A time for reassessment

You will find them in the leafier, tonier suburbs of London, Frankfurt, New York, San Francisco, Chicago. Well-groomed, satisfied-looking men and women sipping cappuccinos, enjoying the afternoon sun on a working day. The new investment banking unemployed are rediscovering the pleasures of family life and ample leisure.
Of pain and worry there is little sign yet. A generation is being laid off into considerable initial comfort - generous payoffs and substantial equity in expensive houses to fall back on.
Early middle age is a good time to reassess the fraught and hectic years of endless working nights and weekends. The wealth those years brought, and the escape from them, provides a feel-good factor that persists for now. Thoughts turn to new careers in teaching, charity work or setting up that little local business.

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Euromoney’s 2012 FX survey results

The money network:

A time for reassessment

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A time for reassessment

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