by Jesse Colombo MarketWatch published a piece today called “Here is the ‘true state’ of Americans’ financial lives,” which stated that 42% of Americans have no retirement savings at all and that only 28% of Americans are considered “financially healthy”: The …
A joint report by UBS and PWC showed that world’s billionaires’ wealth enjoyed its greatest-ever increase last year, hitting $8.9 trillion shared among 2,158 individuals. “The past 30 years have seen far greater wealth creation than the Gilded Age” the …
via GoldenGatorBridge: Sources: 2016: Global Wealth Databook 2016 (pp. 106ff) 2000: UN University: The World Distribution of Household Wealth Tools: Visualization using Python, Pandas Matplotlib and Seaborn. The Gini index measures inequality in a distribution. 100 means that one person owns everything, 0 means that …
by John Rubino For the past few years, homeowners just about everywhere have been able to finesse life’s problems by thinking “at least my house is going up.” This home equity accretion allowed them to buy stuff on credit, safe …
by Jesse Colombo Since 2009, the U.S. has been experiencing a household wealth boom due to soaring stock, housing, and bond prices. Unfortunately, this wealth boom is driven by cheap credit and asset bubbles just like the late-1990s and mid-2000s …
They are inaccurate in that they are dated, to say they are entirely inaccurate isn’t correct and pointlessly dismissive. It doesn’t make a difference in that bill or Jeff aren’t over 200 billion yet. You can also assume that the …
From Bloomberg: It’s all the rage in charitable giving — and it’s actually got some charities worried. Donor-advised funds — money that grows tax-free in individual accounts — are reshaping the landscape of U.S. philanthropy. After creating their account, donors choose how it’s …
by howmuch If you want stark visual proof of global inequality, here it is. Both halves of this graph represent an equal amount of global wealth. The top half consists of the world’s eight richest billionaires. The bottom half represents …
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. The economy in Africa is on the rise, and financial hubs are beginning to emerge. While the resource-rich African continent has seen only 13% growth in total private …
by howmuch Given the 8-month long crypto bear market, lots of bitcoin naysayers are feeling smug right about now. From JPMorgan CEO Jamie Dimon to CNBC’s Mad Money host Jim Cramerand Nobel economist Robert Shiller, every media personality seems to think bitcoin’s downward trend …
by Frank Holmes, CEO, U.S. Global Investors “Capitalism works” is how Ken Langone, billionaire co-founder of Home Depot, opens his new book, I Love Capitalism!: An American Story. “Let me say it again: It works! And—I’m living proof—it can work for …
Elite billionaires referring to themselves as using tech to join a ‘class of immortal overlords’ that live twice as long as everyone else? Gee, sounds super fun, can’t wait. Crazy what they’re blatantly admitting to people these days…
via cnbc: Businesses should integrate ocean sustainability into strategy, according to Norges Bank Investment Management. Firms should also disclose how ocean sustainability forms part of their strategies, policies and commitments. Norway’s $1 trillion sovereign wealth fund has said that it …
https://twitter.com/OccupyWisdom/status/1034839993750093824
via Yahoo: For almost two years, Wells Fargo (WFC) has been under near-constant fire. It all began, of course, with the revelation that employees in bank branches, who faced immense pressure to sell, had opened fake accounts for customers. Then, …
via @weizent Rainer Michael Preiss, executive director at Taurus Wealth Advisors, pointed to how the investing environment is changing: volatility is picking up, and interest rates are rising and monetary policy is tightening. In times of volatility, a more hands-on approach …
by Egon von Greyerz Embrace uncertainty – Anyone who doesn’t follow this momentous maxim in coming years is likely to get one unpleasant shock after the next. Because the stable progression of the world economy since WWII is now coming to …
middle class gets limited to no real wage increase, meanwhile, Wall Streets gets record buybacks! pic.twitter.com/Auck3xC7Fq — Alastair (@StockBoardAsset) August 7, 2018 https://twitter.com/OccupyWisdom/status/1026958307238572033 via marketwatch: The gap between the rich and the poor in America has ballooned over the last several …
From CNBC: Billionaire hedge-fund founder Ray Dalio says artificial intelligence and automation are improving productivity but also causing such a dramatic wealth gap that “a national emergency should be declared.” The co-chief investment officer and co-chairman of Bridgewater Associates shared his thoughts in …
Wealthiest 20% own 84.6% of the wealth Wealthiest 20% pay 87% of the income taxes Lower 80% own 15.4% of the wealth Lower 80% pay 13% of the income taxes IMBALANCES https://twitter.com/OccupyWisdom/status/1017628063344013312
via Sputnik Top international money managers are expecting that a downturn in the global exchange in capital, goods, services and workforce could cripple stock markets worldwide, suggesting other investment opportunities might be in focus over the coming years. Kristian Rouz — …
by howmuch We all know it costs money to make money, but is there a direct correlation between income and overall personal wealth? If there is, we would expect to see the relationship in our new visualization comparing accumulated wealth and …
https://www.youtube.com/watch?v=gINXPmTylxM According to a recent report from Williams Group Wealth Consultancy, 70% of wealthy families lose their wealth by the second generation, and a shocking 90% by the third generation. Stefan Molyneux breaks down the financial reality of the “shirtsleeves …
Why U.S. Household Wealth Is In A Bubble – Part 1 Since the financial crisis in early-2009, household wealth has surged by nearly $46 trillion or 83 percent to a record $100.8 trillion. As the chart below shows, the powerful increase in …
via UPI: The combined wealth of all the world’s millionaires rose in 2017 for the sixth straight year, and topped the $70 trillion-mark for the first time on record. The World Wealth Report from Capgemini, released Tuesday, credits the rise to an …
Josh Sigurdson talks once again with Lior Gantz of Wealth Research Group to talk about several of the top market and monetary stories of the day! First, we dig into the recent red share prices of banks across the board. …
The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth. In a report published to coincide with the start of …
Why is the Government subsidizing billionaires? Don’t forget his sweetheart contracts with the 3 letter Gov agencies and his friends on capital hill that protect him…. all while running a company that hardly ever makes a profit. via time: Amazon founder and …
Argentina has been bailed out by the IMF with the biggest ever loan in IMF history. UK retailers are in trouble, more stores are closing down and the press is contributing this to online sales. Consumer credit growth has slowed, …
Bill Gates, Mark Zuckerberg, and Jeff Bezos have done little that wouldn’t have happened anyway. ALL modern US technology started with — and to a great extent continues with — our tax dollars and our research institutes and our subsidies …