Wealth, like income and taxes, is highly concentrated; the richest 10% of the adult population possess 72% of the country's household wealth, while the bottom half claim only 2%. According to a September 2017 report by the Federal Reserve, the top 1% controlled 38.6% of the country's wealth in 2016. According to a 2018 study by the OECD, the United States has a larger percentage of low-income workers than almost any other developed nation. This is largely because at-risk workers get almost no government support and are further set back by a very weak collective bargaining system. The top one percent of income-earners accounted for 52 percent of the income gains from 2009 to 2015, where income is defined as market income excluding government transfers. In 2018, U.S. income inequality reached the highest level ever recorded by the Census Bureau.
The United States has a "Special Relationship" with the United Kingdom and strong ties with India, Canada, Australia, New Zealand, the Philippines, Japan, South Korea, Israel, and several European Union countries, including France, Italy, Germany, Spain and Poland. It works closely with fellow NATO members on military and security issues and with its neighbors through the Organization of American States and free trade agreements such as the trilateral North American Free Trade Agreement with Canada and Mexico. Colombia is traditionally considered by the United States as its most loyal ally in South America.More Info
The military budget of the United States in 2011 was more than $700 billion, 41% of global military spending. At 4.7% of GDP, the rate was the second-highest among the top 15 military spenders, after Saudi Arabia. Defense spending plays a major role in science and technology investment, with roughly half of U.S. federal research and development funded by the Department of Defense. Defense's share of the overall U.S. economy has generally declined in recent decades, from Cold War peaks of 14.2% of GDP in 1953 and 69.5% of federal outlays in 1954 to 4.7% of GDP and 18.8% of federal outlays in 2011.More Info
The government is regulated by a system of checks and balances defined by the U.S. Constitution, which serves as the country's supreme legal document. The original text of the Constitution establishes the structure and responsibilities of the federal government and its relationship with the individual states. Article One protects the right to the "great writ" of habeas corpus. The Constitution has been amended 27 times; the first ten amendments, which make up the Bill of Rights, and the Fourteenth Amendment form the central basis of Americans' individual rights. All laws and governmental procedures are subject to judicial review and any law ruled by the courts to be in violation of the Constitution is voided. The principle of judicial review, not explicitly mentioned in the Constitution, was established by the Supreme Court in Marbury v. Madison (1803) in a decision handed down by Chief Justice John Marshall.More Info
Accounting for 4.24% of the global population, Americans collectively possess 29.4% of the world's total wealth, and Americans make up roughly half of the world's population of millionaires. The Global Food Security Index ranked the U.S. number one for food affordability and overall food security in March 2013. Americans on average have more than twice as much living space per dwelling and per person as European Union residents, and more than every EU nation. For 2017 the United Nations Development Programme ranked the United States 13th among 189 countries in its Human Development Index and 25th among 151 countries in its inequality-adjusted HDI (IHDI).More Info
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