Wealth in the world grew by 9.8 percent in 2021, but it is increasingly concentrated in a few, since almost half of the money is in the hands of 01% of people, the Credit Suisse bank announced on Tuesday.
According to the institution’s study, global wealth amounted to 465,000 million euros at the end of last year, of which 45.6% was in the hands of 1% of people, which is 1.7% more than in 2020.
furthermore, the the increase in wealth was concentrated in just two countries: The United States represents half of the total and China a quarter of the “pie”.
The rest of the world shared a quarter of the remaining amount, according to analysis by Credit Suisse bank cited by the Spanish news agency Efe.
The increase in wealth of 9.8% in one year, however, is already being corrected at current exchange rates, but without this factor growth would reach 12.7%, which represents the highest annual growth rate fastest ever recorded. This comes in a year when the world was just beginning to recover from the Covid-19 pandemic.
the year of 2021 “was a good year for finances”commented one of the authors of the analysis, Anthony Shorrocks, at the presentation of Credit Suisse’s annual wealth report, citing rising stock markets and lower interest rates set by central banks as the main reasons for the scenario.
“It is too early to determine the impact that the war in Ukraine, inflation and problems in global supply chains will have, which could lead to a reversal of the trend,” said the bank’s head of research, Nannette Hechler. Fayd’. herb. .
But even if growth in household wealth stalls in the short term, analysts view the five-year projections as positive and expect global wealth per adult to rise, on average, 28% by 2026, surpassing the threshold. of 100,000 euros in two years.
The average wealth of adults increased last year by 8.4% to €87,600.
The United States and China were the main contributors to the growth of world wealth last year, the first country with more than 20,000 million euros and China with more than 11,300 million euros.
The two countries were followed by Canada (with another €1.9 billion) and by India and Australia.
The United States also tops the list of adults considered ultra-rich (with assets of more than 50 million euros), while China reappears in second place.
Overall, the number of ultra-rich has increased by 21%, while the number of “simple” millionaires (those with more than a million euros) has increased by 9%, including 62.5 million people.
In 2021, 30,000 new ultra-rich emerged in the US, 5,200 more in China, 1,750 more in Germany1,610 more in Canada and 1,350 more in Australia, but the departures of this group were scarce, citing only the United Kingdom (with 1,130 fewer people), Turkey (minus 330) and Hong Kong (minus 130).
At the base of the pyramid are those who had a “wealth” of less than 10,000 euros in 2021 and who represent more than half (53%) of the world population.
Europe accumulates the largest share of wealth in regional terms, behind the US and ahead of China, although it only increased by 1.7 billion in 2021, a fraction of the 32.6 billion euros that the two largest economic powers added together.
Source: Observadora
