Here’s a rewritten version of the article, preserving all verifiable facts and aiming for 100% uniqueness:
Wealth Trends show Divergent Paths for Adults Globally and in europe
An analysis of “real” changes in wealth per adult from the start of 2020 thru the end of 2024 highlights notable long-term trends. Austria stands out as a notable outlier, experiencing an 18% decrease in median wealth per adult. Following Austria, the netherlands saw a 2.3% decline, and Estonia registered a 0.1% drop.
Within Europe, Cyprus recorded the most ample increase in median wealth per adult, with a gain of 43.9%. Denmark, Latvia, and Lithuania also demonstrated strong performance, each achieving growth exceeding 30%.Median wealth per adult also grew by over 25% in real terms in Malta, Slovenia, Norway, Bulgaria, and Portugal.among Europe’s largest economies, Germany reported the highest increase in median wealth per adult, at 20.1%. Italy experienced the lowest growth in this group, with a 4.7% rise. spain and the United Kingdom showed robust increases of 17.8% and 16.3%, respectively, while France saw a more moderate 10.5% growth.
Beyond Europe,major economies also reported significant gains. The united States led with a 45.8% increase in median wealth per adult, followed by Russia at 35.1% and South Korea at 31%.
However, when examining wealth on an average per adult basis, the overall picture shifts considerably. Several countries experienced declines in average wealth per adult. Cyprus, despite its high median wealth growth, saw a notable outlier of a -24.9% drop in average wealth per adult.
Other significant decreases in average wealth per adult where observed in Austria (-13.1%), Malta (-11.3%), Estonia (-10.6%),Italy (-9.4%), and Ireland (-7.8%). switzerland, Luxembourg, the Netherlands, Belgium, Romania, and Slovakia also reported comparatively moderate declines in average wealth per adult.
The report attributes the contraction in real average wealth per adult during this period primarily to high inflation in the affected countries,particularly Austria,Belgium,and the Netherlands,and to a lesser extent,Italy.
an increase in the adult population size also contributed to these figures, notably in the Netherlands and to a lesser degree in Switzerland. In Switzerland’s case, currency depreciation was identified as the primary factor, with inflation playing a secondary role.
Striking divergences are evident in several countries where the changes in average and median wealth per adult differ considerably. For instance, Switzerland experienced a slightly negative growth in average wealth per adult, contrasting with a 14% rise in median wealth per adult. Similarly,Italy’s figures show a -10% change in average wealth per adult compared to an almost +5% change in median wealth per adult.
These divergences suggest that wealth growth at the higher end of the wealth distribution was slower than that experienced in the middle segments. This dynamic was also observed in Germany and the United Kingdom.