According to the Pew Charitable Trusts, 80 percent of U.S. adults are in debt. This number includes debts related to mortgages, auto loans, credit cards, medical services and student and personal loans. A 2015 Nerdwallet analysis of Americans' debt revealed that, on average, U.S. households carry debts of roughly $130,000 with those related to mortgages and student loans being the most costly.
Through Medicare and Medicaid, The U.S. government provides and subsidizes medical care for individuals who meet certain qualifying criterion. Doing so, comes at a hefty cost and during 2014 federal Medicare spending topped $618 billion while Medicaid spending totaled more than $495 billion.
In recent years, there have been many questions and concerns raised about the safety and possible negative heath effects associated with the consumption of genetically modified organisms. According to the non-GMO Project, while many countries have enacted strict bans on GMO products, GMOs "are in as much as 80 percent of conventional processed food," that is made, marketed and sold in the U.S.
According to Carfax, during 2015, some 51 million motor vehicles in the U.S. were impacted by recalls-the highest number on record. From faulty ignition switches to defective airbags, in many cases these recalls relate to problems that, if not repaired, could result in a driver or passenger suffering serious or fatal injuries.
During 2012, the medical device and equipment industry in the U.S. grossed revenues of more than $64 billion. Since that time, revenues have only increased and are expected to continue to skyrocket in the coming years. With so much money at stake, competition between medical equipment and device makers is fierce. At times, some companies may resort to business practices that teeter on or cross over the line of not only being unethical, but also illegal.
In recent years, it's been revealed that many of the ingredients that are used to make the foods we eat and the products we use are actually bad for us. As American consumers grow increasingly concerned and aware of the health risks associated with many of the synthetic and artificial chemicals that are used to make our food a certain color and our lotions a certain consistency, many are turning to more natural alternatives.
Within the technology world, Apple, Inc. is among the most progressive and admired of all major tech corporations. In June of 2007, with the introduction of the first iPhone model, the company's innovative iPods were expanded and improved upon to include Smartphone capabilities. Since that time, the company has released a total of six iPhone versions with each including improvements in speed and additions in technological capabilities.
With a name that translates into English as "the people's car company," since its formation in 1937, the German motor vehicle company Volkswagen eventually grew to become the biggest carmaker in the world. However, when news of the company's deceptive practices related to emissions-rigging software became public earlier this fall, Volkswagen’s reign at the top came to an abrupt end.
For many private businesses, a service contract with the United States government is a highly-coveted prize. USAspending.gov notes that the U.S. government has paid out more than $8 billion dollars in contract deals. While many government contractors take care to ensure that they are accurate and ethical in their billing practices and dealings with the government agencies to which they provide goods and services, some regard a government contract as an opportunity to defraud the government and to essentially steal from U.S. taxpayers.
With an estimated population of around 65 million, individuals who make up the so-called baby boomer generation have been influential in growing the American economy and shaping U.S. culture. By the year 2029, as the last of the baby boomers turn age 65, individuals of this generation are expected to make up roughly 20 percent of the U.S. population.