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Who benefits from covid?

While most of the world suffers death, illness, job losses, and pay cuts, the super rich are getting richer. In fact, billionaires’ wealth has hit a new high, increasing by more than a quarter during the height of the pandemic. Just over two thousand people now control more than ten trillion dollars.

Ten trillion dollars is around half of the United States GDP. Just under the entire GDP of China, or double the GDP of Japan.

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When can I retire?

When it comes to talking about retirement, it surprises me how often I hear people say things such as ‘the government won’t let me retire until I’m 65’. Or, ‘by the time we’re ready to retire, they’ll have pushed it back to 70’.

But there’s no reason to assume that your retirement age will be the same as your superannuation preservation age or your pension eligibility age.

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Are you worth more than Donald Trump?

I’m not talking about personal value here, but net worth.
The net worth of the richest people can be fascinating. Bill gates has $86 billion. Warren Buffett, coming in at #2 on the list, has $75.6. But has anyone’s net worth been discussed as much over the past year as Donald Trump’s?

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Where should kids learn about money?

Like language, money is a symbolic system we use to communicate with each other. Kids’ exposure and sensitivity to language begins early, and the same may be true of money. The majority of opinions agree financial education ‘begins with children – the younger the better’. In the last post, we looked at what an important role financial education and family background has in influencing outcomes in life.

But where do – and where should – kids learn about money?

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