Every year, Credit Suisse takes an in-depth look at assets around the world (I often pull up a chart or two to read). Data always has some interesting results about how very rich Investing, consuming, and otherwise spending their time and money. I don’t always mention it, but interesting and unusual findings are always worth sharing.

This year is one of those times.

Both global wealth, dollar total, and percentage gain, each reached all-time highs. There were some very interesting highlights of the actual data, including some gigantic numbers:

– Global wealth: $463.6 trillion (end of 2021)
-Growth vs. 2020: +9.8%
-Annual average gain: +6.6% (average 2001-2021)
-Total global assets: +12.7% (fastest annual rate ever).
– Wealth per adult: $87,489
-Real (inflation-adjusted) assets: +8.2%.

Profit by country
1. United States of America
2. China
3. Canada
4. India
5. Australia

Total wealth per capita
1. Switzerland ($696,600)
2. United States of America
3. Hong Kong
4. Australia,
5. Belgium

In the US, African American and Hispanic households saw the largest percentage increases in wealth (+22.2% and +19.9%), but one of the biggest surprises was the generational gain of Millennials and Gen X: they increased their wealth the most between 2019 and 2022 Dramatically:

Most ultra-high-net-worth individuals
The United States has more than 140,000 2
China 32,710
62.5 million millionaires worldwide (+5.2 million from 2020)

The 5-year outlook is for global wealth to grow by $169 trillion by 2026; By 2024, global wealth per adult will exceed $100,000, and the number of millionaires will exceed 87 million individuals over the next five years. Most of the media focuses on a silly number – the number of millionaires worldwide by 2026 forecast from 62 million to 87 million in 2021 – a ~40% gain.

The full 72-page PDF is definitely worth checking out…

in the past:
Asset Allocation Analysis (July 18, 2019)

Wealth Distribution in America (April 11, 2019)

Wealth Composition Differs: Middle Class to Top 1% (Jun 5, 2019)

No, Your iPhone Doesn’t Make You Rich (Jun 4, 2018)

formula:
The Global Wealth Report 2022 is the leading vision for navigating the future
Credit Suisse, September 2022
PDF

see more:
Bloomberg WealthScore

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1. Note: Asset losses are almost always associated with currency devaluations against the US dollar, such as those affecting Japan, Italy and Turkey.

2. The wealth share of the bottom 50% of households in the United States rose from 1.84% to 2.64%, mostly due to rising real estate prices.

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