Sunday, December 16, 2012

Sinking U.S. Now Ranks As a 16th Rate Country

A new listing of the best countries to be born in next year places the United States at only No. 16.
One reason cited for the lower-than-expected listing: the federal debt.
The list was compiled by the Economist Intelligence Unit, a sister company of The Economist, and “attempts to measure which country will provide the best opportunities for a healthy, safe and prosperous life in the years ahead.”
Among the factors considered are wealth, crime, trust in public institutions, demographics, health, geography, and economic forecasts to the year 2030, when children born in 2013 will reach adulthood.
Switzerland ranks at the top of the list, followed by Australia, Norway, Sweden, and Denmark.
Rounding out the top 10 in the list of 80 places are Singapore, New Zealand, Netherlands, Canada, and Hong Kong.
“America, where babies will inherit the large debt of the boomer generation, languishes back in 16th place,” The Economist notes.
Germany is tied with the U.S. at No. 16, ahead of Japan (No. 25), France (26), and Britain (27).
At the bottom of the list is Nigeria at No. 80.
The lowest Western Hemisphere country is Ecuador at No. 65, and the lowest European nation is Ukraine at No. 78.
China comes in at No. 49, while Taiwan is No. 14. Russia is down the list at No. 72, just behind Indonesia.

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