{"id":3531,"date":"2023-04-22T08:21:02","date_gmt":"2023-04-22T08:21:02","guid":{"rendered":"https:\/\/blog.internationalconsultancyservice.in\/?p=3531"},"modified":"2023-04-22T08:21:02","modified_gmt":"2023-04-22T08:21:02","slug":"the-number-of-millionaires-will-spike-by-40-globally-by-2026-but-many-of-these-new-money-magnates-wont-come-from-the-us-here-is-the-country-you-need-to-watch-and-how-to-invest-in-it","status":"publish","type":"post","link":"https:\/\/blog.internationalconsultancyservice.in\/?p=3531","title":{"rendered":"The number of millionaires will spike by 40% globally by 2026 \u2014 but many of these new-money magnates won&#8217;t come from the US. Here is the country you need to watch (and how to invest in it)"},"content":{"rendered":"\n<p>The number of millionaires is on the rise with 40% more expected to be made worldwide in the next five years, according to the latest research from Credit Suisse.<\/p>\n\n\n\n<p>The Credit Suisse Group AG\u2019s Global Wealth Report 2022 states that by 2026, we\u2019ll have millions of millionaires: more than 87.5 million globally.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Don&#8217;t miss<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>UBS says 61% of millionaire collectors allocate up to 30% of their overall portfolio to\u00a0this exclusive asset class<\/li>\n\n\n\n<li>Rich young Americans have lost confidence in the stock market \u2014 and are\u00a0betting on these 3 assets instead. Get in now for strong long-term tailwinds<\/li>\n\n\n\n<li>Americans are paying nearly 40% more on home insurance compared to 12 years ago \u2014\u00a0here&#8217;s how to spend less on peace of mind<\/li>\n<\/ul>\n\n\n\n<p>According to a\u00a0February report\u00a0from investment consultants Henley and Partners, the U.S. is the world\u2019s largest wealth market and the country accounts for 32% of global wealth and 36% of the world\u2019s millionaires.<\/p>\n\n\n\n<p>So you might be thinking that means the U.S. is about to get that much richer, too.<\/p>\n\n\n\n<p>But in fact, today, the country leading the charge in manufacturing of new millionaires isn\u2019t the United States: It\u2019s China.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The million-dollar surprise<\/h2>\n\n\n\n<p>To be certain, China lost much in productivity and economic drive during the COVID-19 pandemic as lockdowns inundated the country. But developing markets are likely to see a faster recovery from the economic downturn, the report states.<\/p>\n\n\n\n<p>Private fortunes should jump 36% by 2026 to $169 trillion, Credit Suisse reports. It\u2019s quite the rise given the current fall in Chinese markets; the MSCI China Index has plummeted more than 30% year-to-date.<\/p>\n\n\n\n<p>Yet is the report perhaps a tad optimistic? Growth in China has its associated risks, especially given geopolitical tensions with the U.S. and the 2024 deadline for certain Chinese stocks to be delisted from Wall Street. Meanwhile, the rivalries between the two nations in tech, energy and telecom continue unabated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of millionaires is on the rise with 40% more expected to be made worldwide in the next five years, according to the latest research from Credit Suisse. The Credit Suisse Group AG\u2019s Global Wealth Report 2022 states that by 2026, we\u2019ll have millions of millionaires: more than 87.5 million globally. Don&#8217;t miss According to a\u00a0February report\u00a0from investment consultants Henley and Partners, the U.S. is the world\u2019s largest wealth market and the country accounts for 32% of global wealth and 36% of the world\u2019s millionaires. So you might be thinking that means the U.S. is about to get that\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3531","post","type-post","status-publish","format-standard","hentry","category-authorized"],"blocksy_meta":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The number of millionaires will spike by 40% globally by 2026 \u2014 but many of these new-money magnates won&#039;t come from the US. Here is the country you need to watch (and how to invest in it) - International Consultancy Service Blog<\/title>\n<meta name=\"description\" content=\"The number of millionaires is on the rise with 40% more expected to be made worldwide in the next five years, according to the latest research from Credit Suisse.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.internationalconsultancyservice.in\/?p=3531\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The number of millionaires will spike by 40% globally by 2026 \u2014 but many of these new-money magnates won&#039;t come from the US. Here is the country you need to watch (and how to invest in it) - International Consultancy Service Blog\" \/>\n<meta property=\"og:description\" content=\"The number of millionaires is on the rise with 40% more expected to be made worldwide in the next five years, according to the latest research from Credit Suisse.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.internationalconsultancyservice.in\/?p=3531\" \/>\n<meta property=\"og:site_name\" content=\"International Consultancy Service Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-22T08:21:02+00:00\" \/>\n<meta name=\"author\" content=\"sharma.shiv88\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sharma.shiv88\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.internationalconsultancyservice.in\/?p=3531#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.internationalconsultancyservice.in\/?p=3531\"},\"author\":{\"name\":\"sharma.shiv88\",\"@id\":\"https:\/\/blog.internationalconsultancyservice.in\/#\/schema\/person\/14a969de2c30de3c355918220468b719\"},\"headline\":\"The number of millionaires will spike by 40% globally by 2026 \u2014 but many of these new-money magnates won&#8217;t come from the US. 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