What is the future of the world economy

What is the future of the world economy

In todays blog I wanted to discuss a topic Ii thought should have some discussion since it will affect all of us no matter your background or income. I also believe that this future is coming soon so I thought it was really important to cover. I'm sure many of you would agree with me so that's why I decided to also cover this topic. With all that being said this isn't financial advice so don't take this as such in any way. With all that being stated though we can now get into todays special blog article.       

The future of consumerism

Now for those who don't know what consumerism is simply put it's a major economic factor to the modern day economy that means people the consumers are "consuming" or buying goods and services a majority of the time and with the majority of their money. Now the future on consumerism isn't going to be in the physical world we live in now but the digital one. Now you may ask what do I mean by that? I believe that the future of the world is going to be in the digital one more specifically by what I mean by that is the metaverse. Now if you don't know what the metaverse is then simply think of it like this it's the future of the digital world where we can actually live in it and experience it. Take a look at all the tech companies and entertainment companies they are all moving towards the metaverse because of it's potential. I also believe in this because of the rising popularity of VR in gaming and the fact that VR headsets are getting cheaper and cheaper with each new generation or model. Not only that but buying the day to day things we use are getting cheaper and cheaper online on websites like amazon and eBay and the shipping is becoming cheaper and faster as these companies figure out supply chains and set their own supply chains up.         

The future of investing

The future of making money and becoming wealthy is going to be very different then what people are use to nowadays. Now you may ask what exactly do I mean by that? Well let me explain a little more to you to simply put investing is going to be easier for the average person to do and there are many reasons for this. One of the main reasons is because it's becoming more accessible through smartphone apps and websites that can be used on computers. This accounts for all investing wealth generating assets such as Cryptocurrency, real estate, and Stocks. I also believe as personal finance education becomes more popular amongst young people and more accessible to third world countries and older people that investing will become more of a normal finical topic to discuss amongst normal folks compared to the now where those conversations are only held between entrepreneurs and the wealthy.   

  
The future of the overall world economy

The future of the world economy is going to be very different then what it is now and what it use to be in the past. I foresee the worlds economy becoming more digital and less involved in the real world and there are many reasons as to why I believe in this statement. One of the main factors as to why I have this opinion is because of the growing use of digital technologies in our everyday lives from work to leisure to everyday mediocre task. I also want to state that more assets are becoming digital by the day for example look at cryptocurrency which is turning money into a digital form. Also take a look at NFTs which is turning creations made by creators to a profitable job. Which is going to turn the worlds economy into a gig economy where about half or a majority of the worlds population will start working for themselves in some sort of way. As working from home becomes more popular and more small business are going online we will see the world economy slowly transaction to a gig economy and then quickly. With the first and second world countries first adopting this economy then as more broadband and electricity infrastructure is set up in third world countries we will see them adopt to this economic standard.        

My Final Words     

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