Canada ranks 13th on average wealth but beats Switzerland on the median: report
Wealth growth ran strongest in Europe, the Middle East and Africa at 17.5 percent, helped by a weaker dollar, CTV News reported, followed by the Americas at 8.5 percent and Asia-Pacific at 5.9 percent.
North America led all regions at roughly US$660,000 per adult, BNN Bloomberg reported, ahead of Australia and New Zealand at US$590,000 and Western Europe at US$330,000.
“More people moving up the wealth ladder” was the real story of the year, the report said, framing it as continued expansion rather than concentration alone.
The gains reflected a world that kept building wealth and extending a long-running upward trend, it added.
For advisors weighing what those headline figures mean for clients, UBS flagged a caveat: reaching millionaire status does not equal holding US$1m in cash.
