. Moreover, government expenditures on Type 2 diabetes patients ranged from $25 billion to $38 billion in 2010, mostly on medication and hospitalization ( Yesudian and others 2014 ). Within the next decade, the government is expected to spend roughly $237 billion on health care related to diabetes, stroke, and heart disease.
In China, in 2009, the government is estimated to have spent $3.5 billion treating obese patients. Recent estimates suggest that diabetestreatment costs the government about $25 billion a year, and it’s expected to reach $47 billion by 2030, which
International Monetary Fund. External Relations Dept.
This paper focuses on millennials who are increasingly looking to find their way in the sharing economy, a phenomenon made possible by the emergence of digital platforms that facilitate the matching of buyer and seller. Jobs in the sharing economy—like driving for Uber or Lyft—help some millennials make ends meet, even if such temporary gigs are a far cry from the fulltime jobs with traditional pension plans and other benefits their parents often enjoyed. This generation also enthusiastically embraces the services of the sharing economy, which provides access to everything from beds to cars to boats without the hassle of ownership. Loath to buy big-ticket items such as cars and houses, millennials have sharply different spending habits from those of preceding generations. Millennials confront obstacles to prosperity that their parents didn’t face. They are better educated than previous generations—but in today’s world, that is not enough to guarantee financial success.