Since at least 1870, the United States real GDP growth rate per capita has been about 2% per year. If this trend continues in the 21st century, the real average income per capita in the United States will be 7.24 times higher in 100 years. Currently, the United States has an estimated GDP per capita of $48,000. This means that by 2108 the GDP per capita of the United States will over, $300,000, adjusting for inflation. It is difficult to imagine a world where the average person makes over $300,000 per year.
Will the 2% real GDP per capita growth rate continue in the future? I guess only time will till..It is a possibility I would love to see happen.
Posts
