A large portion of affluent Generation Y attains their wealth from their parents—but they may not be on track for it in the future, according to Digitas‘ study “Affluence in America: The Next Generation.” Affluent and Aspiring Children spend between two and four times their own income, due to access to their parents’ wealth.Many of … Read more
Top 10 Wealth Density Countries Monaco Tops First Ultra High Net Worth Wealth Density List While 60% of the top 10 Wealth Density Countries are in Europe, a surprising 30% are located in Asia. Traditional wealth centres dominated as Monaco took top spot with 55 UHNWIs to be found per 10,000 citizens. The dominance continued … Read more
What attributes are important among people selling them high-end goods? The most important attribute is knowledge, cited by 72% of respondents of the new Experiences With Luxury Salespeople WealthSurvey from the independent New York-based Luxury Institute. Respondents are wealthy shoppers with minimum annual income of $150,000reported average income of $310,000 and average net worth of … Read more
Bloomberg Billionaires Index Tracks Daily Wealth Bloomberg launched “Bloomberg Billionaires Index,” – a daily global ranking of the richest people with access to each billionaire’s profile. “The index is a dynamic measure of the world’s wealthy based on changes in markets, the economy and Bloomberg reporting. Each net-worth figure is updated every business day at … Read more