We Are Concerned for Earthly Gains and Material Wealth
Out of the eight billion (and a half) people on the planet, how many spend their time counting money, measuring the data about wealth, planning, controlling, and accounting for payments, investments, and money flows? There are the investment bankers, management portfolios advisers, accountants, comptrollers, banking consultants, economic officers at all levels. I am missing a bunch of titles.
There are government economists, like the Federal Reserve Chairman, there are academic economists, that discover new ways to invest or plan the budgets of the governments and other commercial enterprises of the world.
Accountaints make sure that the money is fairly distributed, or that it goes to the places that the owners want it to.
Budgetary officers, watch dogs, e.ven the consumer price trackers.
Follow the money.
Investors and day traders, market traders.
Then there are people who perform labors.
The rest of us who render services or produce goods or commodities that generate the profits and monies.
What are we?
Actuaries are a type of economic expert who does analysis on money and investments, how to leverage profits.
White collar workers. Crunching numbers.
Judging the markets and putting money in the right places.
Fewer than 1% of workers make their full living exclusively by trading or investing full-time (such as day trading or full-time private investing), while only the top fraction of a percent (the top 0.1% of households) derive the vast majority of their overall income from investments. [1, 2]
General Investing vs. Making a Living
- Stock Ownership: About 62% of American adults own stock, largely through retirement accounts like 401(k)s, but this is a tool for long-term savings rather than daily primary income. [1]
- Income Source: According to Brookings Institution and IRS data analysis cited by CNBC, the bottom 80% of U.S. households receive over 93% of their income from wages and retirement distributions, not active investing. [1]
- Day Trading Success: Statistics on independent retail day traders show that only about 4% successfully make a full living from trading. [1]
- Top Earners: Only the top 0.1% of ultra-wealthy households receive the majority (>75%) of their earnings from capital gains, dividends, and interest rather than wages. [1]
No comments:
Post a Comment