K-12 Tax & Spending Climate: The American middle class is worse off compared to others around the world
A new report by Credit Suisse Research Institute analyzed global wealth in 2015 and reported unequal distribution among populations. The very wealthy continue to reside in North America and Europe, but China’s increasing middle class outpaces other global regions.
Almost half of the world’s adult population with wealth over $1 million lived in North America. More than a third of adults throughout the world with wealth in the $100,000 to $1 million range resided in Europe, and China had the highest percentage of middle-class adults worldwide — 36 percent.
Madison continues to grow its K-12 spending (now more than $15,000 per student annually), despite long term, disastrous reading results.
