Yearly, Credit score Suisse places out an in-depth have a look at wealth around the globe (I typically pull a chart or two for the reads). The info all the time has some attention-grabbing findings about how the very rich are investing, consuming, and in any other case spending their money and time. I don’t all the time reference it, however intriguing and anomalous findings are all the time value sharing.
This yr is a type of occasions.
World wealth, in each greenback totals, and proportion beneficial properties, every hit all-time highs. The precise knowledge had some very attention-grabbing highlights, together with some ginormous numbers:
-World Wealth: $463.6 trillion (finish of 2021)
-Enhance versus 2020: +9.8%
-Annual common beneficial properties: +6.6% (Avg 2001-2021)
-Combination world wealth: +12.7% (Quickest annual charge ever).
-Wealth per grownup: $87,489
-Actual (inflation-adjusted) Wealth: +8.2%.
Positive aspects by nation
1. United States
Whole Wealth per capita
1. Switzerland ($696,600)
2. United States
3. Hong Kong
In america, African American and Hispanic households noticed very largest proportion will increase in wealth (+22.2% and +19.9%), however an the most important shock was the generational beneficial properties by Millennials and Gen X: They grew their wealth most between 2019 and 2022 dramatically:
Most ultra-high-net-worth people
United States with over 140,000 2
Worldwide there are 62.5 million millionaires (+ 5.2 million from 2020)
The 5-year outlook is world wealth will improve by $169 trillion by 2026; by 2024, world wealth per grownup ought to move $100,000 and the variety of millionaires will exceed 87 million people over the following 5 years. A lot of the media targeted on a foolish quantity – a forecast of the variety of world millionaires by 2026 at >87 million from 62 million in 2021 – a achieve of ~40%.
The complete 72-page PDF is certainly value trying out…
Wealth Distribution Evaluation (July 18, 2019)
Wealth Distribution in America (April 11, 2019)
Composition of Wealth Differs: Center Class to the Prime 1% (June 5, 2019)
No, Your iPhone Does Not Make You Rich (June 4, 2018)
World Wealth Report 2022 Main views to navigate the longer term
Credit score Suisse, September 2022
2. Wealth share of backside 50% of households in america elevated from 1.84% to 2.64%, largely attributable to an increase within the worth of actual property.