Turn on the radio, the TV, or check out the news feed on your device-of-choice, and you’re likely to find much more bad news than good these days. It all paints a pretty grim picture of our future, doesn’t it? Or DOES it? Could it be possible that underneath it all, between all the headlines, that things are actually getting better?
To illustrate the point, did you know that disposable personal income in the US reached nearly $14 trillion in 2016? That’s an increase of nearly 40% from the start of the housing market crash in 2007. And all the personal credit card debt we heard about? That has improved also—dropping from a high of $865 billion in 2009 to $665 billion in 2015.
Research shows that poverty around the world is also on the decline. As developing economies continue to expand while the world’s leading markets continue to grow, the standard of living around the world is improving also. Millions of people across the globe are moving into the middle class for the first time, which could benefit those businesses poised for international growth.
With improved access to education, continuous innovation and a passion for achieving a better life through business ownership, you could make the case that the world is not only in better shape than it seems, but that the outlook for the future is bright as well.
These days, pessimism seems to run rampant. You may have heard the idea that bad news is more profitable to the purveyors of the headlines than good news. So, isn’t it nice to know that—in spite of what you hear—things may, in fact, be getting better for people, rather than worse? What do you think?