Posts filed under “Wages & Income”
Source: The Economist
There are 12 million people on the planet that had investible assets of more than $1 million dollars.
Collectively, this group controls $46.2 trillion dollars (2012).
A quarter of them live in America (3.4m); followed by almost a sixth in Japan (1.9m) and a twelfth in Germany (over 1m). China and Great Britain round out the top 5.
All data via The Economist.
The Old Get Richer, but Not the Young click for bigger chart Courtesy NYT I have some good news and some bad news: The good news is that the total wealth of US households are slowly recovering from the credit crisis and Great Recession. The bad news is it has not been sufficient to keep…Read More
Click to enlarge ~~~ ~~~ Yammy: “The greatest issue plaguing the U.S. economic recovery is the dismal pace of real income and wage growth. As long as incomes do not keep up with the underlying rate of inflation, the economy cannot manage enough growth to foster job creation. Average hourly earnings were unchanged in…Read More
Last week, Bloomberg caused a minor stir with their story on C/NET founder Halsey Minor (How Halsey Minor Blew Tech Fortune on Way to Bankruptcy): “How do you sell the technology company you founded for $1.8 billion and five years later file for personal bankruptcy? For Halsey Minor, it may have been a fascination with…Read More
Source: Real Time Economics As the chart above shows, this is not an especially impressive recovery in terms of Real Disposable Income. As we have discussed, this is not your typical post-recession recovery — it is a post credit-crisis recovery, and thats why metrics such as GDP, Job creation, wages and even inflation…Read More
Click for interactive experience Source: Pew Research Center
Category: Wages & Income
Click to enlarge ~~~ Source: Gallup Some key data points: • The average retirement age has crept up by four years over the past two decades, from 57 in 1991 to the current 61 • The average nonretired American currently expects to retire at age 66, up from 60 in 1995. • More than half of nonretirees…Read More