- Oct 4, 2006
- 2,344
- Boat Info
- 2006 300DA Sundancer
- Engines
- 350 Mags / Bravo III
I think it was John C. Maxwell (leadership speaker) that said, "Money isn't everything, but it makes misery easier to deal with".
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According to a study done in 2006 99.87% of the worlds population are not millionaires. Millionaire defined as Financial Assets not including home. The group of millionaires grew 6.5% in 2005. In the USA the largest percentage of millionaires aquired there wealth from wage income.Entitlement society....seems to be eroding the old ethic.
Oil and gas patch has been very good to me and the millions of other oil field trash that support their families and lifestyles via some connection to hydrocarbons. Through flush times and crash times.
I think I read somewhere that less than 10% of US citizens had net taxable incomes over $250K annually. So is that 'rich' by everyone's perception who isn't over that mark?
The important point IMHO with boats, as one example, is the amount of disposable income one has determines in large amount the size of the boat. Disposable income makes oil pricing moot at a certain level. But it's a poor man who judges others by the size of their dinghy.
What's very interesting is that a very large amount of money is tied up in US by a very small percentage of people. But hasn't it always been that way? Gotta go search for the stats on the percentage of very wealthy people over the years, is it growing as a percentage of population?
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