This tag is associated with 26 posts

Canada – 28 to 34 year-olds are actually the wealthiest such generation in history Finances report says

28- to 34-year-olds are actually the wealthiest such generation in Canadian history says a new analysis from the federal Finance Department. “The current generation of young Canadians is, on average, wealthier than previous generations of young Canadians,” says the confidential report, though with some cautionary notes. “Young Canadians … born in the first half of the 1980s had … Continue reading

2,325 Billionaires, a record with $7.3 trillion in wealth

Billionaires make up 1% of the world’s ultra-high-net-worth population (net worth of $30 million or more), according to the Wealth-X and UBS Billionaire Census 2014, yet they control 4% of the world’s wealth. The global billionaire population grew to a record 2,325, up by 7% from the 2013 study, and is on track to increase … Continue reading

Wealth in US – Gains occurred only among households wealthier than the most wealthy 5%

Earlier this month the Federal Reserve reported that the minimum wealth needed to qualify for the wealthiest 5% of American households fell from 2010 to 2013.  The decline in the cutoff indicates that wealth gains occurred only among households wealthier than the most wealthy 5%. The growth in the nation’s wealth from $55 trillion in … Continue reading

Household Net Worth in US – A drop of 58 percent for Latinos, 48 percent for Asians, 45 percent for African Americans and 21 percent for whites

Despite overwhelming evidence that the racial wealth gap persists in the U.S., it remains a taboo topic in mainstream policy circles and most officials studiously avoid offering targeted solutions to help close this gap. However, this issue is ignored at our nation’s peril given the anticipated growth of racial and ethnic groups over the next … Continue reading

Great Britain – The wealthiest 10% of households owned 44% of total aggregate household wealth, the least wealthy half 9%

This chapter looks at total net wealth of private households in Great Britain. The definition of wealth used in this survey is an economic one: total wealth (gross) is the value of accumulated assets, and total wealth (net) is the value of accumulated assets minus the value of accumulated liabilities.  Total net wealth is defined … Continue reading

US – Back to early 20th century wealth concentration levels at the very top finds research

Income inequality has increased sharply since the 1980s yet surveys show modest increase in wealth concentration One possible explanation: rising inequality is a pure labor income phenomenon – Rise in top incomes due to top wage earners/entrepreneurs only – The working rich may not have had enough time to accumulate – Or they may have … Continue reading

The 10 nations with the highest total number of millionaire households

These countries were then compared to countries with the highest numbers of households with more than $100 million in AuM, as well as each country’s GDP Continue reading

Canada / Women and immigrants are the new millionaires

Almost half of Canada’s richest residents are new immigrants or first generation Canadians, according to research conducted for BMO. The survey found that two-thirds of Canada’s millionaire respondents were self-made, with only 20 per cent attributing at least part of their wealth to an inheritance. And 48 per cent were either immigrants to Canada (24 … Continue reading

Offshore Wealth / Switzerland the top destination

Offshore wealth, defined as assets booked in a country where the investor has no legal residence or tax domicile, rose by 6.1 percent in 2012 to $8.5 trillion, with Western Europe the predominant source and Switzerland the most popular destination. (See the exhibit below.) Despite this increase, stronger growth in onshore wealth led to a … Continue reading

The Top 1% / 39% Of The World’s Wealth

The wealthiest 1 percent now control 39 percent of the world’s wealth, and their share is likely to grow in the coming years, according to a new report. The world’s total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group’s Global Wealth report. The top 1 percent control … Continue reading

US / The Uneven Recovery: Only the Top 7% get A Rise in Wealth

During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau … Continue reading

The Impact of Wealth on Health Behaviors: a research paper

‘Unhealthy lifestyles and unhealthy consumption are more prevalent among the poor, and account for a large fraction of the substantial socioeconomic disparities in health’ write Hans van Kippersluis and Titus J. Galama in Why the Rich Drink More but Smoke Less: The Impact of Wealth on Health Behaviors on rand.org. (Adapted excerpts by Job Market Monitor to follow) The paper … Continue reading

US / The Top 20% Own 72%; The Bottom 20%, 3%

The growing disparity in wealth made the great recession worse and the recovery weaker than ever before. This nation’s wealth disparity widened more than ever before over the last five years because of the steep decline in the value of residential homes and stagnant wages for the lower and middle income groups in the U.S., … Continue reading

US / Younger Generations Lag Parents in Building Wealth

A new study from the Urban Institute finds that Younger Generations up to roughly age 40 have accrued less wealth than their parents did at the same age, even as the average wealth of Americans has doubled over the last quarter-century. Because wealth compounds over long periods of time — a dollar saved 10 years … Continue reading

Basic Skills / Financial Literacy to Fix America’s Wealth Inequality

The math of wealth is actually pretty simple: It all boils down to four things: 1. How much you start with, 2. How much income you make, 3. How much of your income you save, and 4. How good of a rate of return you get on your savings. So one obvious thing we could … Continue reading

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter