Global household wealth experienced record growth in 2021, according to a study published Tuesday by the bank Credit Suisse, but inflation and the decline in financial markets are likely to reverse the trend in 2022. With the surge in the stock market in 2021, household wealth increased at a steady pace to total 463.6 trillion dollars (462.095 billion euros), up 9.8% compared to the previous year, according to an estimate of the bank which publishes an annual report on the evolution of private wealth.
The amounts for this study are always expressed in dollars in order to facilitate comparisons from one country to another.
But the strong rise in the greenback has repercussions on its estimates, explains the bank, which specifies that once corrected for the effects of exchange rates, the rise for the past year amounts to 12.7%, i.e. the annual growth rate "
the highest ever recorded
.
"
However, factors such as inflation, rising interest rates and falling asset prices could curb this impressive growth in 2022
," the bank said in the statement detailing the study.
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According to its economists, inflation and the war between Russia and Ukraine are "
likely to hamper the creation of real wealth
" in the coming years.
Nevertheless, household wealth should continue to grow thanks to emerging countries, the bank considers.
According to its projections, household wealth should grow by 36% by 2026 thanks to rising living standards in low- and middle-income countries, which currently represent only 24% of the world's wealth but will be the source of "
42% of the growth
" of wealth over the next five years, according to her.
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