Global household wealth experienced its first significant contraction since 2008 in 2022, falling by $11.3 trillion (-2.4%) to a total of $454.4 trillion due to inflation and rising interest rates. Despite a decline in the number of millionaires, global median wealth actually rose by 3%, suggesting losses were concentrated among the ultra-wealthy. For the full findings, visit UBS and Credit Suisse .
global wealth set to rise by 38% over the next five years - UBS
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