available for Chinese households to purchase new products and services or to save and help fund new ideas and technologies. At this rate, China is expected to overtake the U.S. as the largest marketplace in the world by the end of the decade.

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