Global Household Wealth declined by $11trillion in2022 for 1st Time Since2008Financial Crisis

Senior experts at UBS and Credit Suisse banks announced in the Global Wealth Report 2023, published this week, that total private wealth in the world or Global Household Wealth fell 2.4% or $11.3 trillion last year to reach $454.4 trillion, and wealth per adult sank 3.6% or $3198 to $85 thousand in the first drop since the Global Financial Crisis in 2008 But the next few years look brighter as