Global household wealth fell last year for the first time since 2008, amid inflation and appreciation of the U.S. dollar. Find out more.
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Total net private wealth across the world decreased by 2.4 per cent to a total of US$454.4 trillion, according to Credit Suisse AG’s annual global wealth report published on Aug. 15. The bulk of the decline was felt in North American and European households, which lost a combined US$10.9 trillion.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYExclusive articles by Kevin Carmichael, Victoria Wells, Jake Edmiston, Gabriel Friedman and others.
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