Brazil Is the New America How Brazil Offers Upward Mobility in a Collapsing World, by Davidson, James Dale
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- ISBN: 9781118006634 | 1118006631
- Cover: Hardcover
- Copyright: 8/7/2012
The US faces its greatest solvency crisis ever with unfunded Medicare, Social Security along with threats to the stock market and diminishing wealth in the US. Steadily falling income in the US is another concern. According to the author, people need to get off the "sinking ship" and go to Brazil. Unlike the US economy, the economic situation in Brazil is still quite strong, in part because the consumer economy is relatively non-leveraged. Per capital GDP in Brazil has more than doubled over the past ten years. Cost structure of employment is generally lower than in the US. Brazilians are uneasy about debt and many people there wouldn't think of buying a home unless they can pay for it in cash.