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Global Financial Wealth Trends: India Generates Largest-Ever $590 Billion In 2023, Check Full Report Now




Global net wealth staged a significant recovery of 4.3% in 2023, after a difficult year in 2022. Much of the growth was due to a rebound in the financial market, as financial wealth—a subset of global net wealth—rose by almost 7%, following a 4% decline in 2022. Over the next five years, an estimated $92 trillion of financial wealth will be created, according to a new report.

This does not alleviate the pressure on wealth managers, who have seen their margins decrease significantly since 2007. Industry players can no longer rely exclusively on revenues from interest income, and they face rising costs due to inflation, operational inefficiencies, and tightening regulatory requirements.

Financial wealth represents that of the total adult resident population, collected by market and by asset class from central banks or equivalent institutions, based on the global System of National Accounts (SNA). It encompasses cash and deposits, bonds, public and private equities and investment funds, life insurance and pensions, other accounts receivable, and cross-border wealth. read more 


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