Visualizing the BRICS Expansion in 4 Charts
Visualizing the BRICS Expansion in 4 Charts
-------------------------------------------
BRICS is an association of five major countries including Brazil, Russia, India, China, and South Africa. Distinguished by their emerging economies, the group has sought to improve diplomatic coordination, reform global financial institutions, and ultimately serve as a counterbalance to Western hegemony.
On Aug. 24, 2023, BRICS announced that it would formally accept six new members at the start of 2024: Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE).
In this graphic, we provide a data-driven overview of how the BRICS expansion will grow the group’s influence and reach.
Share of Global GDP
-------------------
Because most of the new BRICS members are considered to be developing economies, their addition to the group will not have a major impact on its overall share of GDP.
The following table includes GDP projections for 2023, courtesy of the IMF.
The original six BRICS members are expected to have a combined GDP of $27.6 trillion in 2023, representing 26.3% of the global total. With the new members included, expected GDP climbs slightly to $30.8 trillion, enough for a 29.3% global share.
Share of Global Population
--------------------------
BRICS has always represented a major chunk of global population thanks to China and India, which are the only countries with over 1 billion people.
The two biggest populations being added to BRICS are Ethiopia (126.5 million) and Egypt (112.7 million). See the following table for population data from World Population Review, which is dated as of 2023.
It’s possible that BRICS could eventually surpass 50% of global population, as many more countries have expressed their desire to join.
Share of Oil Production
-----------------------
Although the world is trying to move away from fossil fuels, the global oil market is still incredibly large—and BRICS is set to play a much bigger role in it. This is mostly due to the admission of Saudi Arabia, which alone accounts for 12.9% of global oil production.
Based on 2022 figures from the Energy Institute Statistical Review of World Energy, BRICS’ share of oil production will grow from 20.4% to 43.1%.
Read details below
Visualizing the BRICS Expansion in 4 Charts
-------------------------------------------
BRICS is an association of five major countries including Brazil, Russia, India, China, and South Africa. Distinguished by their emerging economies, the group has sought to improve diplomatic coordination, reform global financial institutions, and ultimately serve as a counterbalance to Western hegemony.
On Aug. 24, 2023, BRICS announced that it would formally accept six new members at the start of 2024: Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates (UAE).
In this graphic, we provide a data-driven overview of how the BRICS expansion will grow the group’s influence and reach.
Share of Global GDP
-------------------
Because most of the new BRICS members are considered to be developing economies, their addition to the group will not have a major impact on its overall share of GDP.
The following table includes GDP projections for 2023, courtesy of the IMF.
The original six BRICS members are expected to have a combined GDP of $27.6 trillion in 2023, representing 26.3% of the global total. With the new members included, expected GDP climbs slightly to $30.8 trillion, enough for a 29.3% global share.
Share of Global Population
--------------------------
BRICS has always represented a major chunk of global population thanks to China and India, which are the only countries with over 1 billion people.
The two biggest populations being added to BRICS are Ethiopia (126.5 million) and Egypt (112.7 million). See the following table for population data from World Population Review, which is dated as of 2023.
It’s possible that BRICS could eventually surpass 50% of global population, as many more countries have expressed their desire to join.
Share of Oil Production
-----------------------
Although the world is trying to move away from fossil fuels, the global oil market is still incredibly large—and BRICS is set to play a much bigger role in it. This is mostly due to the admission of Saudi Arabia, which alone accounts for 12.9% of global oil production.
Based on 2022 figures from the Energy Institute Statistical Review of World Energy, BRICS’ share of oil production will grow from 20.4% to 43.1%.
Read details below
Telegraph
Visualizing the BRICS Expansion in 4 Charts
BRICS is an association of five major countries including Brazil, Russia, India, China, and South Africa. Distinguished by their emerging economies, the group has sought to improve diplomatic coordination, reform global financial institutions, and ultimately…
Graphene’s Market Ascension in 3 Visuals
Graphene’s Market Ascension in 3 Visuals
----------------------------------------
Did you know that a two-dimensional single sheet of graphene can support the weight of an elephant?
This wonder material has captivated researchers, industries, and innovators alike, propelling it from a laboratory marvel to a game-changing force for technology and manufacturing.
Sponsored by HydroGraph, this infographic provides an in-depth exploration of graphene’s standout attributes, its diverse range of types and applications, along with the material’s promising commercial trajectory.
Best-Selling Features of Graphene
---------------------------------
Industry stakeholders highly value this 2D material’s unparalleled properties.
The Graphene Council conducted a survey asking respondents how important each of the following properties is to them. This is how they responded, with numbers rounded to the nearest five percent:
These exceptional properties provide the material with a competitive edge and contribute to its meteoric rise in demand.
Most In-Demand Types of Graphene
--------------------------------
Different products require different forms of graphene beyond just its single-layer sheet structure.
Graphene oxide: A form of graphene modified with oxygen to enhance its dispersibility and mixability. This type of graphene is used in things like conductive inks and drug delivery.Graphene nanoplatelets: Theses are structures composed of multiple layers of two-dimensional graphene sheets stacked together, and are commonly used in structural materials and sound transducers.Mono & bilayer graphene: These comprise of one or two layers of 2D graphene sheets and can be beneficial for flexible display screens, energy storage devices, and water filtration systems.Other types include nanoribbons (nano-sized strips), quantum dots (fragments with quantum effects), and nanotubes (rolled-up sheets).
Graphene oxide is expected to have the highest commercial demand by 2030. Here are the market shares of each major type, according to Global Market Insights.
These future demand projections help serve as a compass for potential investors.
Towards Commercialization
-------------------------
Graphene’s path from discovery to commercialization brims with innovation, and further progress lies on the horizon. Here is a timeline to reflect that.
Read details below
Graphene’s Market Ascension in 3 Visuals
----------------------------------------
Did you know that a two-dimensional single sheet of graphene can support the weight of an elephant?
This wonder material has captivated researchers, industries, and innovators alike, propelling it from a laboratory marvel to a game-changing force for technology and manufacturing.
Sponsored by HydroGraph, this infographic provides an in-depth exploration of graphene’s standout attributes, its diverse range of types and applications, along with the material’s promising commercial trajectory.
Best-Selling Features of Graphene
---------------------------------
Industry stakeholders highly value this 2D material’s unparalleled properties.
The Graphene Council conducted a survey asking respondents how important each of the following properties is to them. This is how they responded, with numbers rounded to the nearest five percent:
These exceptional properties provide the material with a competitive edge and contribute to its meteoric rise in demand.
Most In-Demand Types of Graphene
--------------------------------
Different products require different forms of graphene beyond just its single-layer sheet structure.
Graphene oxide: A form of graphene modified with oxygen to enhance its dispersibility and mixability. This type of graphene is used in things like conductive inks and drug delivery.Graphene nanoplatelets: Theses are structures composed of multiple layers of two-dimensional graphene sheets stacked together, and are commonly used in structural materials and sound transducers.Mono & bilayer graphene: These comprise of one or two layers of 2D graphene sheets and can be beneficial for flexible display screens, energy storage devices, and water filtration systems.Other types include nanoribbons (nano-sized strips), quantum dots (fragments with quantum effects), and nanotubes (rolled-up sheets).
Graphene oxide is expected to have the highest commercial demand by 2030. Here are the market shares of each major type, according to Global Market Insights.
These future demand projections help serve as a compass for potential investors.
Towards Commercialization
-------------------------
Graphene’s path from discovery to commercialization brims with innovation, and further progress lies on the horizon. Here is a timeline to reflect that.
Read details below
Telegraph
Graphene’s Market Ascension in 3 Visuals
Did you know that a two-dimensional single sheet of graphene can support the weight of an elephant? This wonder material has captivated researchers, industries, and innovators alike, propelling it from a laboratory marvel to a game-changing force for technology…
The Anthropocene: A New Epoch in the Earth’s History
The Anthropocene: A New Epoch in the Earth’s History
----------------------------------------------------
Over the course of Earth’s history, there have been dramatic shifts in the landscape, climate, and biodiversity of the planet. And it is all archived underground.
Layers of the planet’s crust carry evidence of pivotal moments that changed the face of the Earth, such as the ice age and asteroid hits. And scientists have recently defined the next major epoch using this geological time scale—the Anthropocene.
In this infographic we dig deep into the Earth’s geological timeline to reveal the planet’s shift from one epoch to another, and the specific events that separate them.
Understanding the Geological Timeline
-----------------------------------------
The Earth’s geological history is divided into many distinct units, from eons to ages. The time span of each varies, since they’re dependent on major events like new species introduction, as well as how they fit into their parent units.
Note: Subepochs (between epochs and ages) have also been ratified for use in 2022, but are not yet clearly defined.
If we were to cut a mountain in half, we could notice layers representing these changing spans of time, marked by differences in chemical composition and accumulated sediment.
Some boundaries are so distinct and so widespread in the geologic record that they are known as “golden spikes.” Golden spikes can be climatic, magnetic, biological, or isotopic (chemical).
Earth’s Geological Timeline Leading Up to the Anthropocene
--------------------------------------------------------------
The Earth has gone through many epochs leading up to the modern Anthropocene.
These include epochs like the Early Devonian, which saw the dawn of the first early shell organisms 400 million years ago, and the three Jurassic epochs, which saw dinosaurs become the dominant terrestrial vertebrates.
Over the last 11,700 years, we have been living in the Holocene epoch, a relatively stable period that enabled human civilization to flourish. But after millennia of human activity, this epoch is quickly making way for the Anthropocene.
The Anthropocene is distinguished by a myriad of imprints on the Earth including the proliferation of plastic particles and a noticeable increase in carbon dioxide levels in sediments.
Read details below
The Anthropocene: A New Epoch in the Earth’s History
----------------------------------------------------
Over the course of Earth’s history, there have been dramatic shifts in the landscape, climate, and biodiversity of the planet. And it is all archived underground.
Layers of the planet’s crust carry evidence of pivotal moments that changed the face of the Earth, such as the ice age and asteroid hits. And scientists have recently defined the next major epoch using this geological time scale—the Anthropocene.
In this infographic we dig deep into the Earth’s geological timeline to reveal the planet’s shift from one epoch to another, and the specific events that separate them.
Understanding the Geological Timeline
-----------------------------------------
The Earth’s geological history is divided into many distinct units, from eons to ages. The time span of each varies, since they’re dependent on major events like new species introduction, as well as how they fit into their parent units.
Note: Subepochs (between epochs and ages) have also been ratified for use in 2022, but are not yet clearly defined.
If we were to cut a mountain in half, we could notice layers representing these changing spans of time, marked by differences in chemical composition and accumulated sediment.
Some boundaries are so distinct and so widespread in the geologic record that they are known as “golden spikes.” Golden spikes can be climatic, magnetic, biological, or isotopic (chemical).
Earth’s Geological Timeline Leading Up to the Anthropocene
--------------------------------------------------------------
The Earth has gone through many epochs leading up to the modern Anthropocene.
These include epochs like the Early Devonian, which saw the dawn of the first early shell organisms 400 million years ago, and the three Jurassic epochs, which saw dinosaurs become the dominant terrestrial vertebrates.
Over the last 11,700 years, we have been living in the Holocene epoch, a relatively stable period that enabled human civilization to flourish. But after millennia of human activity, this epoch is quickly making way for the Anthropocene.
The Anthropocene is distinguished by a myriad of imprints on the Earth including the proliferation of plastic particles and a noticeable increase in carbon dioxide levels in sediments.
Read details below
Telegraph
The Anthropocene: A New Epoch in the Earth’s History
Over the course of Earth’s history, there have been dramatic shifts in the landscape, climate, and biodiversity of the planet. And it is all archived underground. Layers of the planet’s crust carry evidence of pivotal moments that changed the face of the…
Tracking Antarctica Sea Ice Loss in 2023
Tracking Antarctica Sea Ice Loss in 2023
----------------------------------------
Scientists have been tracking the extent and concentrations of Antarctica’s sea ice for decades, and the last two years have raised global alarm bells.
As temperatures are breaking records around the world, the southernmost continent’s ice sheet is visibly smaller than it has been in decades past.
The above graphic uses tracking data from the National Oceanic and Atmospheric Administration (NOAA) and the National Snow and Ice Data Center (NSIDC) to visualize sea ice extent in Antarctica as of August 2023
How Much Ice Has Antarctica Lost?
---------------------------------
According to satellite data tracked by the NSIDC, sea ice extent in Antarctica has shrunk to record lows.
When compared to previously charted data dating back to 1979, daily record lows in sea ice extent have been recorded for every day in 2023 so far.
Here is how daily Antarctic sea ice extent in 2023 compares to 2022 (which had many of the previous record lows), and the median from 1981 to 2010.
Antarctica’s sea ice extent on August 24, 2023 was 1.42 million square kilometers smaller than the year before. When compared to the median extent for that date from 1980 to 2010, it was 2.07 million square kilometers smaller.
Keep in mind that July and August are the coldest months in Antarctica. Its position on the South Pole gives it a very long winter ranging from the end of February to the end of September, with ice building up before melting temperatures arrive in October.
Antarctica Sea Ice and the Rest of the World
--------------------------------------------
Even though the continent is thousands of kilometers from most of Earth’s land and populace, its ice has an important impact on the rest of the planet.
Antarctica’s large ice sheet is able to reflect a lot of sunlight in sunnier months, reducing the amount absorbed by the ocean. The wider its extent builds up over the winter, the more sunlight and heat it is able to reflect.
It’s also important to consider that this ice comes from a regular pattern of freezing and melting ocean water. The more ice is lost to the oceans compared to what accumulates in a given year, the higher sea levels rise around the world.
The post Tracking Antarctica Sea Ice Loss in 2023 appeared first on Visual Capitalist.
Read details below
Tracking Antarctica Sea Ice Loss in 2023
----------------------------------------
Scientists have been tracking the extent and concentrations of Antarctica’s sea ice for decades, and the last two years have raised global alarm bells.
As temperatures are breaking records around the world, the southernmost continent’s ice sheet is visibly smaller than it has been in decades past.
The above graphic uses tracking data from the National Oceanic and Atmospheric Administration (NOAA) and the National Snow and Ice Data Center (NSIDC) to visualize sea ice extent in Antarctica as of August 2023
How Much Ice Has Antarctica Lost?
---------------------------------
According to satellite data tracked by the NSIDC, sea ice extent in Antarctica has shrunk to record lows.
When compared to previously charted data dating back to 1979, daily record lows in sea ice extent have been recorded for every day in 2023 so far.
Here is how daily Antarctic sea ice extent in 2023 compares to 2022 (which had many of the previous record lows), and the median from 1981 to 2010.
Antarctica’s sea ice extent on August 24, 2023 was 1.42 million square kilometers smaller than the year before. When compared to the median extent for that date from 1980 to 2010, it was 2.07 million square kilometers smaller.
Keep in mind that July and August are the coldest months in Antarctica. Its position on the South Pole gives it a very long winter ranging from the end of February to the end of September, with ice building up before melting temperatures arrive in October.
Antarctica Sea Ice and the Rest of the World
--------------------------------------------
Even though the continent is thousands of kilometers from most of Earth’s land and populace, its ice has an important impact on the rest of the planet.
Antarctica’s large ice sheet is able to reflect a lot of sunlight in sunnier months, reducing the amount absorbed by the ocean. The wider its extent builds up over the winter, the more sunlight and heat it is able to reflect.
It’s also important to consider that this ice comes from a regular pattern of freezing and melting ocean water. The more ice is lost to the oceans compared to what accumulates in a given year, the higher sea levels rise around the world.
The post Tracking Antarctica Sea Ice Loss in 2023 appeared first on Visual Capitalist.
Read details below
Telegraph
Tracking Antarctica Sea Ice Loss in 2023
Scientists have been tracking the extent and concentrations of Antarctica’s sea ice for decades, and the last two years have raised global alarm bells. As temperatures are breaking records around the world, the southernmost continent’s ice sheet is visibly…
AI vs. Humans: Which Performs Certain Skills Better?
AI vs. Humans: Which Performs Certain Skills Better?
----------------------------------------------------
With ChatGPT’s explosive rise, AI has been making its presence felt for the masses, especially in traditional bastions of human capabilities—reading comprehension, speech recognition and image identification.
In fact, in the chart above it’s clear that AI has surpassed human performance in quite a few areas, and looks set to overtake humans elsewhere.
How Performance Gets Tested
---------------------------
Using data from Contextual AI, we visualize how quickly AI models have started to beat database benchmarks, as well as whether or not they’ve yet reached human levels of skill.
Each database is devised around a certain skill, like handwriting recognition, language understanding, or reading comprehension, while each percentage score contrasts with the following benchmarks:
0% or “maximally performing baseline”
This is equal to the best-known performance by AI at the time of dataset creation.100%
This mark is equal to human performance on the dataset.By creating a scale between these two points, the progress of AI models on each dataset could be tracked. Each point on a line signifies a best result and as the line trends upwards, AI models get closer and closer to matching human performance.
Below is a table of when AI started matching human performance across all eight skills:
A key observation from the chart is how much progress has been made since 2010. In fact many of these databases—like SQuAD, GLUE, and HellaSwag—didn’t exist before 2015.
In response to benchmarks being rendered obsolete, some of the newer databases are constantly being updated with new and relevant data points. This is why AI models technically haven’t matched human performance in some areas (grade school math and code generation) yet—though they are well on their way.
What’s Led to AI Outperforming Humans?
--------------------------------------
But what has led to such speedy growth in AI’s abilities in the last few years?
Thanks to revolutions in computing power, data availability, and better algorithms, AI models are faster, have bigger datasets to learn from, and are optimized for efficiency compared to even a decade ago.
This is why headlines routinely talk about AI language models matching or beating human performance on standardized tests.
Read details below
AI vs. Humans: Which Performs Certain Skills Better?
----------------------------------------------------
With ChatGPT’s explosive rise, AI has been making its presence felt for the masses, especially in traditional bastions of human capabilities—reading comprehension, speech recognition and image identification.
In fact, in the chart above it’s clear that AI has surpassed human performance in quite a few areas, and looks set to overtake humans elsewhere.
How Performance Gets Tested
---------------------------
Using data from Contextual AI, we visualize how quickly AI models have started to beat database benchmarks, as well as whether or not they’ve yet reached human levels of skill.
Each database is devised around a certain skill, like handwriting recognition, language understanding, or reading comprehension, while each percentage score contrasts with the following benchmarks:
0% or “maximally performing baseline”
This is equal to the best-known performance by AI at the time of dataset creation.100%
This mark is equal to human performance on the dataset.By creating a scale between these two points, the progress of AI models on each dataset could be tracked. Each point on a line signifies a best result and as the line trends upwards, AI models get closer and closer to matching human performance.
Below is a table of when AI started matching human performance across all eight skills:
A key observation from the chart is how much progress has been made since 2010. In fact many of these databases—like SQuAD, GLUE, and HellaSwag—didn’t exist before 2015.
In response to benchmarks being rendered obsolete, some of the newer databases are constantly being updated with new and relevant data points. This is why AI models technically haven’t matched human performance in some areas (grade school math and code generation) yet—though they are well on their way.
What’s Led to AI Outperforming Humans?
--------------------------------------
But what has led to such speedy growth in AI’s abilities in the last few years?
Thanks to revolutions in computing power, data availability, and better algorithms, AI models are faster, have bigger datasets to learn from, and are optimized for efficiency compared to even a decade ago.
This is why headlines routinely talk about AI language models matching or beating human performance on standardized tests.
Read details below
Telegraph
AI vs. Humans: Which Performs Certain Skills Better?
With ChatGPT’s explosive rise, AI has been making its presence felt for the masses, especially in traditional bastions of human capabilities—reading comprehension, speech recognition and image identification. In fact, in the chart above it’s clear that AI…
Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales
Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales
-------------------------------------------------
Nvidia has become an early winner of the generative AI boom.
The company reported record revenue in its second quarter earnings report, with sales of AI chips playing a large role. If we compare to other American competitors, what do the AI chip sales of Nvidia vs. AMD vs. Intel look like?
In this graphic, we use earnings reports from each company to see their revenue over time.
A Clear Leader Emerges
----------------------
While the companies don’t report revenue for their AI chips specifically, they do share revenue for their Data Center segment.
The Data Center segment includes chips like Central Processing Units (CPUs), Data Processing Units (DPUs), and Graphic Processing Units (GPUs). The latter are preferred for AI because they can perform many simple tasks simultaneously and efficiently.
Below, we show how quarterly Data Center revenue has grown for Nvidia vs. AMD vs. Intel.
Source: Nvidia, AMD, Intel. Quarters are based on the calendar year. In cases where revenue was revised at a later date, we have used the latest available revision. Intel integrated its Accelerated Computing Systems & Graphics (AXG) group into its Data Center Group in 2023. We have included revenue from the AXG group in the Data Center revenue for quarters prior to 2023 except for Q1 and Q2 2022, where revised Data Center revenue was provided by Intel.
Nvidia’s Data Center revenue has quadrupled over the last two years, and it’s estimated to have more than 70% of the market share for AI chips.
The company achieved dominance by recognizing the AI trend early, becoming a one-stop shop offering chips, software, and access to specialized computers. After hitting a $1 trillion market cap earlier in 2023, the stock continues to soar.
Competition Between Nvidia vs. AMD vs. Intel
--------------------------------------------
If we compare Nvidia vs. AMD, the latter company has seen slower growth and less revenue. Its MI250 chip was found to be 80% as fast as Nvidia’s A100 chip.
However, AMD has recently put a focus on AI, announcing a new MI300X chip with 192GB of memory compared to the 141GB that Nvidia’s new GH200 offers. More memory reduces the amount of GPUs needed, and could make AMD a stronger contender in the space.
Read details below
Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales
-------------------------------------------------
Nvidia has become an early winner of the generative AI boom.
The company reported record revenue in its second quarter earnings report, with sales of AI chips playing a large role. If we compare to other American competitors, what do the AI chip sales of Nvidia vs. AMD vs. Intel look like?
In this graphic, we use earnings reports from each company to see their revenue over time.
A Clear Leader Emerges
----------------------
While the companies don’t report revenue for their AI chips specifically, they do share revenue for their Data Center segment.
The Data Center segment includes chips like Central Processing Units (CPUs), Data Processing Units (DPUs), and Graphic Processing Units (GPUs). The latter are preferred for AI because they can perform many simple tasks simultaneously and efficiently.
Below, we show how quarterly Data Center revenue has grown for Nvidia vs. AMD vs. Intel.
Source: Nvidia, AMD, Intel. Quarters are based on the calendar year. In cases where revenue was revised at a later date, we have used the latest available revision. Intel integrated its Accelerated Computing Systems & Graphics (AXG) group into its Data Center Group in 2023. We have included revenue from the AXG group in the Data Center revenue for quarters prior to 2023 except for Q1 and Q2 2022, where revised Data Center revenue was provided by Intel.
Nvidia’s Data Center revenue has quadrupled over the last two years, and it’s estimated to have more than 70% of the market share for AI chips.
The company achieved dominance by recognizing the AI trend early, becoming a one-stop shop offering chips, software, and access to specialized computers. After hitting a $1 trillion market cap earlier in 2023, the stock continues to soar.
Competition Between Nvidia vs. AMD vs. Intel
--------------------------------------------
If we compare Nvidia vs. AMD, the latter company has seen slower growth and less revenue. Its MI250 chip was found to be 80% as fast as Nvidia’s A100 chip.
However, AMD has recently put a focus on AI, announcing a new MI300X chip with 192GB of memory compared to the 141GB that Nvidia’s new GH200 offers. More memory reduces the amount of GPUs needed, and could make AMD a stronger contender in the space.
Read details below
Telegraph
Nvidia vs. AMD vs. Intel: Comparing AI Chip Sales
Nvidia has become an early winner of the generative AI boom. The company reported record revenue in its second quarter earnings report, with sales of AI chips playing a large role. If we compare to other American competitors, what do the AI chip sales of…
Visualizing the World’s Growing Millionaire Population (2012-2022)
Visualizing the World’s Growing Millionaire Population
------------------------------------------------------
Reaping the rewards of tech revolutions, market booms, and more, the last decade has seen a remarkable increase in the global number of millionaires.
In 2022, 1.1% of all of the world’s adults were millionaires, up from 0.6% in 2012.
In today’s visualization, we dive into the world’s growing millionaire population using data from this year’s Global Wealth Report by Credit Suisse.
The Global Millionaire Population, Then and Now
-----------------------------------------------
In 2022, total millionaire wealth stood at $208.3 trillion, accounting for 45.8% of global wealth. That represents a 138% increase from 2011, when millionaires held $87.5 trillion in wealth.
While the rise can be attributed to a number of factors, financial assets have accounted for most of the increase in total wealth since the 2008 Financial Crisis, according to Credit Suisse.
Here’s a look at the explosive growth in the number of millionaires from 2012 to 2022:
At the very apex of these pyramids, the number of ultra-high-net-worth individuals (all holding $50 million or more in wealth) has nearly tripled over the last decade.
Where are the world’s millionaires mostly found?
42%: North America27%: Europe16%: Asia-Pacific (ex. China and India)10%: China5%: Rest of the WorldIn total, the world’s millionaire population amounted to 59.4 million adults in 2022.
Despite inflation, interest rates, and current market conditions hampering wealth creation for many in 2022 and 2023, Credit Suisse forecasts that the number of millionaires will still grow to 86 million by 2027, a 45% increase from 2022.
The Outlook for Wealth Inequality
---------------------------------
Although wealth inequality fell slightly in 2022, a significant chunk of overall global wealth still belongs to the wealthiest parts of the population.
In stark contrast to millionaires, 52.5% of the world’s adults had less than $10,000 in wealth, and combined for just 1.2% of global wealth.
From a big picture perspective, however, worldwide wealth inequality has trended downward over the last two decades. That is, before the 2020–2021 period when the wealth gap was exacerbated due to the pandemic and the subsequent boom in share and house prices.
Read details below
Visualizing the World’s Growing Millionaire Population
------------------------------------------------------
Reaping the rewards of tech revolutions, market booms, and more, the last decade has seen a remarkable increase in the global number of millionaires.
In 2022, 1.1% of all of the world’s adults were millionaires, up from 0.6% in 2012.
In today’s visualization, we dive into the world’s growing millionaire population using data from this year’s Global Wealth Report by Credit Suisse.
The Global Millionaire Population, Then and Now
-----------------------------------------------
In 2022, total millionaire wealth stood at $208.3 trillion, accounting for 45.8% of global wealth. That represents a 138% increase from 2011, when millionaires held $87.5 trillion in wealth.
While the rise can be attributed to a number of factors, financial assets have accounted for most of the increase in total wealth since the 2008 Financial Crisis, according to Credit Suisse.
Here’s a look at the explosive growth in the number of millionaires from 2012 to 2022:
At the very apex of these pyramids, the number of ultra-high-net-worth individuals (all holding $50 million or more in wealth) has nearly tripled over the last decade.
Where are the world’s millionaires mostly found?
42%: North America27%: Europe16%: Asia-Pacific (ex. China and India)10%: China5%: Rest of the WorldIn total, the world’s millionaire population amounted to 59.4 million adults in 2022.
Despite inflation, interest rates, and current market conditions hampering wealth creation for many in 2022 and 2023, Credit Suisse forecasts that the number of millionaires will still grow to 86 million by 2027, a 45% increase from 2022.
The Outlook for Wealth Inequality
---------------------------------
Although wealth inequality fell slightly in 2022, a significant chunk of overall global wealth still belongs to the wealthiest parts of the population.
In stark contrast to millionaires, 52.5% of the world’s adults had less than $10,000 in wealth, and combined for just 1.2% of global wealth.
From a big picture perspective, however, worldwide wealth inequality has trended downward over the last two decades. That is, before the 2020–2021 period when the wealth gap was exacerbated due to the pandemic and the subsequent boom in share and house prices.
Read details below
Telegraph
Visualizing the World’s Growing Millionaire Population (2012-2022)
Reaping the rewards of tech revolutions, market booms, and more, the last decade has seen a remarkable increase in the global number of millionaires. In 2022, 1.1% of all of the world’s adults were millionaires, up from 0.6% in 2012. In today’s visualization…
Mapped: The Richest Billionaires in U.S. States
Mapped: The Richest Billionaires in Every U.S. State
----------------------------------------------------
The number of billionaires in the U.S. increased 5% compared to last year, going from 720 super wealthy individuals to 775. The richest of the rich are concentrated in states like Texas, California, and New York, but there is almost one billionaire in every single state.
This map uses data from Forbes to showcase the wealthiest billionaire in each state.
The State-by-State Breakdown
----------------------------
According to Forbes, just four states are home to 61% of the country’s billionaires: California (179), New York (130), Florida (92), and Texas (73).
Here’s a closer look at the data on who takes the title of the richest in each state:
Many billionaires in the U.S. are extremely well-known, such as California’s Larry Page, New York’s Michael Bloomberg, or Washington state’s Jeff Bezos.
Interestingly, Bill Gates doesn’t take the top spot as the richest billionaire in Washington because Bezos has a higher net worth—$149 billion vs. Gates’ $104 billion—although they do live in the exact same town of Medina, WA.
Nearly every state is home to at least one billionaire, some far wealthier than others, like Nebraska’s Warren Buffett ($117 billion), compared to Alabama’s Jimmy Rane ($1.2 billion). Some new states, which gained billionaires this year include Alabama, New Hampshire, and Vermont.
Billionaire Wealth
------------------
The number of billionaires globally is following a different trend than the one in the U.S., declining year-over-year, and seeing billionaire wealth overall decrease by $500 billion.
The U.S. is home to almost 30% of all the world’s billionaires and while a few like Sam Bankman-Fried and Kanye West lost their billionaire status this year, many continue to get richer. In addition to Ron Corio, New Mexico’s first ever billionaire, eight other individuals on the U.S. list gained billionaire status in the last four years.
Finance and investments, food and beverage, fashion and retail, and technology are the top sources of wealth for U.S. billionaires, with almost 50% of them gaining their fortunes from these specific industries.
The post Mapped: The Richest Billionaires in U.S. States appeared first on Visual Capitalist.
Read details below
Mapped: The Richest Billionaires in Every U.S. State
----------------------------------------------------
The number of billionaires in the U.S. increased 5% compared to last year, going from 720 super wealthy individuals to 775. The richest of the rich are concentrated in states like Texas, California, and New York, but there is almost one billionaire in every single state.
This map uses data from Forbes to showcase the wealthiest billionaire in each state.
The State-by-State Breakdown
----------------------------
According to Forbes, just four states are home to 61% of the country’s billionaires: California (179), New York (130), Florida (92), and Texas (73).
Here’s a closer look at the data on who takes the title of the richest in each state:
Many billionaires in the U.S. are extremely well-known, such as California’s Larry Page, New York’s Michael Bloomberg, or Washington state’s Jeff Bezos.
Interestingly, Bill Gates doesn’t take the top spot as the richest billionaire in Washington because Bezos has a higher net worth—$149 billion vs. Gates’ $104 billion—although they do live in the exact same town of Medina, WA.
Nearly every state is home to at least one billionaire, some far wealthier than others, like Nebraska’s Warren Buffett ($117 billion), compared to Alabama’s Jimmy Rane ($1.2 billion). Some new states, which gained billionaires this year include Alabama, New Hampshire, and Vermont.
Billionaire Wealth
------------------
The number of billionaires globally is following a different trend than the one in the U.S., declining year-over-year, and seeing billionaire wealth overall decrease by $500 billion.
The U.S. is home to almost 30% of all the world’s billionaires and while a few like Sam Bankman-Fried and Kanye West lost their billionaire status this year, many continue to get richer. In addition to Ron Corio, New Mexico’s first ever billionaire, eight other individuals on the U.S. list gained billionaire status in the last four years.
Finance and investments, food and beverage, fashion and retail, and technology are the top sources of wealth for U.S. billionaires, with almost 50% of them gaining their fortunes from these specific industries.
The post Mapped: The Richest Billionaires in U.S. States appeared first on Visual Capitalist.
Read details below
Telegraph
Mapped: The Richest Billionaires in U.S. States
The number of billionaires in the U.S. increased 5% compared to last year, going from 720 super wealthy individuals to 775. The richest of the rich are concentrated in states like Texas, California, and New York, but there is almost one billionaire in every…
The Video Game Industry: Insights for Investors
The Video Game Industry: Insights for Investors
-----------------------------------------------
Newzoo indicates that 79% of the total online population engages with video games. However, even those who don’t play can benefit from investment opportunities in this thriving industry.
This infographic, sponsored by Roundhill Investments, delves into the growth of the gaming industry and related financial opportunities.
Video Gamers, by Region
-----------------------
Video gaming platforms were home to 3.2 billion gamers around the world in 2022, and the number is projected to reach 3.5 billion by 2025, according to Newzoo.
However, this growth varies across regions.
Also, due to ease of access and low barriers to entry, mobile gaming is the most popular segment, generating almost three-quarters of the revenue.
Video Gaming Industry, by Revenue
---------------------------------
The inherent resilience of the gaming industry was evident during the COVID-19 recession.
During that period, the launch of many eagerly awaited games experienced delays, and many of those are now being released in 2023 and 2024.
Consequently, these years are poised to be the industry’s best yet. According to PwC, it is projected to generate $257B in 2023, and at a CAGR of 8.4%, it will cross $320B by 2026.
Exploring Investment Opportunities
----------------------------------
In the video gaming industry’s dynamic landscape, investors can gain from investing in the industry’s major players. Here are some prominent ones to be aware of across certain gaming sectors.
Gaming software companies: Electronic Arts, Ubisoft, and Take-Two Interactive.Integrated gaming hardware & software companies: Nintendo and CD Projekt.Mobile gaming companies: Kakao Games, NetMarble, and Rovio.Gaming infrastructure & platform companies: Unity, Roblox, and AppLovin.Roundhill Investment’s video gaming ETF makes it easy for investors to get exposure to many leading video game companies and AAA game publishers worldwide, including the ones listed above.
Overall, given the expansive and varied demographic, coupled with minimal entry barriers and swift innovation, the video games market is considered hold a lot of potential for investors over the coming years.
Read details below
The Video Game Industry: Insights for Investors
-----------------------------------------------
Newzoo indicates that 79% of the total online population engages with video games. However, even those who don’t play can benefit from investment opportunities in this thriving industry.
This infographic, sponsored by Roundhill Investments, delves into the growth of the gaming industry and related financial opportunities.
Video Gamers, by Region
-----------------------
Video gaming platforms were home to 3.2 billion gamers around the world in 2022, and the number is projected to reach 3.5 billion by 2025, according to Newzoo.
However, this growth varies across regions.
Also, due to ease of access and low barriers to entry, mobile gaming is the most popular segment, generating almost three-quarters of the revenue.
Video Gaming Industry, by Revenue
---------------------------------
The inherent resilience of the gaming industry was evident during the COVID-19 recession.
During that period, the launch of many eagerly awaited games experienced delays, and many of those are now being released in 2023 and 2024.
Consequently, these years are poised to be the industry’s best yet. According to PwC, it is projected to generate $257B in 2023, and at a CAGR of 8.4%, it will cross $320B by 2026.
Exploring Investment Opportunities
----------------------------------
In the video gaming industry’s dynamic landscape, investors can gain from investing in the industry’s major players. Here are some prominent ones to be aware of across certain gaming sectors.
Gaming software companies: Electronic Arts, Ubisoft, and Take-Two Interactive.Integrated gaming hardware & software companies: Nintendo and CD Projekt.Mobile gaming companies: Kakao Games, NetMarble, and Rovio.Gaming infrastructure & platform companies: Unity, Roblox, and AppLovin.Roundhill Investment’s video gaming ETF makes it easy for investors to get exposure to many leading video game companies and AAA game publishers worldwide, including the ones listed above.
Overall, given the expansive and varied demographic, coupled with minimal entry barriers and swift innovation, the video games market is considered hold a lot of potential for investors over the coming years.
Read details below
Telegraph
The Video Game Industry: Insights for Investors
Newzoo indicates that 79% of the total online population engages with video games. However, even those who don’t play can benefit from investment opportunities in this thriving industry. This infographic, sponsored by Roundhill Investments, delves into the…
👍1
Charted: Youth Unemployment in the OECD and China
Charted: Youth Unemployment in the OECD and China
-------------------------------------------------
In nearly every country in the world, youth unemployment is much higher than general unemployment.
Unfortunately, the pandemic only exacerbated matters. During a crucial stretch of their early careers, young adults were locked out of entry-level jobs, destroying their ability to pick up work experience and potentially impacting their long-term earnings.
Now, nearly three years after COVID-19 first hit, young adults from some countries, like China, are struggling to find jobs. Using data from the OECD and the National Bureau of Statistics of China, we chart out the youth unemployment rate for 37 countries.
Ranked: Countries With the Highest Youth Unemployment
-----------------------------------------------------
At the top of the list, Spain has the highest youth unemployment in the OECD, with nearly one in three young adults unable to find a job.
Unemployed people are those who report that they are without work, are available for work, and have taken active steps to find work in the last four weeks. The youth unemployment rate is calculated as a percentage of the youth labor force.A mismatch between educational qualifications and the labor market has been cited as a significant reason for Spain’s lack of employed adults between the ages of 15–24.
Meanwhile, the country’s reliance on temporary contracts and dependence on seasonal sectors—like tourism—to generate jobs are some of the many reasons for its persistently high reported unemployment across demographic groups.
Listed below is the youth unemployment rate for all the OECD countries, and China, as of the second quarter of 2023.
Announced in June, China’s youth unemployment rate has climbed to 21.3%, a meteoric rise since May 2018, when it was below 10%. The Chinese economy is in the midst of a slowdown and its steadily climbing youth unemployment prompted the government to suspend age-specific unemployment data for the near future.
On the other side of the spectrum, in Japan, only 4.2% of young adults are without a job. A key reason for this is Japan’s shrinking and aging population that’s made for a tight labor market.
Youth Unemployment: Men vs Women
--------------------------------
In most OECD countries, it’s common to see young men experiencing a higher unemployment rate compared to young women.
Read details below
Charted: Youth Unemployment in the OECD and China
-------------------------------------------------
In nearly every country in the world, youth unemployment is much higher than general unemployment.
Unfortunately, the pandemic only exacerbated matters. During a crucial stretch of their early careers, young adults were locked out of entry-level jobs, destroying their ability to pick up work experience and potentially impacting their long-term earnings.
Now, nearly three years after COVID-19 first hit, young adults from some countries, like China, are struggling to find jobs. Using data from the OECD and the National Bureau of Statistics of China, we chart out the youth unemployment rate for 37 countries.
Ranked: Countries With the Highest Youth Unemployment
-----------------------------------------------------
At the top of the list, Spain has the highest youth unemployment in the OECD, with nearly one in three young adults unable to find a job.
Unemployed people are those who report that they are without work, are available for work, and have taken active steps to find work in the last four weeks. The youth unemployment rate is calculated as a percentage of the youth labor force.A mismatch between educational qualifications and the labor market has been cited as a significant reason for Spain’s lack of employed adults between the ages of 15–24.
Meanwhile, the country’s reliance on temporary contracts and dependence on seasonal sectors—like tourism—to generate jobs are some of the many reasons for its persistently high reported unemployment across demographic groups.
Listed below is the youth unemployment rate for all the OECD countries, and China, as of the second quarter of 2023.
Announced in June, China’s youth unemployment rate has climbed to 21.3%, a meteoric rise since May 2018, when it was below 10%. The Chinese economy is in the midst of a slowdown and its steadily climbing youth unemployment prompted the government to suspend age-specific unemployment data for the near future.
On the other side of the spectrum, in Japan, only 4.2% of young adults are without a job. A key reason for this is Japan’s shrinking and aging population that’s made for a tight labor market.
Youth Unemployment: Men vs Women
--------------------------------
In most OECD countries, it’s common to see young men experiencing a higher unemployment rate compared to young women.
Read details below
Telegraph
Charted: Youth Unemployment in the OECD and China
In nearly every country in the world, youth unemployment is much higher than general unemployment. Unfortunately, the pandemic only exacerbated matters. During a crucial stretch of their early careers, young adults were locked out of entry-level jobs, destroying…
The Monthly Cost of Buying vs. Renting a House in America
The Monthly Cost of Buying vs. Renting a House in America
---------------------------------------------------------
With home prices and mortgage rates both rising, the U.S. is now witnessing the biggest numerical gap in the monthly cost between owning a home and renting in over 50 years.
Americans, however, have seen similar scenarios occur since the early 1980s.
Today’s chart uses data from Reventure Consulting to highlight the cost of buying vs. renting a single-family residence in the U.S. since 1970, adjusted for inflation.
Mortgage Rates Jump to New High
-------------------------------
In August 2023, mortgage rates rose to the highest level in 23 years, with the national average 30-year fixed mortgage hitting 7.48%.
As a result, the median rent in America is approximately $1,850 per month, about 30% cheaper than the median cost to buy, standing at $2,700 per month. This gap represents the largest difference between renting and buying in U.S. history.
While the difference was less than $200 in 2022, in 2023 the gap surpassed $800.
Many buyers, particularly those seeking their initial home purchase, have now been priced out of the market with concerns that they cannot afford home ownership. As a result, mortgage applications for home purchases have hit their lowest point in 20 years:
Rent costs have also seen an uptick, but not at the same pace, as the market adjusted following a steep rent spike witnessed during the pandemic.
Will Mortgage Rates Drop in 2023?
---------------------------------
Increases in interest rates affect long-term home loans, such as 30-year fixed-rate mortgages. And starting in 2022, the Federal Reserve began to hike rates from their near-zero level to the current range of 5.25-5.5%.
Recently, the Federal Reserve unveiled new projections, indicating that the interest rate could potentially reach 5.6% by the end of 2023, implying at least one more rate hike in 2023.
As a result, numerous experts are anticipating that mortgage rates will likely remain above 6% for the rest of this year.
The post The Monthly Cost of Buying vs. Renting a House in America appeared first on Visual Capitalist.
Read details below
The Monthly Cost of Buying vs. Renting a House in America
---------------------------------------------------------
With home prices and mortgage rates both rising, the U.S. is now witnessing the biggest numerical gap in the monthly cost between owning a home and renting in over 50 years.
Americans, however, have seen similar scenarios occur since the early 1980s.
Today’s chart uses data from Reventure Consulting to highlight the cost of buying vs. renting a single-family residence in the U.S. since 1970, adjusted for inflation.
Mortgage Rates Jump to New High
-------------------------------
In August 2023, mortgage rates rose to the highest level in 23 years, with the national average 30-year fixed mortgage hitting 7.48%.
As a result, the median rent in America is approximately $1,850 per month, about 30% cheaper than the median cost to buy, standing at $2,700 per month. This gap represents the largest difference between renting and buying in U.S. history.
While the difference was less than $200 in 2022, in 2023 the gap surpassed $800.
Many buyers, particularly those seeking their initial home purchase, have now been priced out of the market with concerns that they cannot afford home ownership. As a result, mortgage applications for home purchases have hit their lowest point in 20 years:
Rent costs have also seen an uptick, but not at the same pace, as the market adjusted following a steep rent spike witnessed during the pandemic.
Will Mortgage Rates Drop in 2023?
---------------------------------
Increases in interest rates affect long-term home loans, such as 30-year fixed-rate mortgages. And starting in 2022, the Federal Reserve began to hike rates from their near-zero level to the current range of 5.25-5.5%.
Recently, the Federal Reserve unveiled new projections, indicating that the interest rate could potentially reach 5.6% by the end of 2023, implying at least one more rate hike in 2023.
As a result, numerous experts are anticipating that mortgage rates will likely remain above 6% for the rest of this year.
The post The Monthly Cost of Buying vs. Renting a House in America appeared first on Visual Capitalist.
Read details below
Telegraph
The Monthly Cost of Buying vs. Renting a House in America
With home prices and mortgage rates both rising, the U.S. is now witnessing the biggest numerical gap in the monthly cost between owning a home and renting in over 50 years. Americans, however, have seen similar scenarios occur since the early 1980s. Today’s…
Decoding the Economics of a Soft Landing
Decoding the Economics of a Soft Landing
----------------------------------------
Is a soft landing on the horizon?
So far, the U.S. economy has illustrated unexpected strength, with S&P 500 returns up over 18% year-to-date. A resilient labor market and cooling inflation have improved the odds of the U.S. avoiding a recession, in spite of 11 interest rate hikes since March 2022.
This graphic, sponsored by New York Life Investments, shows three key factors that could impact whether the U.S. achieves a soft landing.
What is a Soft Landing?
-----------------------
Historically, after a steep rise in interest rates, the U.S. economy often falls into recession.
Still, there have been some exceptions where it avoided a sharp downturn. The most notable example was in 1994-1995, when the Fed raised interest rates seven times in one year without triggering a recession.
Consider the following general definitions:
Soft landing: The Federal Reserve raises interest rates just enough to stabilize inflation. A recession is avoided, or only a minor one occurs.Hard landing: The Federal Reserve raises interest rates too far, excessively slowing the economy and causing a recession.Below, we show the factors having an outsized influence on the health of the U.S. economy today.
1. The Labor Market
-------------------
The U.S. labor market is an important indicator of economic health.
In July, there were 1.7 job openings for every unemployed person, highlighting strong demand for workers. In fact, almost 4 million jobs have been added since 2020, recovering the majority of jobs that were lost due to the pandemic.
At the same time, the U.S. unemployment rate remains near five-decade lows, sitting at just 3.5% as of July.
### Why Does This Matter?
Wages have been steadily rising, although not fast enough to significantly impact inflation.With no shortage of job options, this suggests economic strength, supporting a soft landing.2. Inflation
------------
Inflation has fallen to 3.2% in July, down from a peak of 8.9% seen in June 2022.
We can see in the table below that inflation has been stabilizing, but core inflation, which excludes food and energy, has been declining at a slower pace. The Fed watches core inflation more closely since it is less affected by short-term price fluctuations, and is therefore a better barometer of where prices are headed.
Read details below
Decoding the Economics of a Soft Landing
----------------------------------------
Is a soft landing on the horizon?
So far, the U.S. economy has illustrated unexpected strength, with S&P 500 returns up over 18% year-to-date. A resilient labor market and cooling inflation have improved the odds of the U.S. avoiding a recession, in spite of 11 interest rate hikes since March 2022.
This graphic, sponsored by New York Life Investments, shows three key factors that could impact whether the U.S. achieves a soft landing.
What is a Soft Landing?
-----------------------
Historically, after a steep rise in interest rates, the U.S. economy often falls into recession.
Still, there have been some exceptions where it avoided a sharp downturn. The most notable example was in 1994-1995, when the Fed raised interest rates seven times in one year without triggering a recession.
Consider the following general definitions:
Soft landing: The Federal Reserve raises interest rates just enough to stabilize inflation. A recession is avoided, or only a minor one occurs.Hard landing: The Federal Reserve raises interest rates too far, excessively slowing the economy and causing a recession.Below, we show the factors having an outsized influence on the health of the U.S. economy today.
1. The Labor Market
-------------------
The U.S. labor market is an important indicator of economic health.
In July, there were 1.7 job openings for every unemployed person, highlighting strong demand for workers. In fact, almost 4 million jobs have been added since 2020, recovering the majority of jobs that were lost due to the pandemic.
At the same time, the U.S. unemployment rate remains near five-decade lows, sitting at just 3.5% as of July.
### Why Does This Matter?
Wages have been steadily rising, although not fast enough to significantly impact inflation.With no shortage of job options, this suggests economic strength, supporting a soft landing.2. Inflation
------------
Inflation has fallen to 3.2% in July, down from a peak of 8.9% seen in June 2022.
We can see in the table below that inflation has been stabilizing, but core inflation, which excludes food and energy, has been declining at a slower pace. The Fed watches core inflation more closely since it is less affected by short-term price fluctuations, and is therefore a better barometer of where prices are headed.
Read details below
Telegraph
Decoding the Economics of a Soft Landing
Is a soft landing on the horizon? So far, the U.S. economy has illustrated unexpected strength, with S&P 500 returns up over 18% year-to-date. A resilient labor market and cooling inflation have improved the odds of the U.S. avoiding a recession, in spite…
Where Do International Students in the U.S. Come From?
Where Do International Students in the U.S. Come From?
------------------------------------------------------
The proportion of international students in U.S. higher education institutions has increased steadily, from 1.5% of the country’s total students in the 1960s to 5.5% in the early 2020s.
Using 2022 data from the International Education Exchange (IIE), this visualization from Ehsan Soltani breaks down where these students come from.
The International Student Population
------------------------------------
The United States has always attracted students seeking quality education at its many world-class universities and opportunities in the country’s job market.
After a drop in recent years due to COVID-19 restrictions, American institutions registered a 3.8% increase in international student participation in 2022.
There were 948,519 international students at U.S. colleges and universities last year.
Asian students represent 75% of the total, with Chinese (30%) and Indians (21%) adding up to over half the count. Oceania is the place of origin with the fewest international students enrolled in the U.S., making up only 0.6% of the total.
According to Open Doors, for the first time in a decade, there were more graduate students (41%) than undergraduates (36%) studying in the United States in 2022.
Since the COVID-19 pandemic, many colleges and universities have started to offer online courses. Still, the vast majority of students attended classes in person last year.
A Billionaire Business
----------------------
International students continue to be a priority for the U.S. higher education sector, contributing $32 billion to the country’s economy in 2022.
With the demographic decline in U.S. domestic higher education enrollment, many colleges and universities are strategically focusing on international students.
According to IIE, 89% of U.S. colleges and universities indicated that 2023/24 applications are up or have stayed the same as the previous year.
The post Where Do International Students in the U.S. Come From? appeared first on Visual Capitalist.
Read details below
Where Do International Students in the U.S. Come From?
------------------------------------------------------
The proportion of international students in U.S. higher education institutions has increased steadily, from 1.5% of the country’s total students in the 1960s to 5.5% in the early 2020s.
Using 2022 data from the International Education Exchange (IIE), this visualization from Ehsan Soltani breaks down where these students come from.
The International Student Population
------------------------------------
The United States has always attracted students seeking quality education at its many world-class universities and opportunities in the country’s job market.
After a drop in recent years due to COVID-19 restrictions, American institutions registered a 3.8% increase in international student participation in 2022.
There were 948,519 international students at U.S. colleges and universities last year.
Asian students represent 75% of the total, with Chinese (30%) and Indians (21%) adding up to over half the count. Oceania is the place of origin with the fewest international students enrolled in the U.S., making up only 0.6% of the total.
According to Open Doors, for the first time in a decade, there were more graduate students (41%) than undergraduates (36%) studying in the United States in 2022.
Since the COVID-19 pandemic, many colleges and universities have started to offer online courses. Still, the vast majority of students attended classes in person last year.
A Billionaire Business
----------------------
International students continue to be a priority for the U.S. higher education sector, contributing $32 billion to the country’s economy in 2022.
With the demographic decline in U.S. domestic higher education enrollment, many colleges and universities are strategically focusing on international students.
According to IIE, 89% of U.S. colleges and universities indicated that 2023/24 applications are up or have stayed the same as the previous year.
The post Where Do International Students in the U.S. Come From? appeared first on Visual Capitalist.
Read details below
Telegraph
Where Do International Students in the U.S. Come From?
The proportion of international students in U.S. higher education institutions has increased steadily, from 1.5% of the country’s total students in the 1960s to 5.5% in the early 2020s. Using 2022 data from the International Education Exchange (IIE), this…
Ranked: The World’s Largest Stadiums
Ranking The World’s Largest Stadiums
------------------------------------
From football games to live concerts, stadiums serve as a gathering place for some of life’s most exciting moments.
While some stadiums are famous for their history, others are truly massive in size, capable of seating over 100,000 people at once. In this graphic, we’ve ranked the 10 largest stadiums in the world by seating capacity, with Madison Square Garden included as a reference point.
Data and Highlights
-------------------
As shown in the graphic above, the world’s largest stadium belongs to India. Named after the country’s Prime Minister, the Narendra Modi Stadium was designed to host cricket games.
See below for the full list in tabular format.
The number two spot is held by Rungrado 1st of May Stadium, which is surprisingly located in North Korea. It was completed in 1989 with the purpose of hosting the 13th World Festival of Youth and Students, and is now used to host various government events.
It’s interesting to note that this arena initially had a higher capacity of 150,000 people, but was reduced to 114,000 after renovations in 2014.
Looking further down the list, the third to tenth largest stadiums belong to the United States. All of these arenas are primarily used for college football, serving as the home field for their respective university team.
A shocking fact is that these arenas are significantly larger than NFL stadiums. For example, the largest NFL stadium is MetLife Stadium, which has a seating capacity of 82,500.
The Runner-Ups
--------------
While just three countries are represented in the top 10 list, there is plenty of geographical diversity once we look a little further down. Shown below are the 11th to 14th largest stadiums in the world.
Camp Nou and FNB Stadium are two historic soccer stadiums which have both hosted a FIFA World Cup tournament. Camp Nou is owned by FC Barcelona, the world’s third most valuable soccer club.
New Administrative Capital Stadium is expected to replace the Cairo International Stadium as Egypt’s new national arena, and could be used to host the Olympics or a FIFA World Cup in the future if called upon.
The post Ranked: The World’s Largest Stadiums appeared first on Visual Capitalist.
Read details below
Ranking The World’s Largest Stadiums
------------------------------------
From football games to live concerts, stadiums serve as a gathering place for some of life’s most exciting moments.
While some stadiums are famous for their history, others are truly massive in size, capable of seating over 100,000 people at once. In this graphic, we’ve ranked the 10 largest stadiums in the world by seating capacity, with Madison Square Garden included as a reference point.
Data and Highlights
-------------------
As shown in the graphic above, the world’s largest stadium belongs to India. Named after the country’s Prime Minister, the Narendra Modi Stadium was designed to host cricket games.
See below for the full list in tabular format.
The number two spot is held by Rungrado 1st of May Stadium, which is surprisingly located in North Korea. It was completed in 1989 with the purpose of hosting the 13th World Festival of Youth and Students, and is now used to host various government events.
It’s interesting to note that this arena initially had a higher capacity of 150,000 people, but was reduced to 114,000 after renovations in 2014.
Looking further down the list, the third to tenth largest stadiums belong to the United States. All of these arenas are primarily used for college football, serving as the home field for their respective university team.
A shocking fact is that these arenas are significantly larger than NFL stadiums. For example, the largest NFL stadium is MetLife Stadium, which has a seating capacity of 82,500.
The Runner-Ups
--------------
While just three countries are represented in the top 10 list, there is plenty of geographical diversity once we look a little further down. Shown below are the 11th to 14th largest stadiums in the world.
Camp Nou and FNB Stadium are two historic soccer stadiums which have both hosted a FIFA World Cup tournament. Camp Nou is owned by FC Barcelona, the world’s third most valuable soccer club.
New Administrative Capital Stadium is expected to replace the Cairo International Stadium as Egypt’s new national arena, and could be used to host the Olympics or a FIFA World Cup in the future if called upon.
The post Ranked: The World’s Largest Stadiums appeared first on Visual Capitalist.
Read details below
Telegraph
Ranked: The World’s Largest Stadiums
From football games to live concerts, stadiums serve as a gathering place for some of life’s most exciting moments. While some stadiums are famous for their history, others are truly massive in size, capable of seating over 100,000 people at once. In this…
👍1
Charted: Most Popular U.S. Undergraduate Degrees (2011–2021)
Charted: Most Popular U.S. Undergraduate Degrees (2011–2021)
------------------------------------------------------------
In an era of soaring tuition fees and mounting student debt, choosing which undergraduate degree to pursue has become a crucial decision for any aspiring college student. And it always helps to see which way the winds are blowing.
This visualization by Kashish Rastogi, based on data from the National Center for Education Statistics (NCES), examines the changing landscape of undergraduate degrees awarded between the 2010–2011 and 2020–2021 academic years.
Undergraduate Degrees Growing in Popularity
-------------------------------------------
The NCES classifies all four-year bachelor degrees into 38 fields of study. Of these fields, 21 saw an increase in graduates in 2020–2021 compared to 2010–2011.
While only those with more than 30,000 graduates have been shown in the graphic (to prevent overrepresentation of large changes in small pools of graduates), the full list is available below.
Note: Field of study names have been edited slightly from their NCES labels for better readability.Let’s take a look at the areas of study that were most popular, as well as some of the fastest growing fields:
Computer and Information SciencesBachelor’s degrees in this discipline have grown by 144% since 2010–2011, with over 100,000 graduates in 2020–2021. The allure of the tech sector’s explosive growth likely contributed to its popularity among students.
Health ProfessionsUndergraduate degrees in health professions saw an 87% increase, attracting nearly 260,000 graduates in 2020–2021. This field accounted for 13% of the total graduating class, reflecting the growing appeal of the healthcare sector.
EngineeringThere were 50,000 more engineering graduates in the U.S. in 2021, up 65% from 2011. With a median income over $100,000 per year, engineering graduates can usually rely on good wages as well as versatility in future careers, capable of finding jobs in tech, design, and communication fields, and of course, becoming future entrepreneurs.
Biomedical SciencesUniversity graduates in this field, which focuses on the integration of the study of biology with health and medicine, grew by 46%. A subset of this category—epidemiology—has been in the limelight recently thanks to the COVID-19 pandemic.
Read details below
Charted: Most Popular U.S. Undergraduate Degrees (2011–2021)
------------------------------------------------------------
In an era of soaring tuition fees and mounting student debt, choosing which undergraduate degree to pursue has become a crucial decision for any aspiring college student. And it always helps to see which way the winds are blowing.
This visualization by Kashish Rastogi, based on data from the National Center for Education Statistics (NCES), examines the changing landscape of undergraduate degrees awarded between the 2010–2011 and 2020–2021 academic years.
Undergraduate Degrees Growing in Popularity
-------------------------------------------
The NCES classifies all four-year bachelor degrees into 38 fields of study. Of these fields, 21 saw an increase in graduates in 2020–2021 compared to 2010–2011.
While only those with more than 30,000 graduates have been shown in the graphic (to prevent overrepresentation of large changes in small pools of graduates), the full list is available below.
Note: Field of study names have been edited slightly from their NCES labels for better readability.Let’s take a look at the areas of study that were most popular, as well as some of the fastest growing fields:
Computer and Information SciencesBachelor’s degrees in this discipline have grown by 144% since 2010–2011, with over 100,000 graduates in 2020–2021. The allure of the tech sector’s explosive growth likely contributed to its popularity among students.
Health ProfessionsUndergraduate degrees in health professions saw an 87% increase, attracting nearly 260,000 graduates in 2020–2021. This field accounted for 13% of the total graduating class, reflecting the growing appeal of the healthcare sector.
EngineeringThere were 50,000 more engineering graduates in the U.S. in 2021, up 65% from 2011. With a median income over $100,000 per year, engineering graduates can usually rely on good wages as well as versatility in future careers, capable of finding jobs in tech, design, and communication fields, and of course, becoming future entrepreneurs.
Biomedical SciencesUniversity graduates in this field, which focuses on the integration of the study of biology with health and medicine, grew by 46%. A subset of this category—epidemiology—has been in the limelight recently thanks to the COVID-19 pandemic.
Read details below
Telegraph
Charted: Most Popular U.S. Undergraduate Degrees (2011–2021)
In an era of soaring tuition fees and mounting student debt, choosing which undergraduate degree to pursue has become a crucial decision for any aspiring college student. And it always helps to see which way the winds are blowing. This visualization by Kashish…
Charted: Six Red Flags Pointing to China’s Economy Slowing Down
Six Red Flags Pointing to China’s Economy Slowing Down
------------------------------------------------------
The People’s Republic of China is the world’s second-largest economy, responsible for one quarter of global GDP growth this millennium—so when the country catches a cold, the world notices.
The past several months have seen an avalanche of bad economic news for China, putting the country’s post-pandemic recovery, and global economic growth, in jeopardy.
In this visualization, we look at six important indicators that point to China’s economy slowing down. Data comes from the National Bureau of Statistics of China, the People’s Bank of China, and the General Administration of Customs, to see what is flashing red.
Six Red Flag Indicators on China’s Economy
------------------------------------------
1. GDPChina’s annual GDP growth rate has averaged 9% since 1978, when the country opened itself up to the global market under Deng Xiaoping.
However, growth seems to have slowed to a crawl, down to 0.8% (quarter-to-quarter) in the second quarter of 2023 driven by weakness in the Tertiary Sector, which includes retail spending and the troubled real estate sector. This follows a more robust 2.2% figure in Q1, which was driven by pent-up demand released by the end of COVID-era lockdowns.
On an annual basis, China’s GDP expanded 6.3% year-over-year, below the forecasted 7.3% rate.
2. ExportsExports fell by 14.5% in July, marking the third straight month of declines, and hitting lows not seen since February 2020. Meanwhile, imports fell 12.4%, reflecting the cautious consumer mood.
On a regional basis, exports fell year-over-year to China’s three biggest customers, ASEAN, the EU, and the U.S., by 17.4%, 15.1%, and 20.8% respectively.
There was one bright spot, however: exports to sanction-burdened Russia increased 51.8%, but that wasn’t nearly enough to offset the overall downward trend.
3. Consumer Price IndexThe consumer price index moved into deflationary territory for the first time since 2021, with prices falling 3% year-over-year. The decline was led by Household Articles and Services, Food & Tobacco, and Transportation and Communications.
At the same time, the prices that producers paid for industrial products (PPI) fell 4.4% (year-over-year), the tenth month in a row with a negative reading.
4.
Read details below
Six Red Flags Pointing to China’s Economy Slowing Down
------------------------------------------------------
The People’s Republic of China is the world’s second-largest economy, responsible for one quarter of global GDP growth this millennium—so when the country catches a cold, the world notices.
The past several months have seen an avalanche of bad economic news for China, putting the country’s post-pandemic recovery, and global economic growth, in jeopardy.
In this visualization, we look at six important indicators that point to China’s economy slowing down. Data comes from the National Bureau of Statistics of China, the People’s Bank of China, and the General Administration of Customs, to see what is flashing red.
Six Red Flag Indicators on China’s Economy
------------------------------------------
1. GDPChina’s annual GDP growth rate has averaged 9% since 1978, when the country opened itself up to the global market under Deng Xiaoping.
However, growth seems to have slowed to a crawl, down to 0.8% (quarter-to-quarter) in the second quarter of 2023 driven by weakness in the Tertiary Sector, which includes retail spending and the troubled real estate sector. This follows a more robust 2.2% figure in Q1, which was driven by pent-up demand released by the end of COVID-era lockdowns.
On an annual basis, China’s GDP expanded 6.3% year-over-year, below the forecasted 7.3% rate.
2. ExportsExports fell by 14.5% in July, marking the third straight month of declines, and hitting lows not seen since February 2020. Meanwhile, imports fell 12.4%, reflecting the cautious consumer mood.
On a regional basis, exports fell year-over-year to China’s three biggest customers, ASEAN, the EU, and the U.S., by 17.4%, 15.1%, and 20.8% respectively.
There was one bright spot, however: exports to sanction-burdened Russia increased 51.8%, but that wasn’t nearly enough to offset the overall downward trend.
3. Consumer Price IndexThe consumer price index moved into deflationary territory for the first time since 2021, with prices falling 3% year-over-year. The decline was led by Household Articles and Services, Food & Tobacco, and Transportation and Communications.
At the same time, the prices that producers paid for industrial products (PPI) fell 4.4% (year-over-year), the tenth month in a row with a negative reading.
4.
Read details below
Telegraph
Charted: Six Red Flags Pointing to China’s Economy Slowing Down
The People’s Republic of China is the world’s second-largest economy, responsible for one quarter of global GDP growth this millennium—so when the country catches a cold, the world notices. The past several months have seen an avalanche of bad economic news…
The 25 Best Stocks by Shareholder Wealth Creation (1926-2022)
The 25 Best Stocks by Shareholder Wealth Creation (1926-2022)
-------------------------------------------------------------
Out of 28,114 publicly-listed U.S. companies analyzed over the last century, the 25 best stocks have created nearly a third of all shareholder wealth. Put another way, just 0.1% of stocks have added over $17.6 trillion to investors’ wallets.
In this graphic, we use data from Henrik Bessembinder of Arizona State University to show the best stocks of the last century.
How is Shareholder Wealth Creation Calculated?
----------------------------------------------
Bessembinder took three steps to measure lifetime shareholder wealth creation:
Considered U.S. stocks in the Center for Research in Security Prices database from 1926 (or when the stock was first listed) until 2022 (or when the stock was delisted).Measured share price changes as well as cash flows to/from shareholders including dividends, spinoffs, share buybacks, and new share issuances.Calculated the excess wealth generated compared to investing in one-month Treasury bills over the same time period.If a company exited the database during the period, Bessembinder calculated its delisting return based on any proceeds from mergers or acquisitions as well as estimates of any remaining value after delistings for negative reasons.
GM is the only company within the top 25 to be delisted prior to December 2022. Its second IPO in 2010 was considered a new company and not continuous wealth creation.
The 25 Best Stocks in Modern History
------------------------------------
With this definition in mind, here are the best stocks since 1926.
Apple takes the top spot, having created nearly 5% of all shareholder wealth. From the iPod to the iPhone, Apple’s ability to keep innovating has helped it gain a loyal fan base and given the company pricing power. Notably, Apple is America’s most profitable company.
ExxonMobil is the only non-technology company among the five best stocks. When Exxon and Mobil merged in 1999, it was the biggest merger in history and ExxonMobil temporarily became the world’s largest public company by market capitalization. More recently, the company experienced record profits in 2022 due to high oil prices.
The list also shows how wealth-generating patterns have changed over time.
Read details below
The 25 Best Stocks by Shareholder Wealth Creation (1926-2022)
-------------------------------------------------------------
Out of 28,114 publicly-listed U.S. companies analyzed over the last century, the 25 best stocks have created nearly a third of all shareholder wealth. Put another way, just 0.1% of stocks have added over $17.6 trillion to investors’ wallets.
In this graphic, we use data from Henrik Bessembinder of Arizona State University to show the best stocks of the last century.
How is Shareholder Wealth Creation Calculated?
----------------------------------------------
Bessembinder took three steps to measure lifetime shareholder wealth creation:
Considered U.S. stocks in the Center for Research in Security Prices database from 1926 (or when the stock was first listed) until 2022 (or when the stock was delisted).Measured share price changes as well as cash flows to/from shareholders including dividends, spinoffs, share buybacks, and new share issuances.Calculated the excess wealth generated compared to investing in one-month Treasury bills over the same time period.If a company exited the database during the period, Bessembinder calculated its delisting return based on any proceeds from mergers or acquisitions as well as estimates of any remaining value after delistings for negative reasons.
GM is the only company within the top 25 to be delisted prior to December 2022. Its second IPO in 2010 was considered a new company and not continuous wealth creation.
The 25 Best Stocks in Modern History
------------------------------------
With this definition in mind, here are the best stocks since 1926.
Apple takes the top spot, having created nearly 5% of all shareholder wealth. From the iPod to the iPhone, Apple’s ability to keep innovating has helped it gain a loyal fan base and given the company pricing power. Notably, Apple is America’s most profitable company.
ExxonMobil is the only non-technology company among the five best stocks. When Exxon and Mobil merged in 1999, it was the biggest merger in history and ExxonMobil temporarily became the world’s largest public company by market capitalization. More recently, the company experienced record profits in 2022 due to high oil prices.
The list also shows how wealth-generating patterns have changed over time.
Read details below
Telegraph
The 25 Best Stocks by Shareholder Wealth Creation (1926-2022)
Out of 28,114 publicly-listed U.S. companies analyzed over the last century, the 25 best stocks have created nearly a third of all shareholder wealth. Put another way, just 0.1% of stocks have added over $17.6 trillion to investors’ wallets. In this graphic…
Visualized: Seaport Trade Traffic by Country
Visualized: Seaport Trade Traffic by Country
--------------------------------------------
According to the World Bank, global seaport trade traffic reached 841 million TEUs (20-foot container equivalent units) in 2021.
In this infographic, Winifred Amase uses that data to highlight the countries with the highest seaport trade traffic.
China Leads All Seaport Trade Traffic
-------------------------------------
With a third of the world’s total seaport trade traffic surrounding its many ports, it’s no surprise to see China on top of the list.
In addition to owning seven of the world’s 10 busiest ports, the country also owns close to 100 ports across 63 other countries. This brought the country’s container traffic up to 263 million TEUs in 2021.
In second place is the United States, which saw container traffic of 61 million TEUs. Massive U.S. ports in Los Angeles and New York are some of the busiest ports on the continent.
Asian countries dominated the rest of the top 10 list, taking up seven of the remaining eight spots.
Singapore came in third with 37 million 20-foot container units passing through in 2021. The port handled 599 million tonnes of freight, making it the busiest single port in total shipping tonnage.
The ports in Dubai and Abu Dhabi make the United Arab Emirates a key player in Middle Eastern trade. With a container traffic of 19 million TEUs, the UAE is seventh on the list of nations with the highest seaport traffic in 2021.
The post Visualized: Seaport Trade Traffic by Country appeared first on Visual Capitalist.
Read details below
Visualized: Seaport Trade Traffic by Country
--------------------------------------------
According to the World Bank, global seaport trade traffic reached 841 million TEUs (20-foot container equivalent units) in 2021.
In this infographic, Winifred Amase uses that data to highlight the countries with the highest seaport trade traffic.
China Leads All Seaport Trade Traffic
-------------------------------------
With a third of the world’s total seaport trade traffic surrounding its many ports, it’s no surprise to see China on top of the list.
In addition to owning seven of the world’s 10 busiest ports, the country also owns close to 100 ports across 63 other countries. This brought the country’s container traffic up to 263 million TEUs in 2021.
In second place is the United States, which saw container traffic of 61 million TEUs. Massive U.S. ports in Los Angeles and New York are some of the busiest ports on the continent.
Asian countries dominated the rest of the top 10 list, taking up seven of the remaining eight spots.
Singapore came in third with 37 million 20-foot container units passing through in 2021. The port handled 599 million tonnes of freight, making it the busiest single port in total shipping tonnage.
The ports in Dubai and Abu Dhabi make the United Arab Emirates a key player in Middle Eastern trade. With a container traffic of 19 million TEUs, the UAE is seventh on the list of nations with the highest seaport traffic in 2021.
The post Visualized: Seaport Trade Traffic by Country appeared first on Visual Capitalist.
Read details below
Telegraph
Visualized: Seaport Trade Traffic by Country
According to the World Bank, global seaport trade traffic reached 841 million TEUs (20-foot container equivalent units) in 2021. In this infographic, Winifred Amase uses that data to highlight the countries with the highest seaport trade traffic.
Mapping the $158 Billion Impact of Online Travel Agencies
Mapping the $158 Billion Impact of Online Travel Agencies
---------------------------------------------------------
Before the first online travel agency (OTA) came online in 1994, booking a vacation would likely have involved a visit to the local travel agent, where you’d pour over guide books and flight catalogs.
OTAs are web-based marketplaces that connect travelers with vendors, like airlines and hotels. And while we have all benefited from the added convenience they’ve provided, what effect have they had on prices?
In this visualization, for our sponsor Booking.com, we look at the massive impact of online travel agencies in countries around the world.
Adding up the Savings
---------------------
Can you imagine a world without OTAs?
Well, Oxford Economics did just that for Booking.com to quantify the impact of digital platforms on the travel and tourism sector. Researcherscompared two models, a baseline case that captured actual prices between 2019 and 2021 and an imaginary world where OTAs didn’t exist. The report selected individual countries based on data availability, representativeness, and overall size of the tourism market.
Between 2019 and 2021, consumer savings in the 27 individual countries in Europe, APAC, and North America considered here totaled $158 billion. We calculated total savings by multiplying the number of room nights per country and the savings to the average daily rate, a key industry price metric.
Given the sheer size of the U.S. market, travelers there reaped the most savings from OTAs, $49.8 billion between 2019 and 2021. However, if you were to count the 17 European countries together as one bloc, their three-year total comes out ahead at $69.4 billion.
The top 10 contains recognizable travel destinations across Western Europe in addition to the U.S. and Canada. Two Asia Pacific countries also made the cut: Thailand with its stunning beaches and islands, and Japan with its rich cultural heritage.
More Bookings, More Savings
---------------------------
The more rooms booked through OTAs in a given market, the greater the overall savings.
For example, in Europe, during 2019 to 2021, OTAs accounted for 23.7% of room-nights booked, which translated into a $9.94 average reduction per night. In Asia, where only 12.8% of rooms were booked via OTAs, prices fell by $4.00 a night on average.
Read details below
Mapping the $158 Billion Impact of Online Travel Agencies
---------------------------------------------------------
Before the first online travel agency (OTA) came online in 1994, booking a vacation would likely have involved a visit to the local travel agent, where you’d pour over guide books and flight catalogs.
OTAs are web-based marketplaces that connect travelers with vendors, like airlines and hotels. And while we have all benefited from the added convenience they’ve provided, what effect have they had on prices?
In this visualization, for our sponsor Booking.com, we look at the massive impact of online travel agencies in countries around the world.
Adding up the Savings
---------------------
Can you imagine a world without OTAs?
Well, Oxford Economics did just that for Booking.com to quantify the impact of digital platforms on the travel and tourism sector. Researcherscompared two models, a baseline case that captured actual prices between 2019 and 2021 and an imaginary world where OTAs didn’t exist. The report selected individual countries based on data availability, representativeness, and overall size of the tourism market.
Between 2019 and 2021, consumer savings in the 27 individual countries in Europe, APAC, and North America considered here totaled $158 billion. We calculated total savings by multiplying the number of room nights per country and the savings to the average daily rate, a key industry price metric.
Given the sheer size of the U.S. market, travelers there reaped the most savings from OTAs, $49.8 billion between 2019 and 2021. However, if you were to count the 17 European countries together as one bloc, their three-year total comes out ahead at $69.4 billion.
The top 10 contains recognizable travel destinations across Western Europe in addition to the U.S. and Canada. Two Asia Pacific countries also made the cut: Thailand with its stunning beaches and islands, and Japan with its rich cultural heritage.
More Bookings, More Savings
---------------------------
The more rooms booked through OTAs in a given market, the greater the overall savings.
For example, in Europe, during 2019 to 2021, OTAs accounted for 23.7% of room-nights booked, which translated into a $9.94 average reduction per night. In Asia, where only 12.8% of rooms were booked via OTAs, prices fell by $4.00 a night on average.
Read details below
Telegraph
Mapping the $158 Billion Impact of Online Travel Agencies
Before the first online travel agency (OTA) came online in 1994, booking a vacation would likely have involved a visit to the local travel agent, where you’d pour over guide books and flight catalogs. OTAs are web-based marketplaces that connect travelers…
How Much Does it Take to Be Wealthy in America?
How Much Does it Take to Be Wealthy in America?
-----------------------------------------------
Is it possible to pin down an exact number on what it takes to be wealthy, or is wealth far more complex and nuanced than that?
The above graphic looks at data from the 2023 Modern Wealth Survey by Charles Schwab, which asks respondents what net worth is required to be considered wealthy in America.
Later, we look at data that partially contradicts those findings, showing that wealth is more than just a number for many of those same respondents.
Wealthy in America: A Closer Look
---------------------------------
Overall, the net worth that Americans say that is needed to be “wealthy” in the United States is $2.2 million in 2023.
Here are the average wealth numbers indicated by respondents across 12 major U.S. cities, based on a survey of 1,000 people between 21 and 75:
In San Francisco, respondents said they needed $4.7 million in net worth to be wealthy, the highest across all cities surveyed, and more than double the national average.
This figure dropped from last year, when it stood at $5.4 million. The vast majority of people in San Francisco say that inflation has had an impact on their finances, and over half say that living in the city impedes their ability to reach their financial goals, citing steep costs of living.
In Los Angeles and San Diego, it takes $3.5 million to be wealthy, the second-highest across cities surveyed. In New York, it takes $3.3 million in net worth to reach this target. It is home to over 345,000 millionaires, the highest worldwide.
Houston, where the cost of living is less than half of San Francisco, respondents said a net worth of $2.1 million is needed to be wealthy. The average salary is $67,000 in Houston, while in San Francisco it falls at $81,000.
The Wealth Paradox
------------------
Separately, the survey asked whether respondents “feel wealthy” themselves.
Overall, 48% of all respondents said they feel wealthy, and those people had an average net worth of $560,000. This is a considerable divergence from the $2.2 million benchmark they said was needed to be wealthy.
Here’s the breakdown for major cities, illustrating the paradox:
Millennials were most likely to feel wealthy, at 57% of respondents, while 40% of boomers felt wealthy, the lowest across generations surveyed.
Read details below
How Much Does it Take to Be Wealthy in America?
-----------------------------------------------
Is it possible to pin down an exact number on what it takes to be wealthy, or is wealth far more complex and nuanced than that?
The above graphic looks at data from the 2023 Modern Wealth Survey by Charles Schwab, which asks respondents what net worth is required to be considered wealthy in America.
Later, we look at data that partially contradicts those findings, showing that wealth is more than just a number for many of those same respondents.
Wealthy in America: A Closer Look
---------------------------------
Overall, the net worth that Americans say that is needed to be “wealthy” in the United States is $2.2 million in 2023.
Here are the average wealth numbers indicated by respondents across 12 major U.S. cities, based on a survey of 1,000 people between 21 and 75:
In San Francisco, respondents said they needed $4.7 million in net worth to be wealthy, the highest across all cities surveyed, and more than double the national average.
This figure dropped from last year, when it stood at $5.4 million. The vast majority of people in San Francisco say that inflation has had an impact on their finances, and over half say that living in the city impedes their ability to reach their financial goals, citing steep costs of living.
In Los Angeles and San Diego, it takes $3.5 million to be wealthy, the second-highest across cities surveyed. In New York, it takes $3.3 million in net worth to reach this target. It is home to over 345,000 millionaires, the highest worldwide.
Houston, where the cost of living is less than half of San Francisco, respondents said a net worth of $2.1 million is needed to be wealthy. The average salary is $67,000 in Houston, while in San Francisco it falls at $81,000.
The Wealth Paradox
------------------
Separately, the survey asked whether respondents “feel wealthy” themselves.
Overall, 48% of all respondents said they feel wealthy, and those people had an average net worth of $560,000. This is a considerable divergence from the $2.2 million benchmark they said was needed to be wealthy.
Here’s the breakdown for major cities, illustrating the paradox:
Millennials were most likely to feel wealthy, at 57% of respondents, while 40% of boomers felt wealthy, the lowest across generations surveyed.
Read details below
Telegraph
How Much Does it Take to Be Wealthy in America?
Is it possible to pin down an exact number on what it takes to be wealthy, or is wealth far more complex and nuanced than that? The above graphic looks at data from the 2023 Modern Wealth Survey by Charles Schwab, which asks respondents what net worth is…
Visualized: How Much Metal is Used in Clean Energy Technology?
How Much Metal is Used in Clean Energy?
---------------------------------------
In 2022, a record 12% of all global power was harnessed from solar and wind, up from 10% in 2021, underscoring the growth of clean energy sources.
Essential minerals that form the foundation of clean energy technologies are at the heart of this transition. But what makes these minerals so indispensable?
This infographic, sponsored by Teck, looks at how much, and what types of metals are used in clean energy.
Clean Energy Uses More Metal
----------------------------
Clean energy systems, on average, require more minerals to build. Let’s take a look at the amount needed for wind and solar applications.
Offshore wind uses the largest amount of metals here, with its copper demand alone reaching around 8,000 kilograms per megawatt of energy.
### A Closer Look at Copper
Copper is the world’s third most used industrial metal and is essential for clean energy technologies due to its outstanding conductivity, versatility, and superior heat dissipation capabilities compared to other metals.
Copper’s sustainability credentials are also firmly established. This is due to its recyclability rate of 100%, meaning it can be reused multiple times without any decline in performance.
Growing clean energy infrastructure will place even more significant demands on copper. A wind farm can contain between 4 million and 15 million pounds of copper.
### A Closer Look at Zinc
Zinc is renowned as one of the most versatile and vital elements in human applications. It stands as the fourth most used metal worldwide, following iron, aluminum, and copper.
Its primary application is in the galvanization process, where it acts as a protective layer for iron and steel against corrosion.
Zinc coatings play a crucial role in public transportation and infrastructure by extending the life of steel used in bridge rails, support structures, railway tracks, and more.
The construction of solar panels and wind turbines has resulted in additional demand for zinc because these assets are always exposed to the elements.
A 100MWh solar panel park—capable of powering 110,000 homes—needs 240 tonnes of zinc.
Metals for the Future
---------------------
As the world moves towards renewable energy sources, copper, and zinc will remain in high demand.
Read details below
How Much Metal is Used in Clean Energy?
---------------------------------------
In 2022, a record 12% of all global power was harnessed from solar and wind, up from 10% in 2021, underscoring the growth of clean energy sources.
Essential minerals that form the foundation of clean energy technologies are at the heart of this transition. But what makes these minerals so indispensable?
This infographic, sponsored by Teck, looks at how much, and what types of metals are used in clean energy.
Clean Energy Uses More Metal
----------------------------
Clean energy systems, on average, require more minerals to build. Let’s take a look at the amount needed for wind and solar applications.
Offshore wind uses the largest amount of metals here, with its copper demand alone reaching around 8,000 kilograms per megawatt of energy.
### A Closer Look at Copper
Copper is the world’s third most used industrial metal and is essential for clean energy technologies due to its outstanding conductivity, versatility, and superior heat dissipation capabilities compared to other metals.
Copper’s sustainability credentials are also firmly established. This is due to its recyclability rate of 100%, meaning it can be reused multiple times without any decline in performance.
Growing clean energy infrastructure will place even more significant demands on copper. A wind farm can contain between 4 million and 15 million pounds of copper.
### A Closer Look at Zinc
Zinc is renowned as one of the most versatile and vital elements in human applications. It stands as the fourth most used metal worldwide, following iron, aluminum, and copper.
Its primary application is in the galvanization process, where it acts as a protective layer for iron and steel against corrosion.
Zinc coatings play a crucial role in public transportation and infrastructure by extending the life of steel used in bridge rails, support structures, railway tracks, and more.
The construction of solar panels and wind turbines has resulted in additional demand for zinc because these assets are always exposed to the elements.
A 100MWh solar panel park—capable of powering 110,000 homes—needs 240 tonnes of zinc.
Metals for the Future
---------------------
As the world moves towards renewable energy sources, copper, and zinc will remain in high demand.
Read details below
Telegraph
Visualized: How Much Metal is Used in Clean Energy Technology?
In 2022, a record 12% of all global power was harnessed from solar and wind, up from 10% in 2021, underscoring the growth of clean energy sources. Essential minerals that form the foundation of clean energy technologies are at the heart of this transition.…