{"id":9645,"date":"2024-10-25T11:02:00","date_gmt":"2024-10-25T09:02:00","guid":{"rendered":"https:\/\/meine-renditeimmobilie.de\/?p=9645"},"modified":"2024-10-25T13:14:11","modified_gmt":"2024-10-25T11:14:11","slug":"wealth-in-money-and-real-estate-in-europe-usa-and-asia","status":"publish","type":"post","link":"https:\/\/meine-renditeimmobilie.de\/en\/wealth-in-money-and-real-estate-in-europe-usa-and-asia\/","title":{"rendered":"Wealth in Money and Real Estate in Europe, USA, and Asia"},"content":{"rendered":"<p style=\"font-weight: bold\">\r\n\tSwiss and US citizens are much wealthier than Germans. Americans own half of the world&#8217;s wealth. Between countries, wealth is even more unequally distributed than within the populations of most countries.\r\n<\/p>\r\n<p>\r\n\tThese and other findings come from the <a href=\"https:\/\/www.allianz.com\/en\/economic_research\/insights\/publications\/allianz-global-wealth-report-2024.html\" rel=\"noopener nofollow noopener\" target=\"_blank\">Global Wealth Report 2024<\/a> by Allianz Insurance, which examines the situation in 2023. In this article, we round off the numbers from the report.\r\n<\/p>\r\n\r\n<section>\r\n\t<h2>Global Average Financial Wealth: \u20ac32,000, Median at \u20ac2,000<\/h2>\r\n\t<p>\r\n\t\tGlobal average financial wealth, excluding real estate, is approximately \u20ac32,000 per person. The median is \u20ac2,000, meaning half of humanity owns less and the other half more than \u20ac2,000.\r\n\t<\/p>\r\n\t<p>\r\n\t\tThe richest 10% of the world, with an average wealth of \u20ac275,000, own 86% of global financial wealth. Two decades ago, the top 10% owned 92%, so their share has decreased slightly.\r\n\t<\/p>\r\n\t<p>\r\n\t\tAbout half of humanity has no wealth at all.\r\n\t<\/p>\r\n\t<p>\r\n\t\tIn another perspective, the Allianz report divides into three classes (upper, middle, and lower class) instead of 10, as mentioned above. The findings are as follows:\r\n\t<\/p>\r\n\t<p>\r\n\t\tThe global middle class has grown, mainly due to Asia, particularly China. The &#8220;West,&#8221; especially Western Europe and to a lesser extent the USA, has relatively declined.\r\n\t<\/p>\r\n\t<p>\r\n\t\tIn the upper class, the share of the West has also fallen, again particularly in Western Europe and less so in the USA.\r\n\t<\/p>\r\n<\/section>\r\n\r\n<section>\r\n\t<h2>Global Financial Wealth: \u20ac180 Trillion, Global Real Estate Wealth: \u20ac120 Trillion<\/h2>\r\n\t<p>\r\n\t\tReal estate wealth increased by only 1.8% in 2023, attributed to high interest rates and rising construction costs.\r\n\t<\/p>\r\n\t<p>\r\n\t\tIn Europe, real estate wealth still ranks first over financial wealth. Internationally, the reverse ranking is primarily due to the USA, not because real estate values have declined there.\r\n\t<\/p>\r\n\t<p>\r\n\t\tInstead, global real estate value fell to second place because financial wealth in the USA has risen significantly.\r\n\t<\/p>\r\n<\/section>\r\n\r\n<section>\r\n\t<h2>Germans Rank 12th Globally with \u20ac200K Total Wealth Including Real Estate<\/h2>\r\n\t<p>\r\n\t\tSwiss and non-European Anglosaxons are the wealthiest, followed by Western Europeans at a significant distance. Japanese and South Koreans, the richest Asians, lag behind Spaniards. The wealthiest EU citizens are Danes, followed by the Dutch.\r\n\t<\/p>\r\n\r\n\t<div class=\"mri-table-overflow\">\r\n\t\t<table>\r\n\t\t\t<caption>\r\n\t\t\t\tTotal Wealth (Financial + Real Estate) Per Capita in 2023. Source: Allianz Research\r\n\t\t\t<\/caption>\r\n\t\t\t<tr>\r\n\t\t\t\t<th><\/th>\r\n\t\t\t\t<th scope=\"col\">Average Total Wealth in \u20acK, Rounded<\/th>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Switzerland<\/th><td>578<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>USA<\/th><td>440<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Australia<\/th><td>366<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>New Zealand<\/th><td>307<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Denmark<\/th><td>276<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Canada<\/th><td>276<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Netherlands<\/th><td>274<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Belgium<\/th><td>268<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Austria<\/th><td>224<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>France<\/th><td>215<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Sweden<\/th><td>212<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Germany<\/th><td>201<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>United Kingdom<\/th><td>201<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Norway<\/th><td>201<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Italy<\/th><td>183<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Spain<\/th><td>181<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Japan<\/th><td>159<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>South Korea<\/th><td>145<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Finland<\/th><td>130<\/td>\r\n\t\t\t<\/tr>\r\n\t\t\t<tr>\r\n\t\t\t\t<th>Slovenia<\/th><td>87<\/td>\r\n\t\t\t<\/tr>\r\n\t\t<\/table>\r\n\t<\/div>\r\n\r\n<\/section>\r\n\r\n<section>\r\n\t<h2>Western Europe: The Sick Man of the World?<\/h2>\r\n\t<p>\r\n\t\tIn conclusion, Western Europe is relatively declining compared to Asia, with Asia and particularly China rising, while the USA outperforms Western Europe\u2014mainly due to the booming US stock market.\r\n\t<\/p>\r\n\t<p>\r\n\t\tThe comprehensive study linked above provides a global bird&#8217;s-eye view and is based on necessarily broad classifications, for example, regarding what counts as the middle or upper class. Detailed figures specific to Germany are scarce in the report.\r\n\t<\/p>\r\n<\/section>\r\n\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>Swiss and US citizens are much wealthier than Germans. Americans own half of the world&#8217;s wealth. Between countries, wealth is [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_locale":"en_US","_original_post":"https:\/\/meine-renditeimmobilie.de\/?p=9224","footnotes":""},"categories":[167],"tags":[],"post_folder":[225],"class_list":["post-9645","post","type-post","status-publish","format-standard","hentry","category-wealth-creation","en-US"],"_links":{"self":[{"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/posts\/9645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/comments?post=9645"}],"version-history":[{"count":3,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/posts\/9645\/revisions"}],"predecessor-version":[{"id":9646,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/posts\/9645\/revisions\/9646"}],"wp:attachment":[{"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/media?parent=9645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/categories?post=9645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/tags?post=9645"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/meine-renditeimmobilie.de\/wp-json\/wp\/v2\/post_folder?post=9645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}