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Quote by: McAiden The Irish are a remarkable, amazing, people. Look, they are really sitting pretty. How did they do that? Why don't we ask them. My great-great grandfather came to this country from Ireland in early 1800s, was Scots-Irish but I'm not sure what that means. He married a Cherokee Indian girl. |
It's not just physically that we are closer to America. We know on which side our bread is buttered. Most of us feel a big loss since Bill left office. We cannot understand what is happening now in the US, but know we do not want to be anyone's lapdog.
Yes, we are sitting pretty. We even need more people to keep the boom going.
Report: Ireland second only to Japan as richest nation
09:56 Monday July 10th 2006
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A new league table of wealthy nations is putting Ireland second richest, behind Japan. The Bank of Ireland report puts us ahead of the US, the UK, Italy, France and Germany and puts our average net worth per head at almost �150,000.
This report examines how rich Ireland has become over the past ten years. The country is now home to 30,000 millionaires, and we're saving more than �10m a year. Our net wealth has grown by 350% in the past decade, and it is estimated that net worth here will reach �1.2 trillion by 2015.
The study also notes that the bulk of our wealth has been created since the mid-90s, and attributes this to a willingness to borrow to invest, and to take risks.
Bank of Ireland's research predicts that as property prices stabilise, Irish people will choose different forms of investment, and choose to hold more of their assets in cash.
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