The Best Decade
You may remember, our Net Worth in the third quarter of 2009 was negative. Yep, America was upside down.
Not now. We are setting Wealth records every day: How’s net worth of $113 trillion sound? Unimaginable – how many zeros is that?
That’s not all. The United Nations in their Human Development Report which, is oriented towards inequality in world societies, nevertheless affirms: “The 21st century has witnessed great progress in living standards, with an unprecedented number of people around the world making a “great escape” from hunger, disease and poverty—moving above minimum subsistence, still, many people have been left behind.”
And, The World Bank: “The percentage of people living in extreme poverty globally fell to a new low of 10 percent in 2015 — the latest number available — down from 11 percent in 2013, reflecting steady but slowing progress, World Bank data show. The number of people living on less than $1.90 a day fell during this period by 68 million to 736 million.”
Despite all of the negative news regarding a declining environment, according to Our World in Data, deaths from indoor and outdoor pollution have declined to 11.6% as a percentage of total deaths, from 12.6% in the 90’s, from 11.7 in 2010, all while industrial production has increased.
Life Expectancy, according to the United Nations, has reached unprecedented levels. In 2017 worldwide life expectancy exceeded 71 years of age. “Global Health and Well-Being”, comprises targets that contribute directly to rising life expectancy.”
As a contrast, those societies in a quagmire in socialism, communism, and totalitarianism, for the most part, have suffered in every category previously noted in these observations.
Hey y’all let’s get going on this decade…. Happy New Year
Our portfolios are fully invested.
Carlos Dominguez – CERTIFIED FINANCIAL PLANNER™, Portfolio Manager, RJFS
When you get a minute try out our risk discovery tool – tell your friends
https://windsorwealth.management/my-risk-o-meter/
Sources:
https://www.federalreserve.gov/releases/z1/dataviz/z1/balance_sheet/table/
https://ourworldindata.org/air-pollution-post
Graph courtesy of Windsor Wealth from data provided by The Federal Reserve Bank
Links are provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. The preceding information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Carlos Dominguez and not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. Investing always involves risk.
My-Risk-O-Meter® is a registered trademark of Windsor Wealth, LLC. #5,675,451