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Charted: Political Affiliation by Generation in the U.S.

2026-02-04 02:47:03

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Graphic about political affiliation by generation in the U.S., showing that most Gen Z and Millennials identify as independents.

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Charted: Political Affiliation by Generation in the U.S.

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • More than half of Gen Z and Millennials identify as politically independent.
  • Older generations are far more likely to affiliate with the Republican or Democratic parties.

Political identity in the U.S. is changing, and the divide is increasingly generational.

Younger Americans are stepping away from traditional party labels, while older generations remain more closely tied to the two-party system.

This visualization shows how political affiliation varies across generations, highlighting the growing role of independents in American politics.

The data comes from Gallup. It is based on annual averages from Gallup’s telephone interviews, asking respondents whether they identify as Republican, Democrat, or independent. “No opinion” responses are excluded, and figures may not total 100% due to rounding.

Younger Generations Favor Being Independents

A majority of both Generation Z and Millennials identify as independents. Among Gen Z, 56% say they are independent, compared with just 17% identifying as Republican and 27% as Democrat. Millennials show a similar pattern, with 54% identifying as independent.

Political Affiliation Republican Independent Democrat
Generation Z (born 1997-2007) 17% 56% 27%
Millennials (born 1981-1996) 21% 54% 24%
Generation X (born 1965-1980) 31% 42% 25%
Baby boomers (born 1946-1964) 34% 33% 32%
Silent Generation (born before 1946) 37% 30% 32%

Party Loyalty Rises With Age

Political affiliation becomes more evenly split among older generations. Generation X shows a more balanced distribution, with 31% Republican, 25% Democrat, and 42% independent. Among Baby Boomers, party identification nearly overtakes independence altogether.

The Silent Generation is the most partisan group, with roughly seven in 10 identifying as either Republican or Democrat. This cohort came of age during periods when party affiliation was more stable and closely tied to identity, such as the New Deal era and the Cold War.

Implications for U.S. Politics

The rise of independents among younger generations has major implications for elections and governance. While independents may still lean toward one party, their lack of formal affiliation makes voter behavior less predictable. It also complicates messaging for political parties trying to mobilize younger voters.

Learn More on the Voronoi App

If you enjoyed today’s post, check out The Distribution of Income in America (2024 vs 1974) on Voronoi, the new app from Visual Capitalist.

What a CFO’s Hour is Worth: Ranking the Top Earners

2026-02-04 00:47:00

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The following content is sponsored by Terzo

Ranking CFO Compensation: The Top Earners

   

Key Takeaways

  • Vaibhav Taneja at Tesla is the highest paid CFO, with total hourly compensation reaching nearly $49,000
  •        
  • CFOs at the Magnificent Seven tech giants all hold a spot in the top 10 ranking.
  •        

Chief Financial Officers (CFOs) juggle high-stakes decisions daily, from financial strategy to risk management. Their compensation reflects this pressure, but how much are the top earners making per hour?

This graphic, in partnership with Terzo, highlights the highest paid CFOs in America. It’s part of our Markets in a Minute series, which features quick economic insights for executives.

What a CFO’s Hour is Worth

Based on the 50 largest companies in the U.S., we’ve compiled a ranking of the 10 highest paid CFOs. Their hourly earnings reflect total compensation including salary, bonuses, stocks, stock options, and other items like retirement contributions. 

Here’s how it breaks down, based on a 55-hour workweek.

Company CFO Name CFO Compensation Per Hour
Tesla Vaibhav Taneja $48,767
Alphabet Ruth Porat, Anat Ashkenazi $13,462
Microsoft Amy E. Hood $10,308
Amazon Brian T. Olsavsky $8,992
Cisco R. Scott Herren $8,494
Meta Susan Li $8,259
Netflix Spencer Neumann $8,008
NVIDIA Colette M. Kress $7,469
Goldman Sachs Denis Coleman $7,370
Apple Luca Maestri, Kevan Parekh $7,225

Source: company SEC filings as of January 14, 2025. Based on the latest fiscal year. In cases where a CFO changed mid-year, total compensation was prorated accordingly.

Tesla’s Vaibhav Taneja earns the highest hourly compensation in the ranking, at nearly $49,000 per hour. This outsized figure stems largely from a one-time award of stocks and stock options totaling over $139 million, in recognition of Taneja’s promotion to CFO. About 80% was granted in stock options, making the value of Taneja’s earnings heavily tied to Tesla’s stock price.

Anat Ashkenazi, CFO at Alphabet and Google, takes the second spot. She was appointed CFO on July 31, 2024, so we’ve prorated her salary along with Ruth Porat, who previously served in the role. Ashkenazi’s negotiated compensation included nearly $39 million in stock awards and a one-time cash sign-on bonus of nearly $10 million. 

Trends Among CFOs With the Highest Compensation

The two highest earners were new to their roles, highlighting the negotiating power executives have when accepting a promotion or moving to another company.

It’s also worth noting that nine of the top 10 highest earners are in the technology space, including all of the Magnificent Seven. Goldman Sachs’ CFO is the sole executive from the financial services space in the compensation ranking. 

When your time is valuable, fast access to the right information is critical. NirvanAI is an all-in-one AI system that helps CFOs turn contracts into clear, actionable insights.

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The World’s Most Import-Dependent Countries, Ranked

2026-02-03 23:27:03

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Bar chart showing the world's most import-dependent countries.

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The World’s Most Import-Dependent Countries

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • Hong Kong imports goods equal to 178% of GDP, the highest import-to-GDP ratio in the world.
  • The UAE’s imports total 92% of GDP, with the country importing most of its food supply.

Geopolitical tensions are pushing trade into the spotlight, with many countries looking to diversify their imports.

However, the most import-dependent economies are often small islands or landlocked nations. In Hong Kong, for example, 99% of fossil fuels are imported to meet energy needs. Cuba imports up to 80% of its food, driven by low domestic production.

This graphic shows the countries with the highest imports as a share of GDP, based on data from the World Bank.

Ranked: The Top 30 Most Import-Dependent Countries

Below, we show the countries with the highest import-to-GDP ratios in 2024 (or the latest available data):

Rank Country or Entity Imports as a Share of GDP (%) Region
1 🇭🇰 Hong Kong SAR 178 Asia
2 🇱🇺 Luxembourg 160 Europe
3 🇸🇲 San Marino 155 Europe
4 🇸🇬 Singapore 144 Asia
5 🇩🇯 Djibouti 115 Africa
6 🇳🇷 Nauru 111 Oceania
7 🇸🇨 Seychelles 103 Africa
8 🇮🇪 Ireland 102 Europe
9 🇰🇮 Kiribati 102 Oceania
10 🇲🇹 Malta 100 Europe
11 🇸🇴 Somalia 99 Africa
12 🇱🇸 Lesotho 99 Africa
13 🇨🇾 Cyprus 93 Asia
14 🇦🇪 UAE 92 Asia
15 🇸🇰 Slovak Republic 86 Europe
16 🇹🇱 Timor-Leste 85 Asia
17 🇰🇬 Kyrgyz Republic 84 Asia
18 🇻🇳 Vietnam 84 Asia
19 🇨🇺 Cuba 82 North America
20 🇲🇭 Marshall Islands 82 Oceania
21 🇵🇼 Palau 80 Oceania
22 🇧🇪 Belgium 80 Europe
23 🇲🇺 Mauritius 78 Africa
24 🇲🇻 Maldives 78 Asia
25 🇦🇲 Armenia 76 Asia
26 🇦🇼 Aruba 76 North America
27 🇪🇪 Estonia 75 Europe
28 🇸🇮 Slovenia 75 Europe
29 🇲🇰 North Macedonia 75 Europe
30 🇱🇧 Lebanon 74 Asia

With imports equal to 178% of GDP, Hong Kong ranks first globally.

As one of the world’s busiest shipping hubs, many goods enter Hong Kong and are then re-exported elsewhere. Because imports are counted at full value, this inflates its import-to-GDP ratio.

Other trade and financial hubs—including Luxembourg, San Marino, and Singapore—show similarly high import shares for the same reason.

Beyond these hubs, several small island nations such as Nauru, Seychelles, and Kiribati post import values above 100% of GDP. Moreover, 26 of the top 30 most import-dependent countries have populations under 10 million.

The UAE is also heavily reliant on imports—especially food—making it more exposed to supply chain disruptions. Notably, as much as 90% of its food is imported.

In Europe, landlocked Slovakia ranks among the most import-dependent. It was also one of the few European countries exempted from the Russia oil ban to mitigate shortages, with Russia supplying 87% of its oil.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on global oil trade flows.

Mapped: U.S. Population Growth by State (2020-2025)

2026-02-03 21:07:43

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Map showing population growth by state 2020 to 2025.

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Mapped: U.S. Population Growth by State (2020-2025)

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • Idaho’s population grew by 10.4% between 2020 and 2025, more than triple the national average.
  • Florida (8.9%) and South Carolina (8.8%) follow next, with Southern states adding more residents than all other regions combined.

America’s population has grown by over 10 million people since 2020, with nearly three-quarters of this growth concentrated in the South.

With the rise of remote work, many migrated to Florida and Texas thanks to their sunnier climates and favorable taxes. Meanwhile, California has seen net out-migration, with people increasingly heading to more affordable states like Utah and Idaho.

This graphic shows population growth by state since 2020, based on data from the U.S. Census Bureau.

How Population Growth by State Has Shifted Since 2020

Between 2020 and 2025, the U.S. population increased by 3.1% with the South growing the fastest across U.S. regions:

  • South: 6.0%
  • West: 1.9%
  • Midwest: 1.1%
  • Northeast: 0.7%

Below, we show how population growth breaks down by state, based on data from April 2020 to July 2025:

Rank State Absolute Population Growth Rate
2020-2025
Change in Number of Residents
1 Idaho 10.4% 190,610
2 Florida 8.9% 1,924,311
3 South Carolina 8.8% 452,024
4 Texas 8.8% 2,560,323
5 Utah 8.2% 267,303
6 North Carolina 7.2% 756,576
7 Delaware 7.1% 70,002
8 Arizona 6.5% 465,714
9 Tennessee 5.8% 402,757
10 Nevada 5.7% 176,595
11 Montana 5.6% 60,473
12 Georgia 5.5% 588,887
13 South Dakota 5.5% 48,438
14 Colorado 4.1% 237,235
15 Oklahoma 4.1% 163,934
16 Maine 3.8% 51,656
17 Washington 3.8% 293,501
18 Arkansas 3.4% 103,261
19 Alabama 3.3% 167,651
20 Nebraska 2.9% 56,026
21 Virginia 2.9% 248,688
22 Indiana 2.8% 186,728
23 New Jersey 2.8% 259,191
24 New Hampshire 2.7% 37,769
25 North Dakota 2.6% 20,222
26 Connecticut 2.2% 80,746
27 Kentucky 2.2% 100,577
28 Minnesota 2.2% 123,672
29 Wyoming 2.1% 11,881
30 Missouri 1.9% 115,628
31 Massachusetts 1.7% 120,972
32 Rhode Island 1.6% 17,164
33 Iowa 1.5% 47,805
34 Maryland 1.4% 83,707
35 Kansas 1.3% 39,234
36 Wisconsin 1.3% 78,464
37 Ohio 0.9% 101,065
38 Oregon 0.9% 36,304
39 District of Columbia 0.6% 4,101
40 Alaska 0.5% 3,887
41 Michigan 0.5% 48,522
42 New Mexico 0.4% 8,006
43 Pennsylvania 0.4% 56,679
44 Vermont 0.2% 1,586
45 Mississippi -0.2% -7,104
46 California -0.5% -200,394
47 Illinois -0.8% -102,600
48 Louisiana -0.9% -39,705
49 New York -1.0% -201,269
50 Hawaii -1.5% -22,447
51 West Virginia -1.5% -27,612
-- U.S. 3.1% 10,268,744

Idaho witnessed the fastest population growth overall, at 10.4%.

Roughly a quarter of this growth is from California, drawn by the state’s lower cost of living, while roughly another 18% came from Washington. The vast majority, equal to about 80% of new residents, are under the age of 55.

Florida follows next in line, with 8.9% growth. Since April 2020, the state’s population has swelled by more than 1.9 million people, the largest absolute gain only after Texas. In total, five of the top 10 states by population growth were in the South.

In contrast, California and New York top the list for the largest population declines. Both states have lost more than 200,000 residents, with high living costs playing a major role.

As of December 2025, the median home price hit $818,000 in California and $501,000 in New York, well above the national median of $446,000. Combined with shifting work opportunities, these affordability challenges are helping fuel the outmigration.

Learn More on the Voronoi App

To learn more about this topic, check out this graphic on average home prices by state.

Ranked: The Countries Driving China’s $1.2T Trade Surplus

2026-02-03 02:41:23

Bar chart showing China’s top 15 trade surplus partners in 2025, led by Hong Kong, the U.S., India, and Vietnam

The Countries Driving China’s $1.2T Trade Surplus

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’s trade surplus reached $1.19 trillion in 2025, a record-breaking figure despite escalating global tensions.
  • Hong Kong and the U.S. together accounted for nearly half of China’s total surplus.
  • India and Vietnam have emerged as significant contributors, each creating surpluses for China of over $100 billion.

A trade surplus occurs when a country exports more goods and services than it imports, resulting in a net inflow of foreign currency. For China in 2025, this surplus has grown to unprecedented levels, topping $1.19 trillion according to the General Administration of Customs.

The visualization above, created by Aneesh Anand, maps out which countries contributed most to this surplus. The dataset highlights China’s top 15 surplus partners, showcasing a global pattern of economic interdependence and imbalance.

Breaking Down China’s Trade Surplus by Country

Hong Kong topped the list with a surplus of $303.9 billion, largely due to re-exports and transshipment trade.

Rank Trade Partner China's Surplus (US$ bn)
1 🇭🇰 Hong Kong 303.93
2 🇺🇸 U.S. 280.35
3 🇮🇳 India 116.12
4 🇻🇳 Vietnam 100.15
5 🇳🇱 Netherlands 73.39
6 🇬🇧 UK 66.44
7 🇹🇭 Thailand 53.75
8 🇸🇬 Singapore 46.08
9 🇵🇭 Philippines 38.87
10 🇮🇹 Italy 26.31
11 🇩🇪 Germany 25.42
12 🇲🇾 Malaysia 15.69
13 🇫🇷 France 11.63
14 🇨🇦 Canada 6.21
15 🇮🇩 Indonesia 3.16

Close behind Hong Kong was the United States at $280 billion, continuing a long-standing trade imbalance. India and Vietnam, at over $100 billion each, underline China’s deepening trade ties in Asia.

Why Are China’s Trade Surpluses So High?

Despite rising protectionism, tariffs, and diplomatic tensions, China’s manufacturing engine remains robust. Even American tariffs have failed to dent the flow of consumer electronics, machinery, and intermediate goods being exported from China.

Part of the explanation lies in global supply chains. Many goods are still assembled or completed in China, especially electronics, before being shipped abroad. This entrenched role as the “workshop of the world” has kept China’s exports high, even in an era of attempted decoupling.

Trade Imbalances Remain a Sore Point

As the Council on Foreign Relations notes, China’s massive surpluses remain a puzzle to some economists, particularly due to underreported service imports or capital flows that mask the true extent of imbalances.

For major partners like the U.S., this imbalance has long been a political flashpoint. A large trade deficit means the U.S. imports significantly more from China than it exports in return, which has raised concerns about domestic job losses, the decline of American manufacturing, and growing economic dependence.

Successive U.S. administrations have tried to reverse this pattern, most notably through tariffs, reshoring incentives, and supply chain diversification. However, these efforts have yielded limited results. China continues to dominate in key export sectors like electronics, machinery, and intermediate goods, making it difficult for American producers to compete without incurring higher costs.

For policymakers, the trade gap is about more than just numbers. It touches on national security, global influence, and the sustainability of U.S. debt, as trade deficits are often financed by foreign investment in American assets. Reducing the trade imbalance with China remains a central, if elusive, goal in broader economic strategy.

Learn More on the Voronoi App

For more historical context, check out our related post on Eight-plus years of the US–China trade gap on the Voronoi app.

All of the World’s Billionaires by Country

2026-02-02 23:22:50

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Graphic showing which countries have the most billionaires in 2025, how fast their ranks are growing, and where global wealth is concentrated.

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All of the World’s Billionaires by Country

See visuals like this from many other data creators on our Voronoi app. Download it for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Key Takeaways

  • The U.S. remains home to by far the most billionaires, with nearly double the count of China.
  • Europe shows uneven growth, with Germany surging while several peers stagnate.

The global billionaire map continues to shift as wealth creation accelerates in some regions and stalls in others. While the United States and China still dominate in absolute numbers, several smaller economies are seeing faster percentage growth in their billionaire populations.

This infographic ranks countries by the number of billionaires in 2025. The data for this visualization comes from UBS.

The United States Still Leads by a Wide Margin

With 924 billionaires, the United States remains the clear global leader. Combined billionaire wealth in the U.S. totals roughly $6.9 trillion, far exceeding any other country.

Rank Country or Entity Billionaires 2025 Wealth 2025 (USD)
1 🇺🇸 United States 924 6.9T
2 🇨🇳 China 470 1.8T
3 🇮🇳 India 188 888B
4 🇩🇪 Germany 156 692B
5 🇬🇧 United Kingdom 91 456B
6 🇨🇭 Switzerland 84 518B
7 🇭🇰 Hong Kong SAR 76 328B
8 🇮🇹 Italy 61 197B
9 🇸🇬 Singapore 55 259B
10 🇹🇼 Taiwan 51 164B
11 🇧🇷 Brazil 47 126B
12 🇨🇦 Canada 47 211B
13 🇫🇷 France 46 509B
14 🇦🇺 Australia 43 213B
15 🇯🇵 Japan 41 179B
16 🇮🇱 Israel 36 108B
17 🇪🇸 Spain 32 213B
18 🇰🇷 South Korea 31 88B
19 🇸🇪 Sweden 31 132B
20 🇮🇩 Indonesia 27 156B
21 🇹🇭 Thailand 25 94B
22 🇲🇽 Mexico 22 167B
23 🇸🇦 Saudi Arabia 19 81B
24 🇦🇪 UAE 19 169B
25 🇵🇭 Philippines 15 54B
26 🇲🇾 Malaysia 14 41B
27 🇳🇴 Norway 11 30B
28 🇦🇹 Austria 8 77B
29 🇩🇰 Denmark 8 50B
30 🇳🇱 Netherlands 8 16B
31 🇫🇮 Finland 7 15B
32 🇿🇦 South Africa 7 36B
33 🇦🇷 Argentina 5 26B
34 🇨🇱 Chile 5 35B
35 🇮🇪 Ireland 4 11B
36 🇪🇬 Egypt 4 17B
37 🇳🇬 Nigeria 4 37B
38 🇱🇧 Lebanon 2 6B
39 🇨🇴 Colombia 1 8B
40 🇵🇪 Peru 1 2B
-- Other 193 n/a

The country is also home to the world’s richest individual, Elon Musk ($726B). SpaceX has been valued as high as $800 billion in recent secondary share sales, and a potential IPO in 2026 could make Musk the world’s first trillionaire.

China and India Anchor Asia’s Wealth Base

Mainland China ranks second globally, with 470 billionaires and $1.8 trillion in combined wealth. While growth has moderated compared to past years, the country still added billionaires at a double-digit rate in 2025.

India follows with 188 billionaires, reflecting steady expansion driven by technology, manufacturing, and infrastructure investment. In contrast, wealth hubs like Hong Kong and Singapore punch above their weight, with high concentrations of billionaires relative to population size.

In China, Zhong Shanshan ($69.4B) remains the country’s richest individual. The founder of Nongfu Spring left school during the Cultural Revolution and later built China’s bottled-water giant after working in construction, journalism, and sales.

Europe’s Growth Is Uneven

Germany stands out in Europe, recording a 33% year-over-year increase to reach 156 billionaires. This surge contrasts with flatter growth in countries like France and the UK, where billionaire counts remained stable or grew modestly compared to 2024 numbers.

The UK still hosts 91 billionaires, while France counts 46.

Smaller Markets, Faster Growth

Some of the fastest growth rates come from countries with smaller billionaire bases. Saudi Arabia saw its billionaire count surge by 217%, while Malaysia and Argentina also posted strong gains.

Learn More on the Voronoi App

If you enjoyed today’s post, check out Ranked: The Best Countries at Math on Voronoi, the new app from Visual Capitalist.