The growth rate of world wealth from mid-2016 to mid-2017 is 6,4% ($16,7 billion), the highest since 2012 to date. Ten years after the start of the global financial crisis, according to the "Global Wealth Report 2017" by Credi Suisse Research, overall economic well-being has increased by 27%.
The United States was the driver of growth after the financial crisis, favored by solid market conditions. The States have contributed 8,4 trillion dollars to world growth.
Among the countries of the Eurozone, four have reached the top ten countries with the greatest increases in global wealth in absolute terms: Germany, France, Italy and Spain. The situation in the United Kingdom remains uncertain, mainly due to the impact that Brexit has had on the financial markets and on the depreciation of the pound.
The growth reflects large-scale gains in the equity markets, combined with similar gains in the non-financial arena. In addition, the increase in wealth outpaced the increase in population: the average wealth per capita grew by 4,9%, to a new all-time high of $56.540.
Switzerland remains the world leader in terms of growth in the per capita wealth of the adult population, equal to 40% in the last ten years.
However, the study reveals a "Millennial disadvantage": the prospects for the accumulation of wealth of young people are negative due, for example, to stricter rules for access to mortgages, rising house prices, and lower income mobility . On the other hand, however, the number of billionaires under the age of 30 has increased.
