“This is the largest increase in the number of millionaires in any country in any year this century,” it said.
Credit Suisse estimates that by the end of 2021, the total number of millionaires worldwide will be 62.5 million.
The report, released Tuesday, found that global wealth totaled $463.6 trillion at the end of last year, up 9.8 percent.
Unsurprisingly, the two largest economies, the United States and China, saw the largest increases in household wealth, followed by Canada, India and Australia.
The bank said each country could benefit from a significant increase in economic output in 2021, as well as “active” activity in their respective property or stock markets.
This is in stark contrast to the luckiest people in the world, even if they are not immune to these factors.
Last year, Credit Suisse said in its report that the top 1 percent’s share of wealth “increased for the second year in a row.” By 2021, these people will account for 45.6% of global wealth.
