Commentary If you are under the age of 40, you likely are actively engaged in building a family and building a career. You are also actively engaged in building up enough wealth so that when you hit the back nine of your life, you can retire and enjoy it. I am in the back nine…
US Household Wealth Rebounded to $147.7 Trillion in 4th Quarter
Dr. Andrew Glass, DPM, is a podiatrist with more than 20 years of experience at NY Podiatric Medicine and Surgery. He is board-certified by the American Board of Multiple Specialties in Podiatry (ABMSP). Rising stock market prices pumped wealth back into Americans’ pockets at the end of last year, but declining property values, slowed…
Household Wealth Optimism Collapses, Global Survey Shows
January 16, 2023
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Business & MarketsDavoseconomic policieseconomyenergyEuropeglobalhouseholdinflationInternationalwealthWorld
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Barely two in five people believe their families will be better off in the future, according to a regular global survey that also identified growing levels of distrust in institutions among low-income households. The Edelman Trust Barometer, which for over two decades has polled the attitudes of thousands of people, found that economic pessimism was…
Market Misery Deals Sovereign Wealth Funds Historic Setback in 2022: Study
LONDON—Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever—and to the tune of $2.2 trillion, an annual study of the sector has estimated. The report on state-owned investment vehicles by industry specialist Global SWF…
What Does It Mean to Be a Rich Nation?
Commentary I’m sitting at the bar at a restaurant in the center of Mexico City, a country ranked 71 in the list of nations in GDP per capita. Most people in the United States would call it poor. And of course Americans are somehow under the impression that the place is dangerous, which, so far…
Assets of the Wealthy Shrink, and Internet Technology Moguls Drop on China’s Rich List
News Analysis A newly released list of China’s 100 richest people indicates that the total wealth of entrepreneurs, in particular fortunes in Internet technology, diminished significantly. Experts believe that this may be related to the overall economic decline and that their assets would be further reduced from a future trend. Compared with the year before,…
Australia Is One of the World’s Richest Countries, Global Wealth Report Shows
Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.5 percent of the global population, ranked fourth in the world for the number of millionaires as…
Australia One of the World’s Richest Countries, Global Wealth Report Shows
September 23, 2022
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Asia & PacificAustraliaBusiness & MarketseconomyHousing PriceInequalityInternationalmarketmoneypersonal financewealthWorld
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Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.33 percent of the global population, ranked fourth in the world for the number of millionaires as…
7 Wealth Generation Strategies for an Inflationary Environment
Inflation is a global issue at the moment, and every country is dealing with the fallout from financial pressure with different levels of success. Individuals concerned with wealth generation are also scrambling to react to the circumstances. One way to stay a step ahead of inflation is by effectively building wealth. This can ameliorate monetary shortcomings…
Bank of America Enlists Thousands of Employees for Wealth Lending Group
NEW YORK—Bank of America Corp. created a new group in its global wealth and investment management division to focus on lending to rich clients, the company told Reuters on Monday. Chief Executive Officer Brian Moynihan tapped April Schneider last month to lead the 3,500-person wealth management banking and lending group. She reports jointly to Andy…
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