Credit Suisse's wealth report shows "a steady increase in household wealth"



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In its study of household wealth around the world, this year's report found that global wealth continued to grow at a moderate pace, partly reflecting the continued rise in equity markets. Even more, however, the increase in wealth was due to the rise in non-financial assets of the middle class.

"Financial assets … continue to make a substantial contribution to growth in household wealth, accounting for 41% of the increase in global gross wealth and over two-thirds of the rise in North America. Non-financial assets grew faster In the past 12 months, they have been the main driver of overall growth in all regions except North America, accounting for more than 75% of the rise in China and Europe , and the entire rise in India. "

However, the report's authors at the bank's research institute pointed out that the uninterrupted period of growing prosperity in the United States could end.

"Without wishing to cast doubt on the effect" Trump "on the financial markets, it seems inevitable that the steady stream of rising wealth in the United States will end at some point. show that the inequality of wealth is no longer disappearing, which should mitigate the impact of any decline on the middle classes, "the report says.

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