There are 2 main ways to grow wealth savings, and capital appreciation. Net worth takes time to build up so in general the older we get the wealthier we become. Median and Average Net Worth by Age Group The United States is ranked 27th on the list above with $38,786 per adult.Older data: Top 20 countries in 2012 with the highest median net worth per adult. For the diagram above, if your net worth is over $1 million USD you are part of 34 million people who make up 0.7% of the world’s population and control 45.2% of all wealth.How Net Worth is Divided By Global Population has the highest concentration of millionaires with 15.7 million people who have at least a million dollars. The US will remain the undisputed leader in terms of wealth, holding nearly a third of the global total. Global wealth is likely to continue to grow at an annual rate of 6.5% in the coming years, reaching 345 trillion US dollars in 2020, 38% above the current level of wealth. How Net Worth is Spread Around the Worldġ4% of adults worldwide are middle class, with $50,000-$500,000 of assets. About $68,800 secures a place in the top 10%. Finally, the top 1% of the world’s richest people require a net worth of $759,900 or higher. ( source)Ī person needs only $3,210 to be in the wealthiest 50% of world citizens. That number dropped to 984,000 this year, thanks largely to the huge drop in the loonie. In Canada, there were 1,100,000 people last year in 2014 worth at least US $1 million. They make up 0.7% of the world’s adult population and accounts for 45% of the world’s collective wealth. There are 34,000,000 millionaires in the world. However, the growth of wealth in emerging markets has been most impressive, including a fivefold rise in China since the beginning of the century,” said Credit Suisse CEO Tidjane Thiam. “Wealth is (nevertheless) still predominantly concentrated in Europe and the United States. The rise in household wealth was particularly strong in the US and China between mid-2014 to mid-2015. The underlying wealth trends do, however, generally remain positive. Median: The middle mark in a series, where half the population has more, and the other half has less.Īccording to Credit Suisse’s annual wealth report, global wealth reached US $250 trillion in 2015, slightly less than a year earlier, due to the increased strength of the US dollar.Average: The sum of all the data divided by how many entries there are.in 2010 was $77,300 according to the Federal Reserve.
The median household net worth in the U.S.Canadians in total have approximately $7.3 trillion ($7,300,000,000,000) of combined net worth, ($9.2 trillion in household assets and $1.9 trillion in liabilities.).(about 1% of Canada’s population are liquid millionaires) (Source: Capgemini, World Wealth Report.) There are about 350,000 Canadians who have US $1 million in financial assets, not counting their principal residence.
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