So in my gallivanting through the BEA I happened across the national accounts where they break them down into pretty specific detail. And out of curiosity I calculated how much housing accounted for GDP over time.
Again, still a long ways to go.
But while I was there, why not find out what percent of the economy other sectors account for?
So I looked at two;
Recreation and Medical Care.
And while we spend now twice the percent of the economy on "recreation," we've increased our spending 6 fold on medical care.
I think we've forgot what life is all about. For the left would like you to think that the true measure of "standards of living" and happiness is how much is spent on education, healthcare and touchyfeelygoodfeelings. No wonder the UN and all the bevy of NGO's always point to the worthless "Human Development Index" as a measure of "happiness" No wonder "Finland" tops the "Best Country to Live In" in all these commie-sponsored studies.
The true measure of happiness is how much disposable income you have and how much of it you spend on recreation.
Too bad too many people are paying to live longer, but not necessarily live.