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The world's wealth will grow 26% in the next five years, up to 399 billion dollars

The world's wealth continues to grow while the United States and China increase their distance from other countries

It is estimated that currently women own approximately 40% of the total world wealth

Credit Suisse Research Institute publishes the ninth edition of the World Wealth Report

According to the report, wealth per adult has increased by 3.2%, raising world average wealth to a historic high of $ 63,100 per adult. Within this growth, the United States is the region that has contributed most to the world's wealth , with a total of 98 billion dollars, have added 6.3 billion dollars this year and maintain since 2008 an uninterrupted rate of growth of total wealth and of wealth per adult.

World wealth is expected to grow by about 26% in the next five years, reaching 399 trillion dollars in 2023. Emerging countries will be responsible for 32% of the growth of this wealth, although at present they represent only the 21% of the wealth. The number of millionaires will increase notably in the next five years, until reaching a new historical maximum of 55 million dollars.

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In second place is China, with a total of 52 billion dollars, adding this year 2.3 trillion dollars. If another 23 trillion dollars is added over the next five years, it would raise its global share from 16% in 2018 to just over 19% in 2023.

"This year's report looks at some fascinating advances. The United States and China are clearly the ones that stand out against other countries because, despite the growing commercial tensions, they are driving the growth of wealth globally. Much of the year-on-year variation in wealth levels can be attributed to fluctuations in asset prices and exchange rates, which had their greatest impact in Latin America and in some parts of the Asia-Pacific region. " explains Michael O'Sullivan, Regional Investment Manager for EMEA IWM (International Wealth Management).

For its part, Europe continues to represent a significant share of wealth worldwide and concentrates one third of the people in the world's highest wealth (those with a net worth of more than 100,000 dollars) and 30% of people with a high purchasing power in the world. "The stable evolution, although not very spectacular, in Europe in the last year has been influenced by political uncertainty and changes in exchange rates, with events such as Brexit, which have impacted a difficult year for the United Kingdom", O'Sullivan points.

Gender and generation

Another aspect of wealth on the data throws important this report is on the issue of gender. It is estimated that currently women own approximately 40% of the total world wealth .

Although its share has increased markedly during the 20th century, this growth may have stagnated since 2000. The report analyzes global variations, along with differences in portfolio composition, risk aversion and the impact on the millennial women.

According to Nannette Hechler-Fayd'herbe, Global Head of Investment Strategy & Research, "We are pleased to have deepened this year's prospects for global wealth for women. Although globally there are still differences in wealth between men and women, and in some regions this gap is much more pronounced than in others, the difference has been markedly reduced over the years and it is expected that it will continue to do so. that the number of women who have access to education and who participate in the labor market grow. There are also signs that there are more independent women, who are triumphing in business and access to the highest spheres of wealth. However, the challenges persist, even in the countries that are making the most progress.

It is necessary to carry out more initiatives that guarantee that women have the same opportunities to build,

Finally, it deals with the distribution of wealth according to the population pyramid. In this sense , the two upper levels of the pyramid of world wealth (more than 100,000 dollars), which represent 9.5% of the world's population, together account for 84.1% of total wealth , a decrease of 86% compared to last year.

The two lower levels, which represent 90.5% of the world population, own 15.8% of the world's wealth, which corresponds to 50.4 billion dollars, a considerable increase compared to 40 billion dollars from last year. This shows a trend towards reducing the global wealth gap.


SUBMITTED BY Funds Society

Source: http://www.fundssociety.com/es/noticias/mercados/la-riqueza-mundial-crecera-un-26-en-los-proximos-cinco-anos-hasta-los-399-billones