The next decade in global wealth among millionaire households
Global wealth management has entered a new chapter in its evolution. As wealth managers recalibrate their strategies in the post-crisis environment, it is critical that they have a strong understanding of which economies present the greatest opportunities for business growth.
According to this study from Deloitte’s Center for Financial Services, wealth among millionaire households could more than double over the next decade in 25 major economies, growing from an estimated $92 trillion this year to $202 trillion in 2020. The study provides estimates of the number of households with net wealth in three distinct cohorts of $1 million, $5 million, and $30 million across 25 economies.
In spite of exceptional growth in emerging markets, it is developed markets that are expected to remain the global centers of wealth over the next decade, in terms of both the amount of wealth held and the number of millionaire households.