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by FredPret
847 days ago
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Though both areas are very rich, there’s a lot less total wealth in the EU than in the US. Due to taxes, this is especially true for rich Europeans vs rich Americans. In the below report, it looks like Europe with it’s much larger population clocks in at a total wealth of 110T, while the USA + Canada has 150T. That’s 600k per adult in N.A. vs 200k per adult in Europe. More specifically, it looks like 1%ers in the US are worth USD 7m, but in Europe the 1%ers are worth USD 1.5m. I’m not denigrating Europe or the European way, just pointing out differences in the capital environment. [page 142, 144 of https://www.ubs.com/global/en/family-office-uhnw/reports/glo...] |
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