Summary of Spotlight on the New Wealth Builders

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A group virtually unheard of at the turn of this century is emerging as a global economic force. The “new wealth builders” – self-made global citizens with household financial assets of $100,000 to $2 million – are now the world’s fastest-growing financial demographic. And that growth will continue as consumers in rapidly expanding economies move up the economic ladder. getAbstract recommends this smart report from the Economist Intelligence Unit to bankers, marketers and financial advisers looking to understand this future powerhouse.

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The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

The “new wealth builders” (NWBs) – those 267 million households with financial assets of $100,000 to $2 million each – are the world’s fastest-growing wealth group. Globally, the number of NWBs will increase at a compound annual rate of 6.7% to 2020, and they are poised to amass $145 trillion by 2020, from $88 trillion today. Much of that growth will come from households with currently less than $100,000 in investable assets. Developed economies now boast more NWBs than emerging markets, but that will reverse by 2020, as advanced markets’ economic growth falls behind that of developing...


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