Worlds of Success Impacted by Culture, Attitude, Work Ethic, Location, Trends, and Even Luck

FACTS THAT MAY IMPACT SUCCESS AND WILL IMPACT OUR WORLD:

 

• Over 99 million people in the USA are over 50 years old.
• In 1900, 3.1 million people were over 65, and in 2010, 40.3 million Americans were over 65 years old.
• One in seven Americans is over the age of 65.
• In 2010 the 45-64 age group increased 31.5 percent. This group leads the way in large asset investments and ownership.
• Ages 25-44: this age group has been seeing a decrease in population trends.
• Ages 18-24:  increasing in population.
• Ages 18-33 (millennials) are now a powerful force for new restaurants, casual dining and new trend concepts in retail and food service.
• Baby boomers (born in 1946-1964) have large savings, assets, and influence on financial institutions. This group is being replaced in economic "consumer spending" by millennials. 

 

MILLENNIALS (BETWEEN THE AGES OF 18 AND 33 BORN BETWEEN 1982 AND 1997) ARE THE LARGEST LABOR POOL AND REPRESENT THE FUTURE OF AMERICA WITH 75 MILLION PEOPLE.

GENERATION X, (BETWEEN AGES OF 34 AND 55 BORN BETWEEN 1965 AND 1980) NUMBER 65.8 MILLION, ARE AFFLUENT, EDUCATED, ACTIVE CONSUMERS.

BOOMERS (BORN BETWEEN 1948 AND 1964) NUMBER 74.9 MILLION. THEY ARE THE MOST AFFLUENT, 80 PERCENT OWN THEIR HOMES AND THEY CONTROL A LARGE PERCENTAGE OF CASH SAVINGS.

THE SILENT GENERATION (BORN BETWEEN 1928-1945) NUMBER 3.7 MILLION, (reaching high end of mortality life span and decreasing in numbers).

 

Think about the social, economic and political implications of age, health and longevity.  

WE DO NOT HAVE ENOUGH PEOPLE COMING ALONG TO REPLACE THOSE THAT ARE PASSING ON EVERY YEAR.  WE ARE FACING A LONG-TERM LABOR SHORTAGE.

 NOW CONSIDER THIS:  

• Every year 1 million new immigrants come to the USA. The USA has long supplemented our labor needs by providing laws for easy immigration, making possible new immigrants' jobs.
• One in five births in the USA was to a woman born in another nation in 1999. Most of these are Hispanic American immigrants. The "Latin" based population is based on strong family values and cultural stability. 
• One half of all home owners in the USA are immigrants, and by 2010 80 percent of all first-time home buyers were immigrants. 

 

The people of the USA who are over the age of 65:

1. Own 77 percent of US personal assets.

2. Have 60 percent of the savings account balances in the USA.

3. Own 68 percent of all personal money market accounts.

4. Control 50 percent of common stock shares of the USA.

5. Get 42 percent of all after-tax income in the USA.

6. Own or control 80 percent more of "large financial assets such as big homes, buildings, land, companies, airplanes, boats, luxury second or third homes" assets, than the average person of the USA.

7. Have a net worth five times the average American. 

 

BUT, THOSE OF AGES 18-33 ARE SOUGHT AFTER FOR "new consumer spending." It is a market that advertisers see with great potential. (new cars, new houses, retail spending, shopping, consumer goods)

CONSIDER THE BABY BOOMERS:  Some of them were just lucky. They have lived long lives. Some had a work ethic and worked hard for lifetimes to achieve their wealth. Some were lucky to live in good locations of the USA, when property values skyrocketed. Some were raised with, and lived by, good ethics of honesty, hard work and ambition. Often the luck of location,  available education, economic trends and societal support makes a difference.  

Consider the difference between a person who lived most of his life in Texas or in California as prices and economics boomed.

* If the Texas economy GDP were considered a nation, Texas would be the ninth wealthiest nation on earth.

* Texas, California and New York have more millionaires than most nations.

* An average company executive in New York city earns over $500,000 to $1 million per year. An average executive in Texas earns $200,000 to $500,000.

* An average company executive in California earns $300,000 to $700,000. 

The same home in California, in Santa Monica, of 2,000 square feet will market for $3 million, and that same home can be purchased in Arkansas, Oklahoma, Kansas or Iowa for $200,000 or less. 

 

Mortality rates, clean air, clean water, and health standards vary with affluence in the USA.  Education, opportunity, crime: all are impacted by affluence or wealth. 

Lessons learned:

1. The old people have most of the money in the USA. This wealth will be redistributed with their deaths.
2. Pick a good location to live or to locate your family or company in for long-term financial opportunity.
3. Buy the best home you can buy, in the most attractive place you can find, as early as you can in life.
4. Learn to market to the segment of the economy that is coming on or is already controlling the wealth.
5. Notice that we have a labor shortage looming with more restrictions to immigration and figure out how to plan and handle this.
6. Notice that immigrants are not only a source of labor and a source of culture, but they are huge buyers of homes and cars and are fantastic consumers.
7. If you wish to be wealthy, the best thing you can to is let time work for you. Live long. Learn and teach your family and workers the value and importance of clean food, air, water, and healthy life styles. Save 5 percent-10 percent of every dollar you earn. 
8. Live by and teach good ethical and cultural standards of hard work, honesty, respect, and loyalty

 

THE FACE OF THE USA WILL BE DIFFERENT IN 50 YEARS.  

WILL IT BE A LAND OF GREATER DIVERSITY AND TOLERANCE?

WILL THIS BE A UNITED STATES OF AMERICA?  

WILL IT BE PROSPEROUS, HEALTHY AND A SAFE PLACE TO LIVE?

LOOK AT THE NUMBERS AND LEARN.  OUR COUNTRY HAS THE MOST POTENTIAL IT HAS EVER HAD IF:

WE TEACH THIS GENERATION AND FUTURE GENERATIONS HOW TO DREAM DREAMS AND HOW TO ACHIEVE THOSE DREAMS OF RESPECT, TOLERANCE AND WORKING TOGETHER AS AMERICANS.