2023-08-16 11:02:00
THE FIGURE OF THE WEEK. According to a study by UBS, the poor performance of the stock markets explains the decline, unprecedented since 2008, in the fortunes of households on a global scale.
By PD for Le Point.fr According to UBS estimates, the average individual wealth of each adult fell worldwide in 2022 by $3,198, or 3.6%, to settle at the end of December at $84,718. © DAVID HIMBERT / Hans Lucas via AFP Published on 08/16/2023 at 11:02
According to the 14th edition of the “Global Wealth Report” published by the Swiss bank UBS, global household wealth stood at $454.4 trillion at the end of 2022, down $11.3 trillion over one year, i.e. a drop of 2.4%, the first since 2008 and the subprime crisis.
With losses estimated at $10.9 trillion, North America and Europe account for the bulk of this global decline in private wealth. This is mainly attributable to the poor performance of the stock markets and the fall in the value of financial assets (–19,000 billion dollars).
France ranked 12th in the world
According to UBS estimates, the average individual wealth of each adult fell worldwide in 2022 by $3,198, or 3.6%, to stand at $84,718 at the end of December. Switzerland tops this ranking, with wealth per adult of $685,230, ahead of the United States ($551,350), Hong Kong ($551,190), Australia ($496,820) and Denmark ($409). $950). With an average wealth of $312,230, France ranks twelfth in the world, behind Belgium ($352,810) but ahead of the United Kingdom ($302,780).
Finally, the report estimates the number of millionaires (in dollars) in the world at the end of 2022 at 59.4 million, 3.5 million less than a year earlier. It was in the United States that it fell the most (– 1.8 million), followed by Japan (– 466,000) and the United Kingdom (– 439,000) while on the other hand it increased by 120,000 in Brazil and 104,000 in Norway. At the end of 2022, France had 2,821,000 millionaires.
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