Why the pace of wealth increases is slowing globally
Вставка
- Опубліковано 9 лип 2024
- A recent UBS Global Wealth report reveals that global wealth increased by 4.2% in 2023. However, the report also indicates a deceleration in the rate at which individuals are accumulating wealth. To shed light on this trend, UBS Global Wealth Management chief economist Paul Donovan offers his analysis.
Donovan explains that the primary factor behind this slowdown is the natural progression of economic development. As populations transition from low or middle-income status to higher income brackets, "naturally the pace of wealth accumulation is likely to slow," he notes. This phenomenon is particularly evident in more mature economies like those in European nations and the United States.
Donovan emphasizes the crucial role of demographics in wealth creation. "Slowing wealth is tending to be more likely where you have slowing population growth or negative population growth," he explains, adding: "You've got to bear in mind wealth is something which is generated by people in your country."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: / yahoofinance
Instagram: yahoofinanc...
TikTok: www.tiktok.com/@yahoofinance?...
Facebook: / yahoofinance
LinkedIn: / yahoo-finance
#wealth #yahoofinance #economics
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in last month 2024
..........
Wow that's huge, how do you make that much monthly?
I'm 47 and have been looking for ways to be successful, please how??
Sincerely speaking. I will continue to trade and stick to expert catherine daily signals and guides as long as it works well for me.
Woah for real? I'm so excited. Adriana's catherine strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
I'm new at this, please how can I reach her?"
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
My CFA ’ANGELA LYNN SCHILLING’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
Is it because of crypto currency?