7 Statistics on Why Economic Growth Matters
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The document presents key statistics highlighting the significance of economic growth, including historical and projected average growth rates. A 1% increase in growth could eliminate $3 trillion of debt and create 2.5 million jobs, while current rates would take 99 years for incomes to double. A higher growth rate could enhance the standard of living for the middle class by 10% over the next decade.
7 Statistics on Why Economic Growth Matters
- 1. 7 Statistics On Why Economic Growth Matters
- 2. Fact 1 3.3%: The average annual growth rate between 1947 and 2013.
- 3. Fact 2 2.5%: The projected average annual rate of growth over the next 10 years.
- 4. Fact 3 $3 trillion: The amount of debt that could be eliminated by a 1% increase in average annual growth over the next 10 years.
- 5. Fact 4 2.5 million: The number of jobs that would be created if the average annual growth rate were 3.5% over the next 10 years.
- 6. Fact 5 99 years: The amount of time it would take for incomes to double under the current 1.5% average annual growth rate.
- 7. Fact 6 33 years: The amount of time it would take for incomes to double under an annual rate of 3.3% growth.
- 8. Fact 7 10%: The increase in standard of living for middle class if the average annual rate of growth were one percentage point higher over the next 10 years.
- 9. Click SHARE if you agree that economic growth should be a top priority! #Growth4US