Credit Suisse Research Institute’s Global Wealth Report 2018 is Out
The Credit Suisse Research Institute’s Global Wealth Report is the most comprehensive source of global household wealth information. It analyzes wealth held by 5.0 billion adults across the globe, from the least affluent to the wealthiest individuals. Now in its ninth edition, the report includes a focus on female wealth holdings, in particular on gender differences with males.
The ninth edition of the Global Wealth Report published by the Credit Suisse Research Institute provides the most comprehensive and up-to-date source of information available on global household wealth. During the twelve months to mid-2018, aggregate global wealth rose by $14.0 trillion (4.6%) to a combined total of $317 trillion, outpacing population growth. Wealth per adult grew by 3.2%, raising global mean wealth to a record high of $63,100 per adult. The US contributed most to global wealth adding $6.3 trillion and taking its total to $98 trillion. This continues its unbroken run of growth in both total wealth and wealth per adult every year since 2008. Unsurprisingly, China is now clearly established in second place of the world wealth hierarchy. The country overtook Japan with respect to the number of ultra-high net worth (UHNW) individuals in 2009, total wealth in 2011 and the number of millionaires in 2014.
This year’s report also provides new insights on female wealth holdings. Women now account for an estimated 40% of global wealth overall and their share of wealth has grown considerably throughout the 20th century. The report explores global variations in female wealth accumulation, along with differences in portfolio composition, risk aversion and the impact on female Millennials.