With persistently strong job growth, the U.S. economy is in comparatively good shape. But a recent IMF report (the International Monetary Fund’s “Annual Consultation with the U.S.”) shows that, in terms of living standards, the U.S. has been losing ground to other OECD members.
This has important implications for wellness since living standards constitute a critical component of overall well-being. Whether it’s average annual wages, labor force participation, life expectancy at birth, overall mortality rate or healthcare coverage, the U.S. is fast becoming the “sick man” of the rich world—as far as these crucial criteria are concerned.
A very interesing topic, since health is the most important asset of any economy.