Did you know that the U.S. has led the world in foreign aid disbursements almost every year since WWII? In 2012, the U.S. sent 37.7 billion dollars overseas for foreign aid. When allocated properly, foreign aid spending helps strengthen national security and commercial interests, and it also addresses humanitarian concerns. The objectives include promoting peace and security, investing in people, promoting economic growth and assisting in humanitarian concerns.
The top five recipients of our foreign aid contributions in 2012 included Israel ($3.075 billion), Afghanistan ($2.327 billion), Pakistan ($2.102 billion), Iraq ($1.683 billion) and Egypt ($1.557 billion). Israel received a whopping $388 per capita, which is the aid the country is receiving per person. An important issue to consider is whether or not we can afford to be so generous. After all, we must deal with social security, defense, medicare and education funding here at home.
What do you think? Does foreign aid spending yield a justifiable return on investment? Please share in the comments and check out the infographic below to learn more.
Source: FinanceDegreeCenter.com
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