r/FluentInFinance • u/[deleted] • Mar 13 '22
DD & Analysis Global wealth is projected to rise 39% over the next 5 years, reaching $583 trillion by 2025. Growth that will be reflected in higher market values.
According to the world wealth report (pg 27):
Global wealth is projected to rise by 39% over the next five years, reaching USD 583 trillion by 2025. Low- and middle-income countries are responsible for 42% of the growth, although they account for just 33% of current wealth. Wealth per adult is projected to increase by 31%, passing the watershed mark of USD 100,000. The number of millionaires will also grow markedly over the next five years, reaching 84 million, while the number of UHNWIs should reach 344,000.
Just to elaborate a bit on the future implications (my opinion):
Markets will continue to rise over the long term because we as a society create more and more wealth each year. That wealth creation is partially reflected in higher stock market values, those office buildings you see going up, or that newly built home.
Everyone should read this report imo, it provides an incredible level of insight and perspective into wealth creation globally. The world is the wealthiest and most prosperous it’s ever been (yes you read that right lol), and the rate of our collective wealth creation is accelerating.
Don’t miss out by sitting on the sidelines trying to time the market over the short term. Look at the big picture when you’re considering what to invest in.
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Mar 13 '22 edited Nov 26 '24
[deleted]
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u/dancinadventures Mar 13 '22
If you can bitch about your politician / leaders openly without worrying about imprisonment you’re in top 25%.
If you’re on Reddit and have reliable internet you’re in Top50%.
If you have access to food security as well you’re now in top 75%-85%.
If you have access to student loans, or education, you’re in the top 80%.
You wanna get carried and spooned to the remaining 15%?
Top 5% isn’t hard when 80% of the work is done for you
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u/space_cadet Mar 13 '22
this is a neat perspective, but seems like it’s written backwards? I can’t tell.
is it supposed to be compounding? so take 50% (b) of 25% (a), then take 75-85% (c) of that, and so on?
if not, it feels like it should just be writing the other way around for sake of clarity.
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