Worldwide Financial Planning

The test flight is undoubtedly a defiant response to the to the additional sanctions imposed on the dysfunctional state this week by the UN in response to their earlier nuclear test.

Less alarming domestic developments come in the form of the Bank of England's latest decision not to raise interest rates yet again.

There has been a stampede to transfer assets from company schemes as the transfer values have soared particularly in light of the Brexit vote.

This week the natural disasters keep on coming, with another potentially more damaging storm about to hit the south-east cost of America, and at the time of writing there is breaking news of a huge earthquake in Mexico that might have caused many fatalities.

The economic impact of these events is always difficult to estimate.

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It is still too early to fully understand the human cost, even before we begin to consider the economic costs.

But to give some sense of the scale of the impact, it has been estimated that insured losses alone will top $90bn, and that doesn't even begin to cover the lost production and capacity.

If the average family in the UK was earning £1,908.20 in 1951 they would be earning double their annual household spending and be able to save. If they were earning £1,908.20 in 2017, they would be falling short by £25,593.00 and unable to stay alive never mind save.