The Higher Cost of Higher Education

higher-education-international-studentsStudying abroad can be very expensive, specially if you are looking at universities in Australia or the United States.

The average cost of higher education for international students is very high in Australia, where a student is expected to pay a total of $38,516 in annual fees and cost of living. Australia is followed by the U.S. where the average cost of one year of higher education is estimated at $35,705. Other countries with a steep tab on higher education include the United Kingdom, Canada, Japan, Singapore, and Hong Kong.

On the other hand, more affordable higher education can be found in Germany, where the average cost of one year of college annual fees plus cost of living is estimated at $6,285. Other countries with affordable higher education include Spain, Taiwan, China, and Russia.

Source: International Business Times- International Students: Higher Education Is Really Inexpensive In Germany, But Not In The US [CHARTS]


Wealth Comparison for the Years 1500 and 2015

wealth year 1500

wealth year 2015Comparing the levels of wealth per person for the years 1500 and 2015, as shown in these two maps, it is interesting to see how economic power has shifted from some nations to others.

Back in the 1500s, economic power was held by a majority of European nations leaded by Italy. China ranked number 23, India 53, and Japan 61. North America’s wealth was negligible compared to Europe’s, but the African region enjoyed more wealth than they do today.

A forecast for the year 2015 places Taiwan, Hong Kong, and Singapore at the top in GDP per capita. Some European nations are still wealthy, such is the case of Malta, Luxembourg, Norway, and Ireland, but Italy is not in the lead anymore. Japan’s wealth per capita has increased, and so has the United States’, but the wealth of African countries has become the lowest worldwide.

Source: Global Finance: Wealth Distribution and Income Inequality by Country