Only 1.2% Of American Spending Actually Ends Up In China - Brooklynian

Only 1.2% Of American Spending Actually Ends Up In China

Well, as this report from the Federal Reserve Bank of San Francisco reveals, for starters, 67% of American spending is on services — and 96% of the services we buy are totally made in the USA. So that takes out a big chunk of spending right there. On top of that, only 10% of American spending is on durable goods. And USA still dominates that category, clocking in at 66%, while China is only 12%.It gets even better. 11.5% of what US shoppers spend goes towards goods and services produced overseas, but 36% of that goes towards US companies and workers in the form of paying for transportation, wholesale, and retail activities.In the final analysis, only 2.7% of American spending is on "Made in China" goods, and only 1.2% of the American expenditure is on the true cost of the goods. So for every dollar spent on a plastic "Made in China" "Robert-Cop" doll, 55 cents ends up in the pockets of American companies.

http://consumerist.com/2011/08/only-3-of-american-spending-actually-ends-up-in-china.html

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