Swiss Economicblogs.org
A generation ago millionaires were relatively rare. These days it is fairly easy to rub shoulders with one. According to a report by the Boston Consulting Group (BCG) there were 22 million US$ millionaires worldwide in 2018. One driver of the rising number of millionaires is inflation. A million dollars isn’t worth what it once was. Another is rising average age. An average 65 year old is worth far more than an average 20 year old. As life goes by assets accumulate before they’re...
Read More »Nearly 1 in 20 in Switzerland are millionaires, according wealth to report
The 2017, a wealth report, published by Capgemini, shows there were 389,000 US$ millionaires in Switzerland, around 4.5% of the population, or close to 1 in 20. © Andrii Chernykh | Dreamstime.com If children under the age of 15 are excluded, Switzerland’s millionaire percentage rises to 7.3%. In addition, these figures include only investable wealth, which does not include the value of family homes. If this wealth was included, the number of millionaires would rise further. Switzerland’s...
Read More »