Wealthyhood’s Post

British living standards will start to rise again this year, per the National Institute of Economic and Social Research (NIESR), though it won’t be until 2027 that poorer households recover their pre-pandemic spending power. In our spotlight 🔎 section, we discuss how Meta’s stock increased by an impressive 20.3%, resulting in not only its biggest one-day percentage increase in a year, but also, it’s third biggest since its first Wall Street appearance back in 2012. Its value now stands at over $1.22 trillion. Read more in VAM’s latest weekly market update📥   #marketingcommunication #finance #investing #vamfunds #uk

The U.S. leads the global stage as the undisputed champion of wealth! 🚀 According to the latest 2024 USA Wealth Report by Henley & Partners and New World Wealth: America is home to over 5.5 million millionaires, growing 62% in the last decade! That's nearly double the global rate. 📈 With 37% of the world's millionaires, the U.S. has outpaced China in wealth growth, housing 9,850 centi-millionaires and 788 billionaires! 💼 2023 saw a net inflow of 2,200 millionaires to the U.S., with 3,500 projected for 2024. The land of opportunity attracts top tech talent and entrepreneurs from across the globe. 🌎 Dominating the luxury and art market, the U.S. accounts for 42% of global art sales and led luxury sales with $80 billion last year! 🎨🛍️ Dominic Volek highlights that the opportunities for wealth creation in the U.S. are unparalleled. With such impressive growth, what would you do if you were part of this elite group? Dive into a world where dreams meet reality. 🌟 #WealthReport2024 #LuxuryMarket #MillionaireMindset #ArtSales The full report: https://bit.ly/3TmaGK4

Repension: "Aging with Dignity". A Chilean Social Venture for the Exec MSc Social Business at The London School of Economics and Political Science (LSE). The Problem/Opportunity: > Aging Population: By 2030, 20.6% of the total population will be 60+ > Inadequate Pension System: Median pension is $331/month (64% of minimum wage) > High home ownership in elderly population: 44% of households owned by elderly (+2M homes) Insight = Seniors lack sufficient cash flow but own significant home equity The Solution = A 'Repension' is an innovative financial product for seniors (60+) that enables them to leverage their homes to increase their monthly income by over 100%, equating to around $358 per month. If you're interested in finding out how to become an investor or customer then please reach out. *A venture co-designed with a brilliant founding team of Joan Dagá Kunze, Sasha Tanghe, Joshua DaSilva and Yusi Cheng. #SocialBusiness #SocialVenture #Impact #SocialEnterprise

The Wealth needed to join the Top 1% club. The entry point to be considered the top 1% of wealthiest people in Australia is now US$4.673m (2023 - US$5.5m). Australia now ranks 7th in the world for the money required to be in the top 1% of wealthiest people, falling from its ranking of 3rd last year. The number of ultra high net wealth investors (UHNWIs) rose by 2.9% from 2022 to 2023 to reach 15,347 people and is expected to rise a further 27% by 2028 to 19,491 people. At a regional level, North America leads with the number of UHNWIs up 7.2%, the Middle East comes in second place (6.2%) Africa takes third place, up 3.8% and Australasia comes in 4th at 2.9%. Latin America was the only region to see its population of wealthy individuals decline (-3.6%). The number of wealthy individuals globally is expected to increase by 28.1% over the next five years to 2028.

Happy Friday!! In my recent Future(s) with an (S) thought-letter, I discuss the benefits of cooperation and collaboration between different generations, specifically Generation Z and older generations. It talks about how Generation Z faces various challenges like lack of social skills due to increased screen time, achievement gaps, and accelerated digital adoption. It also plants a seed that businesses need to provide training, mentorship and support to Generation Z to address these issues. A living example is the future(s) trend to multigenerational homes. The benefits of co-ownership of houses where people from different generations pool their financial and other resources to collectively own a house. Co-ownership provides financial benefits like shared costs and tax deductions. It also offers flexibility, shared investment and rewards, and mitigates risks. Sign up for newsletter here: https://lnkd.in/eTvqFcQx I'm much better in 3D so if you're interested in a one-on-one consultation or considering a speaker for your events in 2024, I am eager to discuss how we can collaborate for a future of innovation and success. #strategicforesight #futuresthinking #cities #insights #multigenerationalliving #taxbenefits

🌍 As we navigate the complexities of today's global economy, it's crucial to stay informed about how wealth is distributed across our planet. A recent study has ranked countries according to their average and median wealth per person. 💰 Switzerland leads the way with an impressive $709,612 average wealth per adult in 2023. However, when we shift our lens to median wealth, which offers a more representative measure of wealth distribution, Luxembourg takes the top spot with $372,258. 📈 These figures underscore the importance of considering both average and median values when assessing economic prosperity - as they often tell different stories about a country's financial health and inequality levels. #WealthDistribution #EconomicTrends #FinancialPlanning 🌐

I worry about Gen Z and homeownership 😪🏡. You may wonder, how many conversations as Gen Z we are having about investing in Real Estate and/or Property Technology innovations. Also, as a demography- the African youth - are we truly engaging with and understanding the property market? 🤔 The obstacles that stand in our way are a lot: ✅Lack of Awareness, ✅lack of Access to Capital, ✅Limited Industry Networks; and for many, ✅the feeling of inexperience. One of the most common decisions amongst young men and women of our generation is the idea to own a car before a home or some property. Better even they have an average guess of at least 5 of their most desired cars and the pricing. While dreams of the perfect car abound, thoughts of homes, real estate, or ploti maguta maguta seem to fade into the background. Yet, a common trend persists: prioritizing owning a car over investing in property. Don’t get me wrong, convenience to travel/commute may lead to a certain preference. I desire to be in an era where there is so much engagement on the real issues that prevent the youth from owning property investments. Where's the discussion on when, where, and how to own our first property? 🗣️ I long for the day when buying property is not just a distant dream but a tangible goal for Gen Z. When gen Zs will be able to articulate their property needs, build startups and drive innovations in the real estate sector. Let's talk about the conversations we're having—or not having—regarding investing in Real Estate and Property Technology innovations🤝. #GenZHomeownership #YouthInProptech #proptechWednesdays #PropertyInnovation #RealEstateRevolution 

Today’s technology can assist to decarbonisation. Let’s hope politicians are open minded and allow for contributions today with existing infrastructure.

The Glasgow City Region Intelligence Hub, an economic research and insights team based in Glasgow City Region’s Programme Management Office, is undertaking a survey to better understand the challenges faced by key ‘Foundational Economy’ sectors within Glasgow City Region (GCR). https://lnkd.in/gxyDhcJW GCR consists of eight partner councils (Glasgow, Inverclyde, North Lanarkshire, South Lanarkshire, East Dunbartonshire, West Dunbartonshire, East Renfrewshire, Renfrewshire) working to improve GCR, one of the largest UK city regions and Scotland’s economic powerhouse. Together with key partners we are delivering a programme of work to grow a strong, inclusive and sustainable City Region, and an economy which delivers for all our people and businesses. The information gathered will play a crucial role in shaping the development of the GCR Foundational Economy Programme. For the purposes of this survey, the ‘Foundational Economy’ is defined as ‘the part of the economy that supplies everyday but essential goods and services that keep us safe and civilized, needed for social and economic functioning and wellbeing’. This includes sectors such as, construction, hospitality and leisure, retail, education, childcare, health, and social care, among others. By identifying the challenges and opportunities within these sectors, we aim to create a programme that supports businesses in the Foundational Economy and creates fair work opportunities for local residents. This includes tailoring local business support services to better meet the needs of Foundational Economy businesses. Additionally, we will create a Challenge Fund, offering grants to businesses and organisations working within GCR’s ‘Foundational Economy’ to support the testing of new innovative ideas and help businesses become more resilient. If you require any additional information about this survey or would like the survey in an alternative format or community languages, please contact: christina.kopanou@glasgow.gov.uk.

Ranked: Countries With the Most Millionaires and Billionaires https://ift.tt/7Qq8WoJ See this visualization first on the Voronoi app. Ranked: Countries With the Most Millionaires and Billionaires 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. This graphic lists the top 12 countries by number of high net worth individuals (HNWIs). An HNWI is someone with liquid investable wealth of $1 million USD or more. Importantly this excludes assets such as primary residences from counting towards wealth. Data for this graphic is sourced from the Henley Private Wealth Migration Report 2024. Where Do the Wealthy Live? The U.S. leads the world with a massive millionaire (>$1 million USD) population of 5,492,400. To put this into perspective, the U.S. has more millionaires than Ireland has people. Unsurprisingly, America also has the most centi-millionaires (9,850) and billionaires (788) as well. Country Millionaires (USD 1M+) Centi-millionaires (USD 100M+) Billionaires (USD 1B+) U.S. 5,492,400 9,850 788 China 862,400 2,352 305 Germany 806,100 1,075 82 Japan 754,800 748 39 UK 602,500 830 75 France 506,000 605 55 Switzerland 427,700 730 40 Australia 383,300 463 48 Canada 371,200 495 52 India 326,400 1,044 120 Italy 289,300 418 38 Singapore 244,800 336 30 Note: Data current to December, 2023. Far behind the U.S. in all three metrics, China is the next country with the most millionaires (862,400) and billionaires (305). However, despite ranking 11th in terms of millionaires, India has the world’s third-largest billionaire population (120). Economic size is a clear indication of a country’s propensity to having more numbers of high net worth individuals. Nine of the top 12 countries with the biggest wealthy populations are also the top 10 countries by gross domestic product. However, Switzerland and Singapore are two countries that punch above their weight, helped by their status as offshore financial centers. With their tax benefits, asset protection, and privacy, they tend to attract wealthy individuals at a higher rate. For smaller countries, attracting this outside wealth can dramatically increase economic activity. The post Ranked: Countries With the Most Millionaires and Billionaires appeared first on Visual Capitalist. INFO via Visual Capitalist https://ift.tt/G6TVCxL July 3, 2024 at 06:46AM