INSIGHTS: Burnout Economy


Economies like Australia and Canada are struggling under what economist Tarric Brooker calls the "Burnout Economy." High immigration and government spending drive GDP growth but mask declining productivity and GDP per capita. Young people bear the brunt, with rising costs and stagnation limiting their ability to start families or build wealth. Meanwhile, older generations are spending more, exacerbating the imbalance. In contrast, the US avoids this trap by investing in industries that drive productivity.

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