• Visualizing the Pyramid of Global Wealth Distribution

    From a425couple@21:1/5 to All on Wed Nov 15 14:35:02 2023
    XPost: alt.economics, seattle.politics

    see the graph at

    Visualizing the Pyramid of Global Wealth Distribution Published 2 weeks
    ago on November 2, 2023
    By Dorothy Neufeld
    Christina Kostandi
    Global wealth distribution pyramid

    Visualizing the Pyramid of Global Wealth Distribution
    Who controls global wealth?

    In 2022, the world’s millionaires held nearly half of net household
    wealth. Decades of low interest rates led equities and real estate
    values to soar, and these assets are disproportionately held among the world’s wealthiest.

    While a steep rise in interest rates decreased these fortunes in 2022,
    the share of wealth controlled by the global millionaire population
    remains substantial.

    The above graphic shows the distribution of global household wealth,
    based on the annual 2023 UBS Global Wealth Report.

    The Distribution of Global Wealth
    Worldwide net private wealth stood at $454.4 trillion in 2022.

    Here’s how it was distributed across various levels of net worth, which
    takes a person’s financial and real assets such as housing, and
    subtracts their debt:

    Net Worth Number of Adults Share of Adults Total Wealth Share of Global
    More than $1 million 59.4M 1.1% $208.3T 45.8%
    $100,000 to $1 million 642.0M 12.0% $178.9T 39.4%
    $10,000 to $100,000 1.8B 34.4% $61.9T 13.6%
    Less than $10,000 2.8B 52.5% $5.3T 1.2%

    The highest wealth rung controls $208.3 trillion in wealth, or 45.8% of
    the global total. Just 1.1% of the world adult population fall in this

    Those with $100,000 to $1 million have the next greatest share, at 39.4%
    of net household wealth.

    We can see that wealth ownership begins to decline dramatically in the
    next bracket. People with $10,000 to $100,000 control just 13.6% of
    global wealth. However, the number of people in the global middle class
    have more than doubled over the last two decades, driven by the rapid
    expansion of China.

    Interestingly, the lowest segment of wealth has shrunk considerably
    since 2000. Between 2000 and 2022, it fell from 80.7% to 52.5% of the
    global population, and is projected to keep decreasing. Despite this,
    the total share of wealth controlled by this rung is just 1.2% of the
    global total.

    Future Outlook
    By 2027, global wealth is estimated to reach $629 trillion. Here’s the forecast for how wealth distribution is set to evolve:

    Net Worth Percent of Global Adults
    2000 Percent of Global Adults
    2022 Percent of Global Adults
    More than $1 million 0.4% 1.1% 1.5%
    $100,000 to $1 million 5.5% 12.0% 14.8%
    $10,000 to $100,000 13.4% 34.4% 37.0%
    Less than $10,000 80.7% 52.5% 46.6%
    Over this time period, the global millionaire population is set to reach
    86 million. Below, we show how this is projected to change in select

    Country / Region Number of Millionaires
    2022 Number of Millionaires
    2027P Change

    🇺🇸 U.S. 22.7M 26.4M 16%
    🇨🇳 China 6.2M 13.2M 112%
    🇫🇷 France 2.8M 4.0M 43%
    🇯🇵 Japan 2.8M 3.9M 40%
    🇩🇪 Germany 2.6M 3.4M 30%
    🇬🇧 UK 2.6M 4.8M 86%
    🇨🇦 Canada 2.0M 3.3M 63%
    🇦🇺 Australia 1.8M 2.8M 53%
    🇮🇹 Italy 1.3M 1.7M 25%
    🇰🇷 South Korea 1.3M 2.1M 64%

    Showing 1 to 10 of 20 entriesPreviousNext
    As the above table shows, double-digit growth in the millionaire
    population is projected for many markets, with China, Brazil, and the UK forecast to see the fastest growth by 2027.

    Overall, total global wealth is forecast to increase 6.7% annually on
    average by 2027 factoring in current global inflation forecasts and GDP projections.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)