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Australia Partner Company
Australia Partner Company
11 Oct 2010
According to the inaugural global wealth report by Credit Suisse Research, Singapore ranks fourth globally and second in Asia Pacific in terms of average personal wealth.
Average wealth per adult in Singapore has grown strongly in the last decade, rising from US$105,000 (S$137,100) per adult to over US$250,000 in 2010, supported by a period of strong domestic economic growth and asset price increases.
Singapore's two-fold increase in average wealth per adult has also been accompanied by a 7 per cent slide in average debt.
From a macro perspective, the report finds that the global wealth currently held by 4.4 billion adults has increased 72 per cent since 2000 to reach US$195 trillion.
Posted On 13 Jun 2020
Posted On 12 Jun 2020
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