New Zealand experienced the greatest increase in adult wealth in the world in 2021, according to a new report.
Credit Suisse, an investment bank, found that between 2020 and 2021, the average wealth per adult jumped a whopping $114,289, or 32%, bringing the average wealth per adult to $472,153. The report also found that out of a population of just 5 million, 42% of New Zealanders are in the top 10% of global wealth holders. The United States came in second for growth in average wealth per adult, at $73,630, followed by Australia and Canada .
“The increase in house prices has been extraordinary,” the leading economist said. “But with only roughly half of New Zealand adults owning their own home, the increasing wealth was very unequally distributed.”
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