Chai: U.S. No Longer Among the 10 Most Prosperous Countries
Ten countries have now become more prosperous than the United States.
The U.S. is ranked No. 11 in the latest annual Prosperity Index, which was released this week by the Legatum Institute, an international think tank based in London.
The index ranks 142 countries overall and in eight categories:
- The economy
- Entrepreneurship and opportunity
- Safety and security
- Personal freedom
- Social capital
The Legatum Institute states that its index is unique in that it’s based on both income and well-being:
Prosperity is more than just the accumulation of material wealth, it is also the joy of everyday life and the prospect of an even better life in the future.
The countries that made the top 10 based on their overall scores this year are:
- New Zealand