Specialization is for Insects.
It goes without the saying that comparing wealth and spending in different countries is almost impossible: people work, earn and even spend differently – moreover, their ways of life and views can be too different to compare.
However, we still try to compare because people move around the world and they want to know what they can expect in different corners of the globe.
Here are the 10 greatest examples of information graphics comparing money, spending and earning around the world:
Today the New York Stock Exchange had a record setting day… in a very bad way. Without warning and in a period spanning just one minute, the market lost a combined $60 Billion in just the top 30 blue chip companies. That’s with a “B” folks.
The Associated Press said the following:
Stocks Have Worst Day Since 9/11 Attacks: Dow Down 416, Nasdaq Drop 97 on Global Market Plunge
NEW YORK (AP) — Stocks had their worst day of trading since the Sept. 11, 2001, terrorist attacks Tuesday, hurtling the Dow Jones industrials down more than 400 points on a worldwide tide of concern that the U.S. and Chinese economies are stumbling and that share prices have become overinflated.
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Nitroglycerin is volatile. So are markets, all markets. Always have been, always will be. In 2000 the stock market took a nose dive, just as it has, on average, every 7 years since they opened the doors of the NYSE.
Spinach farmers can tell you a thing or two about volatility with the recent food poisoning scare that came out of California. And a lot of people have a lifetimes worth of experience with making and losing money on real estate.
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Ok. I’m not ready to start thinking about Social Security just yet, but my parents are. So I attended an education seminar put on by my financial advisers which included a presentation by Tom Clark from the Social Security Administration.
The following are the Cliff Notes from Tom’s very informative lecture.
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