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Destinations Where Tourists Outnumber Locals
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Destinations Where Tourists Outnumber Locals
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Microstates and small territories dominate the list, with Andorra averaging over 52 tourists per resident and Macao at 24.
Tourism brings economic benefits but can also spark local concerns over overdependence and lifestyle impacts.
The data for this map comes from UN Tourism. It compares the number of annual tourist arrivals with resident population, producing a “tourists per resident” measure. This ratio is a useful lens for understanding the intensity of tourism pressure on a destination.
Malta, for example, welcomes 3.56 million visitors per year, over six times its population.
Worth noting that our map excludes the Vatican, the world’s smallest sovereign nation, which has around 800 residents but can receive over 6 million visitors per year—equivalent to roughly 7,500 tourists per resident.
Microstates Lead the Rankings
Andorra tops the list with more than 52 tourists per resident each year, followed by Macao at 24. These microstates have limited populations but high visitor appeal, from Andorra’s ski resorts to Macao’s casinos.
CountryTourist Arrivals (millions)Population (thousands)Tourists per Resident
Andorra4.178052.13
Macao SAR16.468024.12
Turks & Caicos0.734018.25
Aruba1.4211012.91
British Virgin Islands0.313010.33
Cook Islands0.17208.5
Malta3.565206.85
Cayman Islands0.44706.29
N. Mariana Islands0.23504.6
Bahamas1.874104.56
Guam0.741704.35
Albania11.2928004.03
Montenegro2.456203.95
Maldives2.055203.94
Bahrain6.6217803.72
Austria32.290003.58
Seychelles0.351003.5
Greece35.95104003.46
Cyprus4.0412003.37
Island Economies Depend on Visitors
Places like Turks and Caicos, Aruba, and the British Virgin Islands each see more than 10 tourists for every local resident. Their economies rely on hospitality, cruise arrivals, and luxury travel. This dependency, however, means global shocks—like pandemics or hurricanes—can have outsized impacts.
Tourism Pressure on Larger Nations
Even mid-sized countries like Austria and Greece see tourist ratios above 3 per resident. Albania, with 11.29 million visitors, stands out as the only large-population country in the top rankings for tourists per resident.
Learn More on the Voronoi App
If you enjoyed today’s post, check out The 25 Richest Countries in the World (Depending on What’s Measured) on Voronoi, the new app from Visual Capitalist.
Ranked: U.S. Cities With the Highest Cost of Living
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Ranked: U.S. Cities With the Highest Cost of Living
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
New York City is the most expensive place to live in America.
Ranking in second is San Francisco, where prices are about 15% cheaper than in the Big Apple.
The cost of living can vary dramatically in America, and for people relocating or comparing expenses, these differences matter.
This infographic ranks the top 20 U.S. cities with the highest cost of living in 2025, based on data from Numbeo.
New York City Sets the Benchmark
How do living costs actually compare across America?
With New York City as the baseline (index = 100), the table below show how expensive major cities are relative to the nation’s priciest metro. It ranks U.S. cities based on the average prices for groceries, transportation, dining, utilities, and rent as of mid-year 2025.
RankCityCost of Living Plus Rent Index
1New York, NY100
2San Francisco, CA85.3
3Boston, MA81.2
4San Jose, CA80.4
5Honolulu, HI78.5
6Washington, DC78.1
7Seattle, WA75.1
8San Diego, CA73.5
9Miami, FL71.7
10Los Angeles, CA70.6
11Chicago, IL64.6
12Sacramento, CA63.2
13Denver, CO62.4
14Nashville, TN60.4
15Philadelphia, PA59.6
16Portland, OR59.5
17Tampa, FL59.2
18Charlotte, NC57.8
19New Orleans, LA57.7
20Dallas, TX57.5
New York City tops the list, home to the highest number of millionaires in the world.
The city is often used as a global cost-of-living benchmark due to its high concentration of amenities, wages, and housing demand. For perspective, renting a one-bedroom in central New York City costs an average of $4,107 in 2025. Meanwhile, average living expenses for a single person add another $1,700 monthly.
San Francisco ranks second at 85.3, driven by tech-sector wages and high housing demand. San Jose (80.4) and San Diego (73.5) also reflect the premium cost of living near Silicon Valley and along the Pacific coast.
By contrast, Dallas and New Orleans offer significantly lower living costs, with daily expenses more than 40% lower than in New York City.
Learn More on the Voronoi App
If you enjoyed today’s post, check out the graphic on the cost of the American dream on Voronoi, the new app from Visual Capitalist.
Ranked: States Where Americans Are Struggling the Most Financially
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Ranked: Where Americans Are Struggling the Most Financially
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Southern states dominate the list of places where Americans are in the most financial distress.
Texas, Florida, and Louisiana rank highest due to high distress rates and rising bankruptcy filings.
Americans across the country are facing increasing financial pressure. This visualization ranks all 50 U.S. states by a composite score of financial distress indicators. The data includes number of accounts in distress, bankruptcy trends, and even online search behavior for debt-related terms between March 2024 and March 2025.
The data for this visualization comes from WalletHub.
The South Leads in Financial Struggles
Texas tops the list as the most financially distressed state, followed by Florida, Louisiana, Nevada, and South Carolina. These states consistently rank poorly across multiple indicators, particularly in the number and average count of distressed accounts.
RankStatePeople with Accounts in DistressAvg # of Accounts in DistressChange in Bankruptcy Filings (2025 vs. 2024)“Debt” Search Interest Index“Loans” Search Interest Index
1Texas876135
2Florida1253225
3Louisiana7131222
4Nevada91315118
5S. Carolina2434225
6Oklahoma16192863
7N. Carolina48203220
8Mississippi141535461
9Kentucky33432710
10Alabama101738274
11Arizona262514616
12California5684247
13Georgia61048168
14Delaware1823162212
15Indiana283327120
16Ohio2926181012
17Tennessee1116412212
18Virginia212133325
19New York272937410
20Arkansas1214451612
21Colorado403732734
22Iowa1911133823
23Idaho464141628
24Connecticut155194545
25Missouri172246137
26Kansas2218362216
27N. Hampshire242824045
28Minnesota322792734
29Montana4135261132
30Massachusetts2012104247
31Utah353221928
32Pennsylvania3034242723
33Nebraska139424238
34North Dakota474540219
35Wyoming494811622
36Washington444971341
37Illinois3931301632
38S. Dakota232050430
39Rhode Island484714037
40Michigan4542391618
41Wisconsin3639223625
42Maryland3336293241
43Maine3444123841
44New Jersey3130323644
45West Virginia2524443238
46New Mexico3843174930
47Oregon3746234738
48Alaska4338491634
49Vermont5050254849
50Hawaii4240475050
Texas, for example, ranks 8th for the number of people in distress and 7th for the average number of distressed accounts. Louisiana ranks 1st in average accounts in distress.
Western and Northeastern States Fare Better
In contrast, many northern and western states rank near the bottom of the distress scale. Hawaii, Vermont, Alaska, and Oregon round out the bottom five, indicating less financial stress overall.
These states tend to show lower bankruptcy increases, fewer accounts in distress, and less debt-related search interest. Notably, Vermont ranks last in the number of people and accounts in distress.
Averaging a distress rank of 32.95, Republican-leaning states are experiencing significantly more financial hardship than Democrat-leaning states, which average a much lower rank of 20.94.
Learn More on the Voronoi App
If you enjoyed today’s post, check out Mapped: The Income Needed to Join the Top 1% in Every U.S. State on Voronoi, the new app from Visual Capitalist.
Charted: Global EV Adoption (2019 vs. 2025)
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Visualizing Global EV Adoption
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Electrified vehicles now make up 43% of global auto sales as of Q1 2025, up from just 9% in 2019.
China accounts for more than half of global BEV sales, with Europe and the U.S. trailing behind.
The global auto market is undergoing its fastest transformation in a century. What was once dominated almost entirely by combustion engines is now rapidly tilting toward electrified vehicles. This chart visualizes how global market shares for internal combustion, hybrid, and electric vehicles have shifted over the last six years.
The data for this visualization comes from JATO. It highlights how quickly consumers worldwide are moving toward electric and hybrid vehicles. In Q1 2025, electrified vehicles (battery electric, plug-in hybrid, and hybrid combined) made up 43% of total auto sales, compared to just 9% in 2019.
The Collapse of Combustion Engines
In 2019, traditional combustion engines represented more than 90% of new vehicle sales worldwide. By 2025, that share has fallen to just 57%. This sharp decline reflects tighter emissions regulations, corporate commitments to phase out gasoline models, and consumer demand for cleaner alternatives.
YearCombustion EngineHybridBattery ElectricPlug-in HybridOthers
201991.2%5.9%1.9%0.7%0.3%
2025 (Q1)56.7%21.1%15.7%6.1%0.4%
China Leads the EV Charge
China is the undisputed leader in EV adoption. In Q1 2025, it accounted for 57% of global BEV registrations. The country’s scale, government incentives, and dominance in battery manufacturing have accelerated its lead. Europe follows with 22% of BEV sales, while the U.S. makes up 12%.
Hybrids as a Transition Technology
While full battery electric vehicles (BEVs) capture headlines, hybrids are playing a critical role in the transition. In 2025, hybrids make up 21% of sales globally, up from just 6% in 2019. For many consumers, hybrids offer a practical middle ground—familiar combustion range with partial electrification benefits.
Learn More on the Voronoi App
If you enjoyed today’s post, check out Global Vehicle Production in 2024 on Voronoi, the new app from Visual Capitalist.
Retirement Savings: Reaching the ‘Magic Number’
Published 3 hours ago on August 20, 2025
By Alan Kennedy
Article & Editing
Jenna Ross
Graphics & Design
Athul Alexander
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The following content is sponsored by Empower
Retirement savings: Reaching the ‘magic number’
Key Takeaways
On average, Americans believe they will need nearly $1.1 million to retire.
Americans expect to have only a quarter of the retirement savings they will need before they reach retirement age.
Many Americans would like their employer to automatically enroll them in workplace retirement plans.
While retirement savings may feel like a moving target, getting clear on the right number can be a powerful first step toward long-term security. For many, the so-called ‘magic number’ isn’t just a financial goal—it’s the amount they believe will cover rising living costs, unpredictable healthcare expenses, and hopefully, a little travel or leisure along the way.
This graphic, in partnership with Empower, looks at the retirement targets Americans are setting, and how close they are to reaching them.
What is the ‘magic number’?
The amount Americans believe they need to save in order to retire somewhat varies based on where they live.
RegionRetirement savings target
West$1.2M
South$1.1M
Northeast$900K
Midwest$860K
On average, Americans believe they need almost $1.1 million in order to retire. However, people who live in western states like California, where the cost of living is higher, believe they will need more money.
Expectations vs. targets for retirement savings
Unfortunately, many Americans don’t expect to reach their savings goals before they retire.
GenerationNeeded retirement savingsExpected retirement savings
Gen Z$1.1M$280K
Millennials$1.2M$260K
Gen X$1.2M$250K
Boomers$900K$240K
On average, Americans expect to have only a quarter of the retirement savings they will need by the time they hit retirement age. Gen X anticipates being the furthest from their goal.
Bridging the retirement savings gap
To help them get closer to their required retirement savings, many Americans want their employers to automatically enroll them in workplace retirement plans.
Generation% who prefer automatic enrollment in employer retirement savings plan
Gen Z29%
Millennials45%
Gen X45%
Boomers46%
Undoubtedly, many Americans consider employer plans a cornerstone of their retirement planning.
Nearly one-third say they would not have started saving for retirement if it weren’t for their employer’s plan. These plans also have the potential to boost how much people save, with 35% of Americans saying they contribute enough to their 401(k) get the full employer match.
By taking advantage of employer plans, and saving as early and as much as possible, Americans can be better prepared for retirement.
For wealth-building tips and the week’s financial headlines, check out Empower’s newsletter The Currency.
Source: Empower’s ‘Magic Number’ study, based on online survey responses from 1,097 Americans ages 18+. YouGov fielded the survey from August 6-7, 2024, and weighted it to be nationally representative of U.S. adults.
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Ranked: The Companies Who Own the Most Bitcoin in 2025
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Who Owns the Most Bitcoin in 2025? Top Companies Ranked
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Strategy (formerly MicroStrategy) is the world’s largest corporate holder of Bitcoin, with a portfolio worth over $70 billion.
More and more companies are adopting the strategy of investing in Bitcoin.
Bitcoin’s adoption story is shifting from retail investors to major corporations.
Today, a growing number of companies are holding billions of dollars’ worth of Bitcoin on their balance sheets, which they view as a hedge against inflation and currency devaluation.
In this infographic, we find out which companies own the most Bitcoin, as of July 31, 2025.
Data & Discussion
The data for this visualization comes from BitcoinTreasuries.net. It tracks publicly reported Bitcoin holdings by corporations worldwide, offering a snapshot of how deeply businesses are exposed to the world’s leading cryptocurrency.
Bitcoin holdings are as of July 31, 2025, and value is based on a BTC price of $118,454 USD.
CompanyBitcoin HoldingsValue (USD)
Strategy (formerly MicroStrategy)628,791$74,482,809,114
MARA Holdings50,000$5,922,700,000
XXI43,514$5,154,407,356
Bitcoin Standard Treasury Company30,021$3,556,107,534
Trump Media & Technology Group19,225$2,277,278,150
Riot Platforms18,430$2,183,107,220
Metaplanet17,132$2,029,353,928
Galaxy Digital Holdings12,830$1,519,764,820
Other public companies134,870$15,975,890,980
MicroStrategy Changes its Strategy
Strategy (formerly MicroStrategy) is in a league of its own. With nearly 629,000 Bitcoin worth over $70 billion, it holds more than all other public companies combined.
Since first buying in 2020, Strategy has consistently doubled down on its Bitcoin strategy, turning itself into a proxy for Bitcoin exposure in public markets.
In early 2025, the company rebranded with a new stylized “B” logo and orange color scheme, signaling its evolution from a software provider into the world’s largest Bitcoin treasury company.
Since the last time we covered this topic in early 2024, Strategy has grown its portfolio by 454,261 Bitcoin.
Other Major Bitcoin Treasuries
After Strategy, the next largest holders are MARA Holdings (50,000 BTC, $5.9B) and XXI (43,514 BTC, $5.2B). Both are large-scale Bitcoin miners and investors, underscoring how deeply the mining industry is intertwined with Bitcoin accumulation.
In fifth place is Trump Media & Technology Group (TMTG), which has committed $2 billion of its liquid holdings to Bitcoin and Bitcoin-related securities. The company has also filed to launch several crypto ETFs that invest in Bitcoin and other digital assets.
Learn More on the Voronoi App
If you enjoyed today’s post, check out Bitcoin’s Total Market Share on Voronoi, the new app from Visual Capitalist.
Charted: Global Crude Oil Trade Flows in 2024
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Global Crude Oil Trade Flows in 2024
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
China imported 11.1 million barrels of crude oil per day in 2024, with Russia standing as its largest supplier of oil.
Meanwhile, the U.S. imported 6.6 million barrels per day (mb/d), with Canada accounting for 62% of the total.
In 2024, global oil trade patterns continued to evolve, shaped by geopolitics and changing regional demand.
From Asia to the Middle East and the Americas, oil remains a cornerstone of the global economy. The vast scale of daily trade underscores not only the world’s reliance on energy but also intricate, global alliances.
This infographic shows the largest crude oil importers and exporters by daily volume, based on data from the Energy Institute.
China Leads in Global Oil Imports
Below, we show daily oil import and export volumes for major global players:
Country / RegionTotal ImportsThousand b/dTotal Exports Thousand b/d
China11,09718
Europe9,281249
US6,5893,971
Other Asia Pacific6,073417
India4,7791
Japan2,3022
Singapore871< 0.5
Canada5044,393
South & Central America4163,686
Other Middle East4103,276
Other Commonwealth of Independent States3231,814
Africa3064,805
Saudi Arabia1566,420
Kuwait1561,203
UAE1073,658
Russia14,868
Mexico< 0.5835
Iraq< 0.53,597
China remains the world’s top oil importer, bringing in 11.1 million barrels per day in 2024.
Despite efforts to diversify energy sources, China remains highly reliant on foreign oil, with Russia now its primary supplier. In 2024, China and India were the largest buyers of Russian crude oil, resulting in 81% of Russia’s oil imports.
Europe followed with 9.3 million barrels per day, reflecting its continued dependency on imports despite increased renewable adoption. While Europe has been cutting its imports of Russian oil given the war in Ukraine, it stood as the third-largest importer, at 12% of Russia’s exports.
As we can see, the U.S. was the third-largest importer with 6.6 million barrels per day—though this is counterbalanced by its strong export volume driven by record shale production in 2024.
Learn More on the Voronoi App
If you enjoyed today’s post, check out this graphic on the countries with the largest proven oil reserves on Voronoi, the new app from Visual Capitalist.
Charted: Video Game Industry Revenue in the U.S. (2002-2024)
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Charted: Video Game Industry Revenue in the U.S. Over Time
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
U.S. gaming sales hit $59.3 billion in 2024, with 87% ($51.3B) coming from the games (software) themselves.
The PS4, Xbox One, and Nintendo Switch generation saw game revenues more than double in the span of a decade, but since 2019 sales have shown little growth.
The U.S. video game industry has transformed dramatically over the past two decades, growing into a cultural and economic powerhouse.
This visualization charts the U.S. video game industry’s annual revenue from 2002 through 2024 (figures not adjusted for inflation) using data from the Entertainment Software Association.
Video Game Revenue Over Time
The data table below shows the annual revenue of the video game industry from 2002 to 2024, which includes the combined sales of video game software, hardware, and accessories in the United States. Note that these are nominal sales and are not adjusted for inflation.
YearU.S. Video game industry revenue
2002$11.7B
2003$11.2B
2004$11.0B
2005$11.4B
2006$13.3B
2007$18.6B
2008$21.6B
2009$20.2B
2010$26.2B
2011$25.4B
2012$24.8B
2013$26.3B
2014$28.4B
2015$30.2B
2016$30.0B
2017$36.3B
2018$42.7B
2019$44.9B
2020$57.7B
2021$61.2B
2022$57.4B
2023$59.5B
2024$59.3B
In the early 2000s, annual revenues hovered around $11 billion, but the rise of online gaming, mobile platforms, and digital distribution fueled a surge in consumer spending.
The arrival of the Xbox 360, PlayStation 3, and Nintendo Wii in the mid-2000s ushered in a wave of consumer excitement and broader adoption.
Annual video game revenue rose from $13.3 billion in 2006 to $21.4 billion in 2008, driven by blockbuster franchise starters like Gears of War, Assassin’s Creed, and Mass Effect, along with the first true online console ecosystems.
Video Game Revenues Double in the 2010s
The launch of the PlayStation 4 and Xbox One in 2013, along with the explosion of mobile gaming, drove industry revenue past $30 billion by 2014.
By 2018, sales had more than doubled compared to the early 2010s, topping $43 billion, and the introduction of the Nintendo Switch in 2017 provided another boost, attracting both casual and core gamers.
The pandemic years of 2020 and 2021 set revenue records, peaking at $61.2 billion in 2021 as lockdowns drove demand for digital entertainment. Since then, despite the launch of new consoles like the PS5 and Xbox Series X/S, annual sales have largely plateaued around $59 billion.
While the recent strong launch of the Nintendo Switch 2 could usher a new wave of sales, it’s uncertain if the U.S. video game industry will see another surge similar to the 2010s.
Learn More on the Voronoi App
To learn more about the video game industry, check out this visualization of video game revenue by country on Voronoi, the new app from Visual Capitalist.
Charting How U.S. Tariffs Will Hit Key Products
Published 5 hours ago on August 19, 2025
By Julia Wendling
Graphics & Design
Jennifer West
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The following content is sponsored by Hinrich Foundation
Charting How U.S. Tariffs Will Hit Key Products
U.S. tariffs have climbed to an average rate of 18.6%—the highest since 1933. But what does this mean for everyday consumers?
This visualization, developed in collaboration with the Hinrich Foundation, highlights major goods expected to face sustained price increases due to rising tariffs. Based on data from the Yale Budget Lab, it explores both short-term shocks and longer-term inflationary effects.
Tariffs & Inflation
Tariffs drive inflation by raising the cost of imported goods, pushing prices higher for both consumers and businesses that rely on them. In the short run, companies often pass these increased input costs directly onto consumers, creating immediate price spikes.
Over time, the effects compound: with less competition from foreign producers, domestic firms may raise prices as well. Retaliatory tariffs and global supply chain disruptions can further intensify these inflationary pressures.
Short-Term Price Hikes
Tariffs currently affect a wide range of countries and goods. As a result, short-term price increases are expected across numerous sectors. These spikes are most pronounced early on, as businesses have limited time or flexibility to pivot to alternative sources. In the longer term, they can adjust whether by sourcing domestically or eliminating certain inputs altogether.
Among the hardest-hit categories are primary goods like metals, which are projected to rise by 41.0%, and crops, expected to climb by 31.5%. Consumer goods will also be significantly affected: clothing prices could jump 36.6%, electronics 17.0%, and motor vehicles 12.4%.
ProductShort-Run (% change from baseline)Long-Run (% change from baseline)
Metals41.017.3
Clothing36.618.0
Crops31.515.1
Electrical equipment26.412.5
Computers/electronics17.07.7
Motor vehicles/parts12.49.4
Machinery14.28.5
Transport equipment10.86.4
Manufactured goods11.05.8
Fishing10.26.3
Industrial products won’t be spared either. Electrical equipment is expected to see a 26.4% increase, followed by machinery (14.2%), transport equipment (10.8%), and other manufactured goods (11.0%). With these goods playing a central role in essentials such as food, transportation, and electronics, the impact on both consumers and businesses will be tangible.
Long-Term Price Hike Persistence
Even after markets adjust and producers shift to cheaper alternatives, the price hikes are expected to persist. For every major product category, long-term increases range from approximately 6% to 20%.
Metals (17.3%) and crops (15.1%) remain among the top long-run inflation drivers. Clothing (18.0%), electrical equipment (12.5%), and electronics (7.7%) are also set to remain significantly more expensive.
Industrial categories like machinery (8.5%), transport equipment (6.4%), and manufactured goods (5.8%) will continue to see elevated prices, and motor vehicles are projected to be 9.4% costlier in the long term.
Inflation: Higher for Longer
These persistent price hikes mean that both consumers and businesses will continue to bear the financial burden of elevated costs. Over time, this could dampen consumer spending, strain profit margins, and slow broader economic growth.
Visit the Hinrich Foundation to learn more about the war on global trade.
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Charting How U.S. Tariffs Will Hit Key Products
Published 2 days ago on August 19, 2025
By Julia Wendling
Graphics & Design
Jennifer West
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The following content is sponsored by Hinrich Foundation
Charting How U.S. Tariffs Will Hit Key Products
U.S. tariffs have climbed to an average rate of 18.6%—the highest since 1933. But what does this mean for everyday consumers?
This visualization, developed in collaboration with the Hinrich Foundation, highlights major goods expected to face sustained price increases due to rising tariffs. Based on data from the Yale Budget Lab, it explores both short-term shocks and longer-term inflationary effects.
Tariffs & Inflation
Tariffs drive inflation by raising the cost of imported goods, pushing prices higher for both consumers and businesses that rely on them. In the short run, companies often pass these increased input costs directly onto consumers, creating immediate price spikes.
Over time, the effects compound: with less competition from foreign producers, domestic firms may raise prices as well. Retaliatory tariffs and global supply chain disruptions can further intensify these inflationary pressures.
Short-Term Price Hikes
Tariffs currently affect a wide range of countries and goods. As a result, short-term price increases are expected across numerous sectors. These spikes are most pronounced early on, as businesses have limited time or flexibility to pivot to alternative sources. In the longer term, they can adjust whether by sourcing domestically or eliminating certain inputs altogether.
Among the hardest-hit categories are primary goods like metals, which are projected to rise by 41.0%, and crops, expected to climb by 31.5%. Consumer goods will also be significantly affected: clothing prices could jump 36.6%, electronics 17.0%, and motor vehicles 12.4%.
ProductShort-Run (% change from baseline)Long-Run (% change from baseline)
Metals41.017.3
Clothing36.618.0
Crops31.515.1
Electrical equipment26.412.5
Computers/electronics17.07.7
Motor vehicles/parts12.49.4
Machinery14.28.5
Transport equipment10.86.4
Manufactured goods11.05.8
Fishing10.26.3
Industrial products won’t be spared either. Electrical equipment is expected to see a 26.4% increase, followed by machinery (14.2%), transport equipment (10.8%), and other manufactured goods (11.0%). With these goods playing a central role in essentials such as food, transportation, and electronics, the impact on both consumers and businesses will be tangible.
Long-Term Price Hike Persistence
Even after markets adjust and producers shift to cheaper alternatives, the price hikes are expected to persist. For every major product category, long-term increases range from approximately 6% to 20%.
Metals (17.3%) and crops (15.1%) remain among the top long-run inflation drivers. Clothing (18.0%), electrical equipment (12.5%), and electronics (7.7%) are also set to remain significantly more expensive.
Industrial categories like machinery (8.5%), transport equipment (6.4%), and manufactured goods (5.8%) will continue to see elevated prices, and motor vehicles are projected to be 9.4% costlier in the long term.
Inflation: Higher for Longer
These persistent price hikes mean that both consumers and businesses will continue to bear the financial burden of elevated costs. Over time, this could dampen consumer spending, strain profit margins, and slow broader economic growth.
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Will AI Replace Jobs? Survey Results from 21 Countries
See this visualization first on the Voronoi app.
Use This Visualization
Will AI Replace Jobs? Survey Results from 21 Countries
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
India, Pakistan, and Indonesia show the highest combined “yes” responses.
Globally, most respondents (54%) expected their job to probably or definitely be replaced by a computer or machine in the next decade.
Will AI replace your job within the next decade?
As artificial intelligence becomes more prevalent around the world, regional differences in how workers perceive the risk of automation are emerging.
While some countries show more confidence in job security, others anticipate widespread disruption from AI. This infographic compares levels of certainty, from “definitely yes” to “definitely no.”
Data & Discussion
The data for this visualization comes from Global Public Opinion on Artificial Intelligence (GPO-AI). It captures how people from 21 different countries (over 1,000 people each) perceive the likelihood that their job will be replaced by a computer or machine within the next 10 years.
CountryDefinitely
yesProbably
yesProbably
noDefinitely
no
India3639178
Pakistan3141189
South Africa23382414
Mexico21442113
Kenya20462211
Chile20442016
U.S.18302824
Indonesia1660168
Global15392718
Brazil14432914
Argentina14412718
China13572010
Spain11383021
Italy11372923
Australia10293130
Germany10243234
Portugal9393517
Canada9273430
U.K.8303330
Poland8313626
France7413518
Japan5383918
High Belief in Emerging Economies
India, Pakistan, and Indonesia stand out with the highest combined “yes” responses. In India, 75% of respondents believed their jobs would probably or definitely be replaced. Pakistan followed closely at 72%, while Indonesia saw 76% agreement.
These numbers suggest that in rapidly growing economies, where technology adoption is accelerating, workers are more alert to the risks of automation. Emerging economies may also have a higher share of jobs that involve routine or low-skilled labor, making them more susceptible to automation.
In a recent study titled Skill-Based Labor Market Polarization in the Age of AI: A Comparative Analysis of India and the United States, it was found that India’s labor market reveals a “double vulnerability”, meaning employment is concentrated in low-skill roles that also have high automation risk.
Mixed Expectations in Developed Nations
By contrast, countries such as Germany, Japan, and Canada show more skepticism. In Germany, only 34% thought replacement was likely, while 66% leaned toward “no.” Japan showed the lowest certainty, with just 5% saying “definitely yes.”
These responses may reflect stronger job protections, slower automation uptake, or greater trust in existing labor systems. Other research has suggested that jobs requiring human-to-human interaction are the safest from AI automation.
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The World’s Most Valuable Unicorn Companies in 2025
See this visualization first on the Voronoi app.
The World’s Most Valuable Unicorn Companies in 2025
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
With a $350 billion valuation, SpaceX ranks first globally, driven by partnerships with NASA and Starlink’s expanding global footprint.
OpenAI’s valuation has grown by more than tenfold since 2023, reaching $300 billion.
TikTok-parent ByteDance follows next, worth $220 billion with approximately two billion users globally.
Unicorn companies are making a comeback fueled by the generative AI frenzy.
While startup funding experienced a lull after the 2021 bonanza, private companies are now seeing a flood of investment, particularly in AI-driven firms like OpenAI. At the same time, countries such as India and the UK are producing firms with sky-high valuations, reflecting an increasingly global unicorn landscape.
This graphic shows the most valuable unicorn companies in 2025, based on data from Crunchbase.
Ranked: The Top 30 Biggest Unicorn Companies
Below, we show the world’s top 30 unicorns by valuation as of July 4, 2025:
RankCompanyValuation (B)Country
1SpaceX$350 United States
2OpenAI$300 United States
3ByteDance$220 China
4Ant Group$150 China
5Reliance Retail$100 India
6xAI$70 United States
7Shein$66 China
8Stripe$65 United States
9Databricks$62 United States
10Anthropic$62 United States
11Reliance Jio$58 India
12Revolut$45 United Kingdom
13Waymo$45 United States
14Checkout.com$40 United Kingdom
15JUUL$38 United States
16Canva$32 Australia
17Safe Superintelligence$32 United States
18Fanatics$31 United States
19Anduril Industries$31 United States
20Cruise$30 United States
21Alibaba Bendi Shenghuo Fuwu Gongsi$30 China
22Scale AI$29 United States
23Yangtze Memory Technologies$23 China
24Epic Games$23 United States
25BYJU'S$22 India
26Envision Group$21 China
27J&T Express$20 Indonesia
28FNZ$20 United Kingdom
29ChangXin Memory Technologies$19 China
30JD Digits$18 China
Texas-based SpaceX is expected to see $15.5 billion in revenue in 2025, according to a founder Elon Musk.
Driving the majority of revenue is its satellite business Starlink, which includes clients such as United Airlines, Deere, and the U.S. government. This year, Starlink is estimated to bring in $12.3 billion in revenue while NASA is set to drive $1.1 billion in space exploration contracts.
OpenAI ranks second globally with a $300 billion valuation. So far in 2025, it has reportedly doubled its annualized revenue to $12 billion, driven by its global user base of 700 million weekly active users.
With a $220 billion valuation, TikTok-parent ByteDance follows next. This year, the company expects revenue to grow 20% to $186 billion, hovering close to Meta’s projected $187 billion revenue estimates in 2025.
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To learn more about this topic from a global perspective, check out this graphic on the world’s fastest growing jobs by 2030.
Visualizing Africa’s Battery Storage Pipeline
See this visualization first on the Voronoi app.
Visualizing Africa’s Battery Storage Pipeline
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Battery Energy Storage Systems (BESS) store electricity to stabilize the power grid and provide backup power.
South Africa dominates Africa’s planned battery storage capacity.
Nearly 600 million people in Africa lack access to electricity, and the continent’s population is projected to double between 2050 and 2070. This growing demand underscores the urgent need for scalable, reliable energy solutions.
As Africa transforms its power infrastructure, utility-scale batteries such as Battery Energy Storage Systems (BESS) are becoming essential. These technologies help stabilize energy supply, manage the intermittency of renewables, and support off-grid systems critical to expanding access.
This visualization highlights the continent’s battery storage pipeline, including projects that are operational, under construction, or in planning. It reveals both leading players and emerging markets in Africa’s energy storage landscape.
The data for this visualization comes from Rho Motion. It captures utility-scale battery storage projects across Africa as of June 2025, with projections through 2030.
South Africa Leads by a Wide Margin
With a total proposed capacity of 11 GWh, South Africa is far ahead of other African countries in deploying battery storage. Its pipeline includes 4 operational systems, 7 under construction, and 19 more in development.
Egypt and Morocco represent the next wave of battery storage growth, with 3 GWh in proposed capacity each. Both nations are investing in solar and wind infrastructure, and storage helps smooth their integration into national grids. Egypt already has projects operational and under construction, showing more near-term readiness.
CountryOperationalUnder ConstructionPipelineTotal
South Africa471930
Egypt1157
Morocco0044
Senegal0123
Nigeria1023
Mauritius1012
Malawi1012
Togo0011
Ghana0011
DR Congo0011
Botswana0011
Angola0011
Other100818
Meanwhile, countries like Nigeria, Senegal, Ghana, and the Democratic Republic of the Congo have smaller but notable footprints. Most have total storage pipelines under 3 GWh, with smaller-scale projects crucial for powering remote communities and testing new energy business models across Africa.
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Boeing 737: American Made but Globally Sourced
See this visualization first on the Voronoi app.
View the full-sized graphic
Boeing 737: American Made but Globally Sourced
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Although Boeing assembles the 737 in the U.S., its components are sourced from over 20 countries across six continents.
Critical systems like avionics, engines, and landing gear rely heavily on suppliers in Europe and Asia.
Rising tariffs or protectionist policies could significantly disrupt Boeing’s finely tuned global supply chain.
The Boeing 737 is often seen as a symbol of American aerospace excellence. But peel back the fuselage and you’ll discover a much more intricate story—one of international collaboration, supply chain complexity, and global interdependence.
The aircraft’s thousands of components are sourced from at least two dozen countries and multiple continents. While Boeing leads final assembly in the United States, the company relies on global partners to provide specialized parts ranging from titanium forgings in Italy to cabin seating in Japan.
This global sourcing strategy, visualized by Julie Peasley and based on data from Air Framer, demonstrates the immense complexity of modern aircraft manufacturing.
Here’s a breakdown of key parts in the Boeing 737 and their country of origin:
CountryAircraft component for Boeing 737
AustraliaWing ailerons
AustriaBlended winglets and split winglets
BelgiumEngine compressors, oil tank, pump, filter, and valve
BelgiumFlap/slat mechanisms
CanadaCommunication antennas
CanadaAirborne communication systems
CanadaWing tip panels
CanadaWheel well fairings
CanadaAircraft doors
CanadaCabin curtains
CanadaPower transmission torque tube drives
CanadaInner barrel for engine nacelle inlet
CanadaNose landing gear assemblies (titanium components)
CanadaElectromagnetic indicators and annunciators
CanadaWinglet and wing components
ChinaForward entry door
ChinaRudder
ChinaFlight deck panels
ChinaCarbon brake disks
ChinaInterior completion of cabin
ChinaVertical fin
ChinaAft fuselage section
ChinaAircraft landing gear
FranceWing assembly
FranceBearings
FranceInflight entertainment
FranceEngine electrical wire harnesses
FranceTitianium/aluminum structural components
FrancePiston rings
FranceThrust reversers
FranceAutothrottle system
FranceElectrical power contactor
FranceEngine hydromechanical fuel pumps
FranceWheels
FranceEmergency locator transmitter
FranceCockpit door surveillance cameras
FranceStructural bulkhead
FranceStandby flight display
FranceLimit and proximity switches
FranceFasteners
GermanyCorrosion protecting coatings
GermanyCabin exit signs
GermanyPassenger Seating
GermanyCabin galley and stowage bins
GermanyCargo sliding carpet system
GermanyWinglet lightning harness
GermanyCabin pressure control system
GermanyFuselage anti-collision lights
GermanyDoor locks and latches
GermanyIce protection equipment
GermanyWindow seals
GermanyForgings, castings and extrusions
IndiaVertical fin structures
IndiaWire harnesses
IndiaStrut assemblies
IsraelCargo and passenger doors
IsraelMetal parts and structures
IsraelWheel well panels
IsraelAluminum and steel for winglet
ItalyTitanium forgings
ItalyRotor blades and stator vane
JapanInboard flaps and flap segment
JapanPassenger Seating
JapanLavatory equipment
LatviaArm caps for economy class seats
MalaysiaAirframe saddle fairing
MoroccoWire harnesses
NetherlandsGalleys, closets, class dividers
NetherlandsElectrical wiring, wire harnesses, junction boxes
NetherlandsLaminates for various components
NorwayTurbine engine vanes and casings
RussiaTitanium
South AfricaVacuum-formed cockpit and cabin assemblies
South AfricaPrecision machined interior linings
South KoreaLower door skin, inner skin cover detail
South KoreaElectronic equipment door
South KoreaEmpennage (737 MAX)
South KoreaInterior bulkheads
South KoreaFlap support fairing and winglet
South KoreaRear wing spar and jackscrew
SpainFlight control surfaces
SpainRudder
SpainSheet metal bending and milling
SwedenEngine gearbox bearings
SwedenAC/humidity control
SwitzerlandAirborne vibration monitor
TaiwanMain landing gear door
TaiwanPressurized doors
TaiwanEngine case
TurkeyRear fuselage and tail surfaces
TurkeyFlight deck panels
TurkeyWing tips
TurkeyStructural components
TurkeyCabin cabinets
TurkeyEngine fan cowls
UKThrust reverser actuator
UKFlight control actuators
UKBlended winglets
UKWing flaps structural ribs and substructures
UKEngine sensors, and monitoring
UKNacelle inlet lip skins
UKCockpit voice recorder and flight data recorder
UKExtended range auxiliary fuel tank
UKCockpit indicators and switches
UKTires
UKElectrical static dischargers
UKAircrew seats and gear drives
UKAirborne communication antenna
UKEmergency lighting floorpath system
UKFlight deck entry video surveillance system
UKEmergency locator beacon
UKJet engine rings
UKAnti-spall windshields
UKPacking and filling material
Why Build a Jet Like This?
Commercial aircraft contain millions of precision parts, many made from exotic alloys or advanced composites. No single country holds all that know‑how. Russia’s VSMPO‑AVISMA, for instance, remains the world’s dominant source of aerospace‑grade titanium—a metal prized for its strength‑to‑weight ratio and corrosion resistance.
By tapping specialized suppliers, Boeing keeps costs competitive, earns reciprocal market access abroad, and balances political risk by spreading production across multiple jurisdictions.
Risks of Tariffs and Protectionism
However, this level of globalization exposes manufacturers to geopolitical and economic risks. According to Reuters, aerospace firms have lobbied hard to preserve tariff-free agreements between the U.S. and EU. Even temporary tariffs in past disputes have disrupted delivery schedules and increased costs.
Analysis from Harvard Business School points to rising protectionism as a major threat to supply chain stability. As governments reevaluate trade policies, the world’s major aircraft companies may be forced to rethink their international sourcing models—a costly and complex endeavor.
Learn More on the Voronoi App
Discover more insights about Boeing’s diversified business beyond commercial planes in this related post on Voronoi: Boeing’s Business Is Much More Than Just Commercial Planes.
Mapped: Real GDP Growth by State in Q1 2025
See this visualization first on the Voronoi app.
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Mapped: Real GDP Growth by State in Q1 2025
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
South Carolina (+1.7%) led the nation in real GDP growth, driven primarily by gains in real estate and rental and leasing.
Iowa and Nebraska saw the steepest declines (-6.1% each), largely due to downturns in agriculture along with forestry, fishing, and hunting.
Overall the U.S. economy contracted by 0.5%, with 39 states posting declines.
The first quarter of 2025 saw a challenging start for the U.S. economy. Nationally, real GDP contracted by 0.5%, marking a slowdown from the previous quarter’s modest growth.
Only 10 states posted positive economic growth, while the majority experienced declines across major industries. Sharp regional differences are noticeable with some areas buoyed by service-sector gains and others hit hard by downturns in agriculture and manufacturing.
The Bureau of Economic Analysis data highlights which states weathered early-2025’s economic turbulence and which were most negatively affected.
Southern States Show Resilience in Q1 GDP Growth
The Southeast region outperformed much of the country, with Florida (+1.4%), Alabama (+1.0%), and South Carolina (+1.7%) leading growth.
The data table below details quarterly changes in real GDP for all 50 states and the District of Columbia, measured at an annualized rate.
State/RegionReal GDP Change in Q1 2025
South Carolina1.7%
Florida1.4%
Alabama1.0%
Arkansas0.8%
North Carolina0.8%
Mississippi0.7%
Utah0.5%
Pennsylvania0.3%
Southeast region0.3%
Michigan0.2%
Georgia0.1%
Delaware0.0%
District of Columbia0.0%
New Hampshire-0.1%
Ohio-0.1%
Texas-0.1%
Rhode Island-0.2%
California-0.2%
Vermont-0.3%
Southwest region-0.3%
Far West region-0.3%
Hawaii-0.3%
Colorado-0.4%
Washington-0.4%
Mideast region-0.5%
Maryland-0.5%
Virginia-0.5%
Arizona-0.5%
Indiana-0.6%
Wisconsin-0.6%
Rocky Mountain region-0.6%
New York-0.7%
New England region-0.8%
Great Lakes region-0.8%
Connecticut-0.9%
Massachusetts-0.9%
New Jersey-1.0%
Kentucky-1.0%
Idaho-1.1%
Nevada-1.1%
Maine-1.2%
Tennessee-1.2%
Oregon-1.5%
Oklahoma-1.6%
North Dakota-1.7%
Louisiana-1.7%
Missouri-1.8%
Alaska-1.8%
New Mexico-2.1%
Illinois-2.2%
West Virginia-2.3%
Minnesota-2.4%
South Dakota-2.7%
Wyoming-3.1%
Plains region-3.3%
Kansas-3.3%
Montana-4.4%
Iowa-6.1%
Nebraska-6.1%
Gains were largely driven by real estate, rental, and leasing sectors, along with steady consumer spending.
South Carolina, in particular, saw the highest growth rate in the nation, continuing a trend of strong post-pandemic expansion in the state’s economy.
Agriculture-Heavy States See GDP Decline
The Plains region faced significant contraction, with Iowa and Nebraska each recording -6.1% GDP declines.
These steep drops were linked to downturns in agriculture, forestry, fishing, and hunting, which remain central to these states’ economies.
Drought conditions and weaker commodity prices may have amplified the slowdown. Montana (-4.4%) and Wyoming (-3.1%) also posted sharp declines.
Mixed Results in Manufacturing Hubs
Manufacturing-heavy states in the Great Lakes saw varied results. Michigan managed a slight increase (+0.2%) thanks to gains in auto production and related industries.
In contrast, Illinois (-2.2%) and Minnesota (-2.4%) saw contractions, reflecting weaker demand and supply chain adjustments.
Nationwide, goods-producing industries struggled compared to service-based sectors.
Learn More on the Voronoi App
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Late to the Ladder: The Rise in First-Time Home Buyers’ Age
Published 7 hours ago on August 18, 2025
By Jenna Ross
Graphics & Design
Amy Realey
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The following content is sponsored by Terzo
The Rising Age of First-Time Home Buyers
Key Takeaways
The median age of first-time home buyers has been rising over time.
In 2024, the median age hit 38, the oldest ever recorded.
Low housing supply, high costs, and savings struggles have all contributed to the slower start to home ownership.
Buying a home for the first time is a milestone many associate with adulthood. But for today’s first-time home buyers, that goal keeps slipping further into the future.
This Markets in a Minute graphic, created in partnership with Terzo, shows how the age at which people in the U.S. buy their first home has been climbing over time.
Later to the Property Ladder
Using data from the National Association of Realtors (NAR), we explore how the median age of first-time home buyers has changed from 2010 to 2024.
In 2010, the median age was 30, little changed from NAR’s first records of age 29 in 1981. However, the last 15 years have seen quite a shift.
YearMedian Age of First-Time Home Buyers
201030
201131
201231
201331
201431
201531
201632
201732
201832
201933
202033
202133
202236
202335
202438
Source: National Association of Realtors
By 2024, people buying homes are much older, hitting a record of 38. The share of first-time home buyers on the market also dropped from 32% to 24%.
Challenges for First-Time Home Buyers
Many are arriving late to the property ladder—and for good reason. The first few rungs have become harder to reach, or in some cases, feel entirely broken.
High home prices and elevated mortgage rates have made homes much less affordable, especially with limited housing inventory. Incomes also haven’t been keeping up with rising home costs, with the price-to-income ratio climbing from 3.5 in 1985 to 5.0 in 2025.
On top of this, many say high rent, student loans, credit card debt, and car loans are hurdles to saving for a down payment.
A New Financial Profile for Beginner Homeowners
Today’s first-time home buyers are climbing a ladder with steeper steps and fewer footholds. As a result, they tend to be older and wealthier before taking the first step.
The typical first-time buyer now earns around $97,000 annually, a jump of $26,000 since 2022. In some states, the income needed to buy a home is much higher—as high as $229,000 in Hawaii.
When it comes to a down payment, people buying homes for the first time put down 9% on average. While the bulk use savings for down payments, a quarter of newbie buyers used loans or gifts from friends and family.
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Ranked: The Most Cited Websites by AI Models
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Ranked: The Most Cited Websites by AI Models
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data‑driven charts from a variety of trusted sources.
Key Takeaways
According to an analysis by Semrush, LLMs like ChatGPT reference Reddit and Wikipedia the most for facts
For geographical data, LLMs frequently cite Mapbox and OpenStreetMap
Where do large-language models (LLMs) like ChatGPT go to source factual information?
In this infographic, we rank the most cited websites by AI, based on a June 2025 analysis of over 150,000 LLM citations. It reveals how heavily chatbots rely on user-generated content, raising questions about the blind spots of today’s top AI tools.
Data & Discussion
The data for this visualization comes from Semrush. It shows how frequently AI models cite different domains when providing information, as of June 2025.
RankDomainCitation frequency
1reddit.com40.1%
2wikipedia.org26.3%
3youtube.com23.5%
4google.com23.3%
5yelp.com21.0%
6facebook.com20.0%
7amazon.com18.7%
8tripadvisor.com12.5%
9mapbox.com11.3%
10openstreetmap.com11.3%
11instagram.com10.9%
12mapquest.com9.8%
13walmart.com9.3%
14ebay.com7.7%
15linkedin.com5.9%
16quora.com4.6%
17homedepot.com4.6%
18yahoo.com4.4%
19target.com4.3%
20pinterest.com4.2%
Risks of Relying on User‑Generated Content
Reddit leads the list with a citation frequency of 40.1%, followed by Wikipedia at 26.3%. This highlights how often LLMs lean on open-forum discussions and community-maintained content.
These domains offer a wealth of user-generated knowledge, but their open editing nature raises concerns about accuracy and bias. The high reliance signals that AI may amplify whatever narratives are most visible or popularly discussed—even if not always verified.
For example, users have reported that ChatGPT has suggested they purify their water with bleach, or even mix it with vinegar (this creates poisonous chlorine gas).
We summarize three major risks of relying on user-generated content below:
Misinformation and rumor propagation: Since content isn’t always moderated by domain experts, AI can inadvertently repeat incorrect or biased statements.
Echo-chamber amplification: Popular yet unverified narratives may get repeated if they gain traction, masking less visible but more accurate sources.
Lack of authority: Especially for consequential topics (health, law, finance), user‑generated sites lack the editorial oversight required for reliable guidance.
Learn More on the Voronoi App
If you enjoyed today’s post, check out How 21 Countries View Artificial Intelligence on Voronoi, the new app from Visual Capitalist.
Visualized: Every Country’s Richest Billionaire in 2025
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Visualized: Every Country’s Richest Billionaire in 2025
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
Elon Musk’s $342 billion net worth in the U.S. eclipses the combined wealth of the richest billionaires on whole continents like Africa.
Meanwhile, Bernard Arnault would be the next richest billionaire from another country, with only about half of Elon Musk’s fortune.
Not all billionaires are created equally.
And nothing showcases that better by lining up the richest billionaire in every country and seeing how the size of their already massive fortunes differ.
The data comes from Forbes, which estimated net worth as of March 7th, 2025.
Elon Musk: A Billionaire’s Billionaire
At $342 billion, Elon Musk’s fortune in the U.S. dwarfs all others.
CountryRegionRichest BillionaireNet Worth
U.S.North AmericaElon Musk$342.0B
MexicoNorth AmericaCarlos Slim Helu & family$82.5B
CanadaNorth AmericaChangpeng Zhao$62.9B
FranceEuropeBernard Arnault & family$178.0B
SpainEuropeAmancio Ortega$124.0B
AlbaniaEuropeSamir Mane$1.4B
AustriaEuropeMark Mateschitz$40.6B
BelgiumEuropeEric Wittouck$9.0B
BulgariaEuropeGeorgi Domuschiev$2.7B
BulgariaEuropeKiril Domuschiev$2.7B
CroatiaEuropeVasily Anisimov$2.1B
Czech RepublicEuropeRenata Kellnerova & family$18.2B
CyprusEuropeJohn Fredriksen$17.0B
DenmarkEuropeAnders Holch Povlsen$12.8B
EstoniaEuropeKristo Käärmann$2.3B
FinlandEuropeAntti Herlin$3.7B
GermanyEuropeDieter Schwarz$41.0B
GreeceEuropeMaria Angelicoussis$7.6B
GuernseyEuropeStephen Lansdown$3.0B
HungaryEuropeLorinc Meszaros$3.6B
IcelandEuropeThor Bjorgolfsson$1.0B
IrelandEuropeJohn Collison$10.1B
IrelandEuropePatrick Collison$10.1B
ItalyEuropeGiovanni Ferrero$38.2B
LiechtensteinEuropeChristoph Zeller$1.3B
LuxembourgEuropeMichael Gans & family$1.2B
MonacoEuropeStefano Pessina$6.0B
NetherlandsEuropeCharlene de Carvalho-Heineken & family$14.4B
NorwayEuropeTorstein Hagen$10.3B
PolandEuropeMichal Solowow$13.1B
PortugalEuropeMaria Fernanda Amorim & family$5.9B
RomaniaEuropeIon Stoica$2.5B
RomaniaEuropeMatei Zaharia$2.5B
RussiaEuropeVagit Alekperov$28.7B
SlovakiaEuropeJaroslav Hascak & family$2.0B
SwedenEuropeStefan Persson$18.6B
SwitzerlandEuropeGianluigi Aponte$37.7B
SwitzerlandEuropeRafaela Aponte-Diamant$37.7B
UkraineEuropeRinat Akhmetov$7.9B
UKEuropeMichael Platt$18.8B
IndiaAsiaMukesh Ambani$92.5B
ChinaAsiaZhang Yiming$65.5B
ArmeniaAsiaRuben Vardanyan & family$1.2B
GeorgiaAsiaMikhail Lomtadze$5.9B
Hong KongAsiaLi Ka-shing$38.9B
IndonesiaAsiaLow Tuck Kwong$27.3B
IsraelAsiaEyal Ofer$28.2B
JapanAsiaTadashi Yanai & family$45.1B
KazakhstanAsiaVyacheslav Kim$7.1B
LebanonAsiaNajib Mikati$3.1B
LebanonAsiaTaha Mikati$3.1B
MalaysiaAsiaRobert Kuok$12.1B
NepalAsiaBinod Chaudhary$2.0B
OmanAsiaP.N.C. Menon$3.4B
PhilippinesAsiaManuel Villar$17.2B
QatarAsiaHamad bin Jassim bin Jaber Al Thani$3.9B
Saudi ArabiaAsiaPrince Alwaleed Bin Talal Alsaud$16.5B
SingaporeAsiaGoh Cheng Liang$13.0B
South KoreaAsiaCho Jung-ho$8.4B
TaiwanAsiaBarry Lam$11.7B
ThailandAsiaDhanin Chearavanont$15.2B
TurkeyAsiaMurat Ulker$5.5B
United Arab EmiratesAsiaPavel Durov$17.1B
VietnamAsiaPham Nhat Vuong$6.5B
NigeriaAfricaAliko Dangote$23.9B
South AfricaAfricaJohann Rupert & family$14.0B
AlgeriaAfricaIssad Rebrab & family$3.0B
EgyptAfricaNassef Sawiris$9.6B
EswatiniAfricaNathan Kirsh$7.3B
MoroccoAfricaOthman Benjelloun & family$1.6B
MoroccoAfricaAnas Sefrioui & family$1.6B
TanzaniaAfricaMohammed Dewji$2.2B
ZimbabweAfricaStrive Masiyiwa$1.2B
BarbadosCentral AmericaRihanna$1.4B
BelizeCentral AmericaKenneth Dart$9.0B
St. Kitts and NevisCentral AmericaJustin Sun$8.5B
AustraliaOceaniaGina Rinehart$29.3B
New ZealandOceaniaGraeme Hart$9.3B
BrazilSouth AmericaEduardo Saverin$34.5B
ChileSouth AmericaIris Fontbona & family$28.1B
ArgentinaSouth AmericaMarcos Galperin$8.0B
ColombiaSouth AmericaJaime Gilinski Bacal$10.7B
ColombiaSouth AmericaDavid Velez & family$10.7B
PeruSouth AmericaEduardo Hochschild$2.4B
VenezuelaSouth AmericaJuan Carlos Escotet$7.4B
Note: This list is sorted by the richest two billionaires in each region, followed by country names alphabetically. The net worth labels are condensed to be readable, however they do not sort numerically.
His net worth is nearly double that of Bernard Arnault of France, the next-richest person from a different country at $178 billion.
In fact, Musk’s wealth surpasses the combined total of Africa’s richest billionaires, underscoring the vast concentration of wealth in tech-driven industries.
For further context, Musk trailed Arnault at around this time last year. A bumper year for Tesla stock has significantly grown Musk’s fortune.
It’s also worth remembering that Arnault is actually ranked fifth on the overall richest people list, with other Americans, Mark Zuckerberg, Jeff Bezos, and Larry Ellison all out-billionaire-ing him.
The Richest Billionaire in Every Continent
Asia’s richest man is India’s Mukesh Ambani, with $92.5 billion, fueled by his conglomerate Reliance Industries.
In Europe, the aforementioned Bernard Arnault leads, followed by Spain’s Amancio Ortega at $124 billion.
Brazil’s Eduardo Saverin (best-known as Facebook’s co-founder) is the richest in South America with $34.5 billion.
Meanwhile, in Africa, Nigeria’s Aliko Dangote tops the list with $23.9 billion, thanks largely to his cement empire.
Some countries feature surprising household names, like Rihanna in Barbados with $1.4 billion.
Others have lower-profile but highly influential figures, such as Pavel Durov in the UAE at $17.1 billion from his tech ventures.
Wealth Gaps Across Continents
While the disparity in general wealth ownership in stark, then the disparity between the richest individuals across countries is equally unfathomable.
Several billionaires hold under $2 billion in net worth, like Thor Bjorgolfsson of Iceland, while others surpass $100 billion.
This spread reflects differences in economic scale, market opportunities, and the role of industries in generating massive fortunes.
Interestingly, many of the top fortunes are concentrated in consumer goods, tech, and finance, pointing to sectors with the highest potential for wealth creation in the 21st century.
Learn More on the Voronoi App
If you enjoyed today’s post, check out China’s Richest Billionaires on Voronoi, the new app from Visual Capitalist.
Mapped: Renewable Electricity’s Share Across Europe
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Mapped: Renewable Electricity’s Share Across Europe
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Key Takeaways
The EU generates around 42% of its electricity from renewable sources
Albania and Norway are nearly 100% powered by renewables, followed by Denmark at 88.6%
Kosovo, Malta, and Moldova have the lowest share of renewables in electricity generation
Europe’s transition to clean energy is well underway, with renewables making up an increasing share of electricity generation in many countries.
However, within the European continent, the share of renewables in electricity generation varies widely from country to country, ranging from as high as 99% to less than 10% in some countries.
This graphic maps European countries by the share of their net electricity generation coming from renewable sources, using data from Eurostat. The figures include electricity generated from wind, solar, hydropower, geothermal, and biofuels.
Europe’s Renewable Energy Transition
As of December 2024, the European Union (EU) derived nearly 42% of its net electricity from renewable sources, with wind and hydropower playing key roles in the overall mix.
Here’s the full breakdown of renewables’ share of electricity generation across 38 European countries:
CountryShare of net electricity generation from renewable sources
Albania 99.3%
Norway 99.1%
Denmark 88.6%
Luxembourg 87.4%
Portugal 78.6%
Lithuania 75.8%
Sweden 73.1%
Croatia 67.6%
Latvia 65.1%
Austria 63.9%
Estonia 63.2%
Montenegro 63.2%
Finland 58.7%
Georgia 58.5%
Ireland 54.1%
Germany 52.0%
Spain 48.2%
Netherlands 45.9%
Bosnia and Herzegovina 42.8%
Romania 42.4%
Greece 41.9%
European Union 41.7%
Italy 38.0%
Türkiye 36.3%
North Macedonia 33.8%
Belgium 32.3%
Serbia 27.0%
Poland 25.4%
France 24.6%
Slovenia 23.4%
Cyprus 18.1%
Bulgaria 17.1%
Hungary 15.5%
Slovakia 15.3%
Czechia 13.0%
Moldova 12.2%
Malta 9.4%
Kosovo 8.8%
Albania leads, generating over 99% of its electricity from renewables, predominantly hydropower. Similarly, Norway also generates almost all of its electricity from renewables, with 89% of it coming from hydropower alone.
Denmark ranks third, with wind energy playing a key role in its renewable and overall electricity generation. Overall, the leading countries for renewable electricity are geographically distributed across Eastern and Western Europe.
However, fossil fuels also remain central to the grid in parts of Central and Eastern Europe. At the lowest extreme of the spectrum, Kosovo still generates the vast majority of its power from coal, gas, or oil, with renewables making up just 8.8% of the total.
Malta (9.4%) and Moldova (12.4%) follow, along with Czechia (13%), as the top countries with the lowest share of renewables in electricity generation.
Europe’s Clean Energy Goals
The EU has set a binding target of at least a 42.5% share of renewables in its overall energy mix (including electricity, heating, cooling, and other types of energy) by 2030, while aiming for a 45% share. This is more than double the current share of 19.5%, based on the latest available data from 2023.
In support of these goals, the EU has launched various initiatives for clean energy financing, including funding for offshore renewables and billions of euros in investments under the EU Green Deal.
Learn More on the Voronoi App
If you enjoyed today’s post, check out How the EU Generates its Electricity in 2025 on Voronoi, the app from Visual Capitalist.
Timeline: When Will One Big Beautiful Bill Programs Take Effect?
Key Takeaways
The One Big Beautiful Bill (OBBB) introduces sweeping tax, immigration, and social program changes, many of which are phased in over several years.
Key provisions start in 2025, but major tax and assistance program changes will roll out gradually until at least 2028.
The bill contains both expansions and restrictions—some boosting benefits like the Child Tax Credit, others tightening eligibility for programs like SNAP and Medicaid.
Signed into law in 2025, the One Big Beautiful Bill is a flagship policy package intended to reshape U.S. tax policy, immigration enforcement, student loan programs, and government assistance over the next decade.
According to USAFacts, the OBBB’s changes are designed to both stimulate growth and reduce spending—depending on the program in question. Much like the rollout of earlier landmark legislation such as the Tax Cuts and Jobs Act, OBBB’s provisions are staggered, meaning their real-world effects will emerge slowly over time.
The graphic below, by USAFacts, is a full timeline of policy rollouts:
In 2025, high-visibility tax changes like the new EV tax credit and the elimination of the home improvement energy credit take effect. The same year, several deductions, such as No-Tax-on-Tips and No-Tax-on-Overtime, come into play. Notably, expansions to the Child Tax Credit and the standard deduction will impact millions, while restrictions on SNAP and Medicaid programs loom on the horizon.
By 2027, the midterm election year, new limits on itemized deductions and Social Security number requirements for the Child Tax Credit will be in place. Meanwhile, expansions like the SALT cap lift and FEMA funding boost aim to offset some restrictions elsewhere.
Beyond Taxes: Loans, Assistance, and Immigration
The bill also reshapes the student loan landscape, ending certain income-driven repayment plans and hardship deferments by 2025, but introducing caps and repayment assistance plans in later years.
In immigration policy, OBBB increases funding for ICE and CBP while introducing fees for work permits and asylum applications. This reflects a broader theme in the bill: pairing expansions of enforcement and certain tax breaks with tightened eligibility and new user fees in other areas.
Long-Term Impacts and Political Timing
Because many of OBBB’s provisions activate in politically sensitive years—2027’s midterms and 2029’s general elections—implementation may become a flashpoint in future debates.
Historical precedent shows such sweeping policy changes can influence electoral outcomes, as seen in prior administrations’ major legislative pushes (more on early-term executive actions here).
Learn More on the Voronoi App
Check out What’s in President Trump’s 2026 budget proposal? to see how future spending priorities align—or clash—with OBBB’s long rollout.
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