“THE GREATEST FORTUNES TO BE MADE IN THE YEARS AHEAD WILL NOT BE MADE IN WHAT PEOPLE WERE DOING 5, 10 OR 15 YEARS AGO. THEY WILL BE MADE IN INDUSTRIES THAT MOST PEOPLE TODAY DON’T EVEN REALIZE EXIST, OR DON’T YET THINK OF AS “INDUSTRIES.”
– BY PAUL ZANE PILZER
As an economist, I deal with large-scale trends in the economy, often measured in the billions or trillions of dollars. But people often don’t grasp the meaning of billions and trillions. People aren’t really concerned about “the economy”—they’re concerned about “their economy.” They want to know, “What can I do in this new economy to succeed, to take care of myself and my family?” I wrote The Next Millionaires to explain where our economy has been, where it is today, and where it’s going—but even more importantly, to bring all of this down to the level of “your economy.”
Since 1991, U.S. household wealth quadrupled from $13 trillion to about $52 trillion in 2005. Reading such figures, you might say, “That’s interesting… that sounds like good news.” But it becomes very personal when we look at what this actually means to individual entrepreneurs who are involved in the most economically vibrant emerging new industries.
There is something very different about this enormous increase in household wealth—something that has never happened before, and which has significant implications for people’s individual lives: This growth is occurring not only among an exclusive group of the already-rich, but throughout a broad demographic that includes millions of “ordinary people.”
Listen to Paul’s economic view on this exciting business.
If you are up for a read – here is his business article in pdf. Click here