Changing Your Perspective: 4 Reasons Why 2018 was the Best Year in History

Changing Your Perspective- 4 Reasons Why 2018 was the Best Year in History
Picture of Walter Wisniewski, CFP®

Walter Wisniewski, CFP®

It’s easy to see everything that is going wrong in the world. In fact, it would actually be challenging to read through a newspaper or turn on the news without being bombarded by all things terrible: political unrest, global warming, contaminated foods, disease outbreaks; the list goes on and on. On top of that, our brains tend to focus and remember the negative more than the positive. It’s called a “negativity bias”.[i] In this article, we will look at some reasons why this age of fast-paced globalization and unimaginable technology is pretty darn amazing.


It’s easy to take for granted the simple creature comforts when we have deadlines, kids, traffic, etc. But did you know that each day, nearly 300,000 people gain electricity for the first time? Another 305,000 get clean water. We are in a transitional state where huge populations are moving into the middle class, and with it comes advances in literacy, infrastructure, and amenities that improve quality of life, health, and infant mortality! For example, in 1960 19% of children died before the age of five and that number is now closer to 4%.[ii]


In the last 70 years, the world population has made huge steps out of poverty. Currently, fewer than 10% of the world is in extreme poverty whereas that number was 44% only 35 years ago.[iii] As a result of widespread access to vaccines, 85% of all one-year-olds in the world, have been vaccinated. Improved access to medicine has vastly improved the quality of life for people all over. Global life expectancy worldwide has jumped from 48 in 1950 to 71.4 years today.[iv]

Huge leaps in economic world growth have improved the lives of many people. Global GDP has expanded seven-fold between 1950-2001 with per capita income tripling in that time.[v] For the majority of human history, most people were deeply impoverished. With half the world’s population now above the middle class, we have reached a tipping point in the overall quality of life. Obviously, the definition of the middle class varies widely across countries and cultures, but but over 50% of the world has enough income to cover the basic fixed expenses and non-discretionary needs, have a little extra for consumer goods, and are able to weather a rough patch like illness or unemployment. A larger middle-class result in a greater need for goods. In fact, private household consumption totals about half the global economy. The middle class is also the fastest growing world population, adding another 4 billion people by 2020 alone.[vi]


As much as the news would have you believe otherwise, the world has also become a kinder and safer place. Governments prioritizing global health have made a huge impact. Making vaccines, basic medicine, and contraception readily available helps to move people out of poverty and improve the quality and longevity of life. Advancements in medicine and access to it have made huge dents in the number of deaths from Malaria and AIDS. There have been significant drops in homicide and overall crime.[vii] More people have access to democratic rule and are able to speak their minds, voice their opinion and cast their vote for the candidate or party they believe is going to represent them best.


In the last 25 years alone, the number of people relying on unsafe sanitation has dropped from 57% to 33%.[viii] Millions of people have had their quality of life vastly improved by something as simple as clean water and proper toilet sanitation. Roads, electricity, water, and access the internet, open myriad possibilities to populations who have not had access to such normal infrastructure that we experience in our lives every day.


Our daily news headlines make it difficult to find these positive changes constantly occurring in our world. There will always be struggle and hardship, but major advancements and progress are happening every day. Unemployment is at record lows. In one county in Wisconsin, the unemployment rate hovers around 2%. A local factory has taken to hiring white collar prison inmates earning full wages as they serve their sentences, helping them to assimilate back into society after their sentence is over. Other companies are lowering their standard for work experience on job-postings, thus expanding their search for competent employees. [ix] Our world is changing. And despite the negative headlines, it is changing for the better. It isn’t always easy to find the good in the world, but with a little practice, you may be able to find it in the simple acts of turning on your lights or having a glass of water and knowing that 300,000 new people that day are able to do the same for the first time in their lives…











Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. Information provided in this blog is for educational purposes only and is not intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with own financial advisors, accountants, or attorneys regarding your individual circumstances as needed. No advice may be rendered by Arcadia unless a client service agreement is in place. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Begin Your Discovery

Our initial discovery meeting is complimentary and  gives us the opportunity to provide information and resources about who we are and what we do, so that you can make an informed decision about who you choose to work with on the future of your wealth.

Let's Stay Connected

Follow us on social to get the latest market insights, retirement planning tips, and financial planning articles.