Modern Wealth Management’s Post

Powerful insights ahead! This article by Ana Kent and Lowell Ricketts of Federal Reserve Bank of St. Louis, delves deep into the statistics surrounding the racial wealth gap, shedding light on the systemic disparities that persist. Understanding these numbers is the first step toward meaningful change. Let's come together to address this issue and work towards a more equitable future. #RacialWealthGap #DataDrivenChange #SocialJustice Check it out here: https://lnkd.in/gR34Pu6J

Fiduciary’s Head of Wealth Management, Sid Queler, highlights how the global economy and financial markets are affected by the aging population in our latest insight: https://lnkd.in/eEGS4Jcw

💡New Research Alert 💡 An Aspen FSP analysis found that less wealthy households saw their median wealth increase by 88% during the pandemic. It’s a huge gain, but we can’t stop here. Our New Wealth Agenda Progress Report shows that many Americans, including young people, renters, and households of color, still lack the net worth to be financially secure. For example, median white household wealth was 8 times greater than median Black household wealth in 2019; that ratio fell to 6.5 in 2022. More work is needed to reduce the ongoing racial wealth gap in the U.S. Learn how we can build wealth for all Americans in our report: https://ow.ly/yrZw50TR8VQ

America’s Income Distribution in 2024 In 2023, the median income was $80,060, placing families earning $53,000–$161,000 in the middle-class bracket, or about 40% of all U.S. households. Why does it matter today? Because of their collective disposable income, a strong middle class provides a stable consumer base that drives productive investment and economic growth. #middleclass #economy #incomedistribution

🌎 Shifts in Global Wealth Distribution (2000-2023) The world’s wealth landscape has transformed significantly over the last two decades. Here are some key changes: The share of adults with <$10,000 in wealth decreased from 75% to 40%. Those with $10,000–$100,000 now make up 43% of the population, showing substantial growth. Millionaires have doubled since 2000 but still represent only 2% of adults. North America and the Middle East saw the highest millionaire growth rates. 👉 Read more: Visual Capitalist https://lnkd.in/dZmEXQ57

Fiduciary’s Head of Wealth Management, Sid Queler, highlights how the global economy and financial markets are affected by the aging population in our latest insight: https://lnkd.in/etAY3yzS

Despite inflation and high interest rates, Gen Z Americans remain optimistic, with 55% believing that it is easier to achieve generational wealth now than it used to be. Which path does Gen Z view as the best way to achieve generational wealth, and how do their perspectives compare to other groups of Americans? Download the report to find out: https://okt.to/CpiTS2

Despite inflation and high interest rates, Gen Z Americans remain optimistic, with 55% believing that it is easier to achieve generational wealth now than it used to be.  Which path does Gen Z view as the best way to achieve generational wealth, and how do their perspectives compare to other groups of Americans?  Download the report to find out: https://lnkd.in/g34YV3Mh 

“People want to invest but generally can’t” was the main takeaway of CNBC’s latest Youth & Money Survey, which shed more light on the dire financial situation Millennials and Gen Z face at the start of 2024. “They’re cutting costs, they’re tipping less, they’re trying to spend less eating out […] living with parents […] they’re not acting like the economy is as good as it is,” according to Cyrus Beschloss, founder of The Generation Lab, a research firm that administered CNBC’s survey. ✅ Read more: https://lnkd.in/dqi2ygX4 #investing