Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

This year’s Legatum Prosperity Index finds that prosperity has plateaued for the second year running. Scandinavian countries, Denmark, Norway, Sweden, topped the list again, with the UK slipping to 13th place behind Ireland despite being the 6th largest economy in the world. The world’s biggest economy, the US, was ranked 20thand the number two economy China only ranked in 54th place, behind countries like Panama and Georgia. Whilst the plateauing of prosperity has been caused — at least in part — by the health and economic consequences of the COVID-19 pandemic, it has also been driven by the concerning erosion of many of the core features that underpin prosperity. Specifically, we have seen an ongoing deterioration in Political Accountability and Freedom of Speech and Assembly in most regions of the world. We are calling this out as a key area of concern. The Rise of Africa We have seen prosperity stall for the second successive year in the world’s two most prosperous regions (North America and Western Europ