Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: BubbaFred who wrote (60635)	2/28/2005 6:09:32 AM
From: Elroy Jetson	Read Replies (2) of 74559

Insurance most directly addresses the concerns of the affluent who don't want to lose what they have. When industrialized nations like Europe and the United States were less wealthy, insurance was not a popular item - with the exception of life insurance for heads of households and fire insurance for business and more affluent home owners. In a less affluent society like China, especially given that basic health care is provided by the regional governments, private insurance is an unfamiliar luxury good which does not provide the immediate tangible gains of a new automobile or a cell phone. .

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