According to research by PricewaterhouseCoopers (PWC), the credit crisis has wiped ¬£1.9 trillion off the average level of UK wealth since 2007. Whilst the amounts vary considerably, PWC believes that this equates to a reduction of ¬£40,000 for every UK adult over 18. This figure doesn‚Äôt even take into account the millions of retired people, not to mention those residing abroad, who no longer receive the income they once did due to falling interest rates. Economists estimate that over 50 trillion dollars of wealth was lost in 2008 alone. The loss in asset prices was led by the decline in property values. Full Story : Buylikebuffet.com….(Continue reading)
A consumer research by CMS Inc. revealed that middle- to upper-class white shoppers are the biggest users of coupons. Coupon use increase with consumer education level, users with Bachelor’s and Master’s degree use coupons a lot. Also households with incomes of $150,000 or more use coupons regularly. In 2007 alone 302 billion coupons offered by manufactures, at an average face value of $1.28 each. Less than 1 percent of them redeemed. Thomas Stanley author of Best seller “The Millionaire Next Door” found that¬† “being frugal is the cornerstone of wealth-building.”
Happiness buys money.
Studies have proved that people who are happy earn $750,000+ more in their lifetime than other people. Unlike the popular belief that money buys happiness the truth is other way around.(Continue reading)