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Global wealth dipped for the first time since 2008, says Credit Suisse’s Global Wealth Report for 2015.
The global fortunes declined to $250 trillion, a fall of $12 trillion over the past year, largely due to the strength of the dollar.
As the bank’s global wealth pyramid shows, the top 1% of the world’s population accounts for 50% of global wealth.
3.4 billion people, or 71%, have wealth of less than $10,000, while a further 21%, or 1 billion people, own assets of up to $100,000.
Analysts led by Richard Kersley reported that the total wealth of that less-well-off group “nonetheless suggests a considerable pool of potential demand.”
Household wealth fell everywhere except Hong Kong, China, the U.S. and Saudi Arabia:
