Rapidcreek@lemmy.world to News@lemmy.world · 7 months agoThe U.K. and Japan have slumped into recession while the U.S. keeps defying gloomy expectationsfortune.comexternal-linkmessage-square17fedilinkarrow-up10arrow-down10
arrow-up10arrow-down1external-linkThe U.K. and Japan have slumped into recession while the U.S. keeps defying gloomy expectationsfortune.comRapidcreek@lemmy.world to News@lemmy.world · 7 months agomessage-square17fedilink
minus-squareDeceptichum@kbin.sociallinkfedilinkarrow-up0·7 months agoThat is straight up incorrect. UK millennial population is 21.47% US millennial population is 21.67%
minus-squareKbobabob@lemmy.worldlinkfedilinkarrow-up0·7 months ago14,391,255 in the UK 72.24 million in the US That percentage doesn’t mean much when there are 400% more people buying things.
minus-squaretal@lemmy.todaylinkfedilinkarrow-up0·7 months agoYou’d care about relative proportion of the population, not absolute. A recession is defined by relative change in the size of the economy, not absolute.
minus-squareSuiXi3D@kbin.sociallinkfedilinkarrow-up0·7 months agoPercentage doesn’t equate to the actual number of people, though.
That is straight up incorrect.
UK millennial population is 21.47%
US millennial population is 21.67%
14,391,255 in the UK
72.24 million in the US
That percentage doesn’t mean much when there are 400% more people buying things.
You’d care about relative proportion of the population, not absolute.
A recession is defined by relative change in the size of the economy, not absolute.
Percentage doesn’t equate to the actual number of people, though.
Economies scale.