Post
Topic
Board Economics
Re: 62% of New Millionaires come from Asia
by
thebigtalk
on 24/06/2015, 04:12:28 UTC
The Asia-Pacific region led by China is quickly catching up to the West in terms of wealth.

With the accelerating pace of innovation in mobile communications and fintech, the region
is expected to not only leapfrog the US & Europe by 2019, but also integrate millions
of unbanked people into the global economy.

I actually think it may happen sooner than that, what do you reckon?

Ofcourse. Asia is one of the biggest continent. You don't expect America or Europe to have tons of millionaires in its residence. Compare Asia's hidden treasures to US economy, all hidden golds and treasures around it, the fossil fuel etc.. Think of that for starters. Now think how smart asians are. Indians are very good in formulas and algorithms and US workers always hire other races to work under them. From their brilliant minds, they'll be able to invent something that will make them rich. I don't even think 62% is the right percentage. It's way more than that.