A diverse group of scholars evaluating American well-being revealed that while the U.S. economy has significantly outperformed its global counterparts, this has not resulted in enhanced living standards for most Americans. Their comprehensive analysis identified 37 metrics, exploring conditions like economic performance, physical and mental health, and social trust. Despite the U.S. leading in GDP growth, it faces severe challenges like low life expectancy, high crime rates, and rising youth depression, raising questions about the true quality of life for its citizens and the effectiveness of economic success.
We're so wealthy but so unhappy, said Bradley Birzer, a historian at Hillsdale College, a Christian school in Michigan. It seems like the central question of modernity.
We are the richest country in the world, but we chronically fail to offer broad-based economic prosperity and security, said Heidi Shierholz, president of the Economic Policy Institute.
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