Spending: U.S. vs Asia

I grabbed this slide from a presentation by Michael Milken.  His point was a possible misallocation of resources in that Americans are spending around 50% of their incomes on housing and transportation while people in Asia are spending around 16%.  The other interesting point is how much Americans are getting out-spent in education and how that might impact the future.  For more, check out his conversation with Gary Becker here.