World Bank: Child born today in the United States will lose 30% of its potential lifetime earnings

On average, a child born today in the United States will lose 30% of its potential lifetime earnings, according to the World Bank.

World Bank recently published its Human Capital Index (HCI) and the United States scored 0.70.

According to the World Bank, HCI “reflects the productivity as a future worker of a child born today, compared with what it could be if he or she had full health and complete, high-quality education”, which is measured on a scale of zero to one — one is the best possible score.

For instance, a country score of 0.5 means that individuals, and the country, are forgoing half their future economic potential.

The United States (0.70 HCI) is 34th country on the Human Capital Index list for 2020, behind countries like Lithuania, Latvia, Malta and Croatia (0.71 HCI).

According to the World Bank, best chances for reaching its potential has a child born today in Singapore (0.88 HCI).

Second best place to be born in 2020 is Hong Kong (0.81 HCI) and third is Japan (0.80 HCI).

Fourth place is shared between Republic of Korea, Canada, Finland, Macao and Sweden (0.80 HCI).

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