http://hypoventurecapital-financialideas.com/?p=54
The cumulative wealth of the world’s richest households will more than double, to $202 trillion over the next ten years, according to a study conducted by the Deloitte Center for Financial Services and Oxford Economics.
Based on data from 25 developed and developing economies, the number of households in those countries with more than $1 million in wealth will increase from 37,978 at the end of last year to 65,521 by 2020. Their wealth holdings, which include financial assets (stocks, bonds and other investments,), as well as non-financial assets (primary residences, durables, business equity and other assets), will more than double from $92 trillion to $202 trillion.
The projections are based on a breakdown of current wealth holdings, projected global growth rates, interest rates, asset prices, and investing patterns of the countries in question. The estimates are based on data from the Oxford Economics Global Model.
Not surprisingly, fast-growing emerging economies such as China, Brazil and India will experience the fastest growth in millionaires’ wealth. For example, the number of millionaire households in China is projected to grow from 1.312 million to 2.5 million by 2020 — and the total wealth they hold will rise from $1.67 trillion to $8.24 trillion. (See: The five countries with the most ultrahigh-net-worth investors in 2020)
The total wealth in emerging markets households will rise by 260% in the next ten years, versus a projected growth rate of 107% in the developed countries, the study predicts.
Nevertheless, the vast amount of wealth currently in the developed countries will assure that those countries continue to amass more wealth, albeit at a slower rate than in developing countries.
“Financial advisory firms in the U.S. and Europe who overlook their home bases will do so at their own peril,” said Andrew Freeman, executive director of the Deloitte Center for Financial Services. “It’s the law of large numbers. With the big base of wealth in the U.S. and Europe, the effect of 4% to 5% compounding over ten years generates huge numbers.”
The United States is expected to have 20.6 million households with more than $1 million dollars in wealth by 2020 — compared to 10.5 million today.
The total wealth of these households will rise from $38.6 trillion to $87.1 trillion.
The U.S. currently has 496,000 households with more than $30 million in wealth, more than ten times the next closest country—China, which has 46,000.
This number of ultrahigh-net-worth in the U.S. is forecast to climb to 620,000 in ten years, versus 327,000 in China.
While U.S. millionaires’ wealth as a percentage of global millionaires’ wealth dropped from 55% in 2000 to 42% in 2011, it is projected to increase to 43% in 2020.
It is not simply the large base of wealth in the U.S. that assures its continued growth but also the range of choices that Americans have in terms of where to invest. “Where the wealth is generated is different from where it’s invested,” said Mr. Freeman. “Investors in developed countries have access to a much wider range of asset classes than households in developing countries.
Within the United States, Connecticut currently has the highest density of millionaire households (14.2%) in the country, but New Jersey is projected to have the highest (24.6%) in 2020. California, Texas, New York and Florida (in that order), are projected to have the greatest number of millionaire households in 2020.
Arizona and Nevada will likely experience the greatest growth in the number of millionaire households between 2009 and 2015.
Showing posts with label Tips and Updates. Show all posts
Showing posts with label Tips and Updates. Show all posts
Sunday, May 15, 2011
Hypo Venture Capital Zurich Headlines: Poll: Economy fears temper Obama’s bin Laden bump
http://hypoventurecapital-financialideas.com/?p=56
What has changed for the president since the raid at bin Laden’s compound: The number of respondents seeing Obama as a strong leader and a good commander in chief has spiked, and public opion for his handling of the war in Afghanistan jumped to an all-time high.
But here’s what hasn’t changed: Just a third of Americans believe the country is headed in the right direction; less than four in 10 approve of Obama’s handling of the U.S. economy; and nearly 70 percent think the economy will get worse or stay the same in the next year.
“This is a poll that should both fortify the president and frighten the president as he looks ahead to re-election,” said Democratic pollster Peter D. Hart, who conducted this survey with Republican pollster Bill McInturff.
Obama’s overall job-approval rating stands at 52 percent, a three-point increase from an NBC News/Wall Street Journal poll released a month ago. Forty-one percent say they disapprove of the president’s job, representing a drop of four points.
Looking ahead to next year’s presidential election, 45 percent said they would probably vote for Obama (a two-point rise from April), versus 30 percent who would probably vote for the eventual Republican nominee (an eight-point decrease).
Obama’s anchor: the economy
Why the modest increase for the president after the momentous — and historic — event of bin Laden’s death?
It’s the economy.
Only 37 percent approve of the president’s handling of the economy, while 58 percent disapprove.
Also, just 31 percent believe the economy will improve in the next 12 months, compared with 43 percent who think it will stay the same and another 25 percent who say it will get worse.
These economic numbers, GOP pollster McInturff says, underscore the “tremendous anchor the economy is to the president’s job standing.”
The survey — which was conducted May 5-7 among 800 adults (100 reached by cell phone), and which has a margin of error of plus-minus 3.5 percentage points — comes amid good and bad economic news.
The good: The U.S. economy added 268,000 private-sector jobs in April, the most since 2006. The bad: Average gasoline prices have reached nearly $4 per gallon, and the unemployment rate increased from 8.8 percent to 9.0 percent.
The president’s national-security bump
Where Obama did see a significant jump in his poll numbers were on questions about leadership, national security and foreign affairs.
According to the survey, 53 percent give the president high marks for his ability to handle a crisis (versus 44 percent last December), an equal 53 percent give him high marks for being firm and decisive (versus 41 percent last December), and 51 percent give him high marks for being a good commander in chief (versus 41 percent).
Hart, the Democratic pollster, explains that these stronger leadership numbers for Obama could become “a possible defining and tipping point” for an administration that wasn’t previously viewed this way.
What’s more, 57 percent approve of Obama’s foreign-policy handling, which is tied with his all-time high on this question.
And 56 percent approve of his handling of the Afghanistan war — his highest score since becoming president.
It isn’t time to withdraw from Afghanistan
Yet the American public sends this overwhelming message when it comes to Afghanistan: Now is not the time to withdraw U.S. troops after bin Laden’s death in nearby Pakistan.
A whopping 72 percent agree with the statement that the United States should keep troops in Afghanistan because bin Laden’s death doesn’t change the overall mission, and because the Taliban and al-Qaida still remain threats.
By comparison, just 20 percent agree with the statement that the United States should remove troops from Afghanistan because bin Laden’s death suggests that the Taliban and al-Qaida are now less of a danger to American interests and U.S. military presence is no longer necessary in that country.
Asked another way, 52 percent approve of President Obama’s call for U.S. troops to stay in Afghanistan until 2014 — though he has said they’ll begin coming home this summer — while 46 percent disapprove.
Respondents to the poll also appeared to have a slight uptick in their level of confidence that the war in Afghanistan will come to a successful conclusion. About 38 percent say they are more confident about the outcome of the conflict (up seven percent from April), while 50 percent still say they are less confident (down 10 points from April.)
Expecting future terrorist attacks
While the public may be more optimistic about the president’s leadership on foreign policy and the war, they are still bracing for potential terrorist attacks on American soil.
A combined 52 percent say they are “very worried” or “fairly worried” about another major terrorist attack in the United States. Also, a combined 78 percent say the country is “very likely” or “somewhat likely” to be a target of a major terrorist attack at home or overseas.
And 39 percent believe bin Laden’s death will make it easier to win the global war on terrorism, compared with 38 percent who say it won’t affect it and another 15 percent who think it will make it harder.
WASHINGTON — In the days after Barack Obama ordered the successful mission to kill Osama bin Laden, the president’s approval rating on foreign policy issues reached an all-time high, even as public opinion regarding his handling of the economy sunk to the lowest point of his administration, according to a new NBC News poll.
The survey shows a mixed picture for Obama, whose overall job-approval rating was bumped higher by a modest three points after the al-Qaida leader’s death was announced late Sunday.What has changed for the president since the raid at bin Laden’s compound: The number of respondents seeing Obama as a strong leader and a good commander in chief has spiked, and public opion for his handling of the war in Afghanistan jumped to an all-time high.
But here’s what hasn’t changed: Just a third of Americans believe the country is headed in the right direction; less than four in 10 approve of Obama’s handling of the U.S. economy; and nearly 70 percent think the economy will get worse or stay the same in the next year.
“This is a poll that should both fortify the president and frighten the president as he looks ahead to re-election,” said Democratic pollster Peter D. Hart, who conducted this survey with Republican pollster Bill McInturff.
Obama’s overall job-approval rating stands at 52 percent, a three-point increase from an NBC News/Wall Street Journal poll released a month ago. Forty-one percent say they disapprove of the president’s job, representing a drop of four points.
Looking ahead to next year’s presidential election, 45 percent said they would probably vote for Obama (a two-point rise from April), versus 30 percent who would probably vote for the eventual Republican nominee (an eight-point decrease).
Obama’s anchor: the economy
Why the modest increase for the president after the momentous — and historic — event of bin Laden’s death?
It’s the economy.
Only 37 percent approve of the president’s handling of the economy, while 58 percent disapprove.
Also, just 31 percent believe the economy will improve in the next 12 months, compared with 43 percent who think it will stay the same and another 25 percent who say it will get worse.
These economic numbers, GOP pollster McInturff says, underscore the “tremendous anchor the economy is to the president’s job standing.”
The survey — which was conducted May 5-7 among 800 adults (100 reached by cell phone), and which has a margin of error of plus-minus 3.5 percentage points — comes amid good and bad economic news.
The good: The U.S. economy added 268,000 private-sector jobs in April, the most since 2006. The bad: Average gasoline prices have reached nearly $4 per gallon, and the unemployment rate increased from 8.8 percent to 9.0 percent.
The president’s national-security bump
Where Obama did see a significant jump in his poll numbers were on questions about leadership, national security and foreign affairs.
According to the survey, 53 percent give the president high marks for his ability to handle a crisis (versus 44 percent last December), an equal 53 percent give him high marks for being firm and decisive (versus 41 percent last December), and 51 percent give him high marks for being a good commander in chief (versus 41 percent).
Hart, the Democratic pollster, explains that these stronger leadership numbers for Obama could become “a possible defining and tipping point” for an administration that wasn’t previously viewed this way.
What’s more, 57 percent approve of Obama’s foreign-policy handling, which is tied with his all-time high on this question.
And 56 percent approve of his handling of the Afghanistan war — his highest score since becoming president.
It isn’t time to withdraw from Afghanistan
Yet the American public sends this overwhelming message when it comes to Afghanistan: Now is not the time to withdraw U.S. troops after bin Laden’s death in nearby Pakistan.
A whopping 72 percent agree with the statement that the United States should keep troops in Afghanistan because bin Laden’s death doesn’t change the overall mission, and because the Taliban and al-Qaida still remain threats.
By comparison, just 20 percent agree with the statement that the United States should remove troops from Afghanistan because bin Laden’s death suggests that the Taliban and al-Qaida are now less of a danger to American interests and U.S. military presence is no longer necessary in that country.
Asked another way, 52 percent approve of President Obama’s call for U.S. troops to stay in Afghanistan until 2014 — though he has said they’ll begin coming home this summer — while 46 percent disapprove.
Respondents to the poll also appeared to have a slight uptick in their level of confidence that the war in Afghanistan will come to a successful conclusion. About 38 percent say they are more confident about the outcome of the conflict (up seven percent from April), while 50 percent still say they are less confident (down 10 points from April.)
Expecting future terrorist attacks
While the public may be more optimistic about the president’s leadership on foreign policy and the war, they are still bracing for potential terrorist attacks on American soil.
A combined 52 percent say they are “very worried” or “fairly worried” about another major terrorist attack in the United States. Also, a combined 78 percent say the country is “very likely” or “somewhat likely” to be a target of a major terrorist attack at home or overseas.
And 39 percent believe bin Laden’s death will make it easier to win the global war on terrorism, compared with 38 percent who say it won’t affect it and another 15 percent who think it will make it harder.
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