DID YOU KNOW? These are the 5 most in-demand soft skills in 2019: Time Management, Adaptability, Collaboration, Persuasion, Creativity. (CNBC)
DID YOU KNOW? As soon as this year, employment of people over the age of 55 should peak, after which it should decline for the next 15 years. The same pattern - 23 years of growth for an age bracket followed by 15 years of decline - has played out for every other age bracket that baby boomers have passed through. The age 25 to 34 labor force grew from 1966 through 1989 then declined for about 15 years. The age 35 to 44 labor force grew from 1974 to 1997 then declined for about 15 years. For age 45 to 54
the growth period was from 1984 to 2007. And for age 55-plus the growth wave began in 1996. (Bloomberg)
DID YOU KNOW? Older investors, who also own the greatest percentage of equities than any other demographic, may opt for more risk aversion in the decade(s) to come. Over the past 4 weeks, redemptions totaled $164 billion, more than 1% of the money in stock and bond funds, according to Investment Company Institute data. Maybe safer to place that money in real estate? In 2001, 27.8 % of the U.S. population was 55 or older. This will grow to 35.4% in 2019. Yet many elderly people are working longer these days, especially the wealthy....
DID YOU KNOW? $ 1 trillion of China's $24 trillion wealth is held abroad. New tax policies may impact rich Chinese citizens including a new GIFT TAX of as much as 20%. In the past, the rich could avoid paying taxes on overseas earnings by acquiring a foreign passport/green card, while keeping their Chinese citizenship. This won’t work starting in January as the government will tax global income from all holders of "hukou" household registrations regardless of whether they have any additional nationalities. New property tax laws are in the works too. (Bloomberg)