Millionaires versus poor
According to consultancy firm WealthInsight, the number of high net worth individuals (with assets of $1 million U.S. or more) in Canada grew to 422,000 in 2012, accounting for about 1.2 per cent of the population.
The U.S. was in first place, with 5.2 million millionaires compared to Canada’s 422,000.
According to the Luxembourg Income Study Database a family at the 20th percentile of the income distribution in the U.S. makes significantly less money than a similar family in Canada, Sweden, Norway, Finland or the Netherlands.
There are 60,900 millionaires in Sweden.
There are 54,810 dollar-millionaires in Norway.
Statistics show there are 45000 millionaires in Finland.
The Netherlands had 152 millionaire households at the end of 2011.
Tuesday, April 22, 2014
Monday, April 21, 2014
How to increase your chances of being poor.
How to increase your chances of being poor.
Being born to an unmarried couple.
More than 20% of children in single-parent families live in poverty long-term, compared with 2% of those raised in two-parent families, according to education-policy analyst Mitch Pearlstein's 2011 book "From Family Collapse to America's Decline."
70% of blacks, 30% of whites and 50% of Hispanics are born to an unmarried couple.
Being born to an unmarried couple.
More than 20% of children in single-parent families live in poverty long-term, compared with 2% of those raised in two-parent families, according to education-policy analyst Mitch Pearlstein's 2011 book "From Family Collapse to America's Decline."
70% of blacks, 30% of whites and 50% of Hispanics are born to an unmarried couple.
Sunday, April 20, 2014
Americans savings rate versus U.S government savings rate
Americans savings rate versus U.S government savings rate
Americans boosted their savings rate to 6.1% in 2009. But as the economy has mended, our inclination to save has waned, reaching just 4.5% last year.
The CBO, a nonpartisan agency that advises Congress on budget policy, forecast deficit for the 2014 is $492 billion, or $23 billion less than it estimated two months ago. That's equivalent to 2.8% of gross domestic product, marking the smallest deficit since 2007. Since 1980, the deficit has averaged roughly 3.2% of GDP.
Americans boosted their savings rate to 6.1% in 2009. But as the economy has mended, our inclination to save has waned, reaching just 4.5% last year.
The CBO, a nonpartisan agency that advises Congress on budget policy, forecast deficit for the 2014 is $492 billion, or $23 billion less than it estimated two months ago. That's equivalent to 2.8% of gross domestic product, marking the smallest deficit since 2007. Since 1980, the deficit has averaged roughly 3.2% of GDP.
Friday, April 18, 2014
How to spot an inflated price
How to spot an inflated price
Observing the Fed and hedge funds movements.
Observing the Fed and hedge funds movements.
Thursday, April 17, 2014
The progressive view of economy
The progressive view of economy
The total annual GDP in America (or the measure of U.S. total economy) is $14 trillion.
Over the next ten years, the “Better Off Budget” calls for tax increases totaling $6.6 trillion.
The "Better Off Budget" was produced by the House Progressive Caucus as an alternative to the budgets proposed by the Obama administration and by Rep. Paul Ryan, the Republican Party's chief budget architect in the House.
The total annual GDP in America (or the measure of U.S. total economy) is $14 trillion.
Over the next ten years, the “Better Off Budget” calls for tax increases totaling $6.6 trillion.
The "Better Off Budget" was produced by the House Progressive Caucus as an alternative to the budgets proposed by the Obama administration and by Rep. Paul Ryan, the Republican Party's chief budget architect in the House.
Tuesday, April 8, 2014
Why numbers don't matter arguing?
Why numbers don't matter arguing?
Because they are usually fake in an argument.
The "correct" math answer is usually incorrect in the real world.
Because they are usually fake in an argument.
The "correct" math answer is usually incorrect in the real world.
Monday, April 7, 2014
Why Small Business Are in Big Trouble.
Why Small Business Are in Big Trouble.
Because Corporate Cash Doesn't Alter Federal Reserve Policies
Because Corporate Cash Doesn't Alter Federal Reserve Policies
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