According to the report, Europe loses has been shown at about US$10.9 trillion of household assets, while Asia Pacific losses at US$1.4 trillion.
The report has also shown a rise in household debt, aggregately by 81% from 2000-2012.
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Credit Suisse has further added that it expects wealth to rise by almost 50% in the next five years from US$223 trillion in 2012 to US$330 trillion in 2017, while the number of millionaires worldwide is expected to increase by about 18 million reaching 46 million in 2017.
Additionally, China is believed to add a total of US$18 trillion to the stock of global wealth in the next five years, surpassing Japan as the second wealthiest country in the world, and USA is expected to remain on top of the wealth league with US$89 trillion by 2017.
And even tough Eurozone counts 16 million more adults than the US; their Eurozone’s total wealth in the next 5 years is expected to only equal today’s level of wealth in the USA.
Professor Anthony Shorrocks, co-author of the Credit Suisse Global Wealth Report 2012, added, "Unlike any other, Credit Suisse’s analysis comprises the wealth holdings of 4.6 billion adults in the world, from those with average wealth of just a few hundred dollars or less in some developing countries, up through the emerging middle classes in Asia and elsewhere, to the billionaires at the top of the ‘wealth pyramid’ and across more than 200 countries; uses a variety of reliable sources; and applies state-of-the-art techniques to estimate the level and pattern of household wealth across individual adults."
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