g-f(2)2682 Global Wealth Ascendance: Navigating the New Landscape of Prosperity

 

genioux Fact post by Fernando Machuca and Claude

Introduction by Fernando and Claude:

Welcome to "g-f(2)2682 Global Wealth Ascendance: Navigating the New Landscape of Prosperity," a pivotal genioux Fact that illuminates the evolving dynamics of global wealth and its profound implications for success in the g-f New World.

Fernando: "Dear readers, g-f(2)2682 is not just a collection of statistics; it's a roadmap for thriving in the g-f Transformation Game (g-f TG). The UBS Global Wealth Report 2024 reveals a world of expanding opportunities, where wealth is growing across all segments and upward mobility is increasingly prevalent. Understanding these trends is crucial for anyone aiming to excel in our rapidly changing global economy."

Claude: "Absolutely, Fernando. This genioux Fact offers invaluable insights for players in the g-f Transformation Game. The report's findings on wealth mobility, emerging market growth, and significant wealth transfers highlight the dynamic nature of our global financial landscape. These trends create new opportunities for innovation, entrepreneurship, and personal growth."

Fernando: "Precisely, Claude. To win in the g-f Transformation Game, players must adapt to this new landscape of prosperity. The rise of emerging markets, the prevalence of upward wealth mobility, and the projected increase in millionaires across various regions all point to a game board that's expanding and evolving. Those who can anticipate and leverage these trends will have a significant advantage."

Claude: "Indeed, and let's not forget the importance of the 'great horizontal wealth transfer' highlighted in the report. This phenomenon underscores the need for strategic thinking about wealth management and succession planning – key skills for long-term success in the g-f Transformation Game."

Fernando: "Excellent point, Claude. As players navigate this new landscape, they must also consider the broader implications of these wealth trends. The reduction in the lowest wealth bracket and the growth in all others suggest a world with increasing opportunities for value creation and innovation. In the g-f Transformation Game, those who can identify and address the needs of these evolving wealth segments will be well-positioned for success."

Together, we invite you to delve into g-f(2)2682 and unlock its golden knowledge (g-f GK). Let these insights guide your strategy in the g-f Transformation Game, helping you navigate the new landscape of global prosperity and seize the opportunities it presents. Remember, in this game, understanding the changing dynamics of wealth is not just about personal gain – it's about contributing to and thriving in a world of expanding possibilities.

Introduction:

The UBS Global Wealth Report 2024 provides a comprehensive analysis of global wealth trends, distribution, and future projections. This report offers valuable insights into the dynamics of wealth creation, mobility, and transfer across different regions and wealth segments worldwide.

genioux GK Nugget:

"Global wealth is steadily growing across all segments, with emerging markets gaining share and wealth mobility predominantly trending upward, signaling opportunities for individuals and economies alike." — Fernando Machuca and Claude, July 29, 2024

genioux Foundational Fact:

The world has been experiencing a consistent increase in wealth across all segments, with the proportion of adults in the lowest wealth bracket (under USD 10,000) nearly halving since 2000. This trend, coupled with the rise of emerging markets' share of global wealth and the prevalence of upward wealth mobility, indicates a global economic landscape that offers increasing opportunities for wealth creation and growth across various demographics.

The 10 most relevant genioux Facts:

1. Global wealth rebounded in 2023, growing by 4.2% after a 3% decline in 2022, surpassing pre-pandemic levels even when measured in local currencies.
2. The percentage of adults with wealth under USD 10,000 has decreased from over 75% in 2000 to below 40% in 2023, while all other wealth brackets have grown.
3. Asia-Pacific has seen the highest wealth growth since 2008 at nearly 177%, followed by the Americas at 146%, though this growth has been accompanied by a significant increase in debt.
4. Wealth mobility is more likely to be upward than downward across all wealth brackets and time horizons, with about one in three individuals moving into a higher wealth band within a decade.
5. An estimated USD 83.5 trillion of wealth is expected to be transferred within the next 20-25 years, with USD 9 trillion shifting horizontally between spouses.
6. The number of millionaires is projected to increase in 52 out of 56 markets analyzed by 2028, with some markets potentially seeing increases of up to 50%.
7. Emerging economies' share of global wealth is expected to break through the 30% mark in 2024 and reach nearly 32% by 2028.
8. The United States hosts the highest number of millionaires globally, with nearly 22 million people, followed by Mainland China with just over 6 million.
9. Wealth inequality trends vary across regions, with some developed economies seeing a slight decrease and many emerging markets experiencing an increase since 2008.
10. The great horizontal wealth transfer is significant, with an average of four years between spouses inheriting wealth and passing it on to the next generation.

Conclusion:

The UBS Global Wealth Report 2024 paints a picture of a world where wealth is growing and becoming more accessible across various segments of society. The trends of increasing wealth in emerging markets, upward wealth mobility, and significant wealth transfers highlight the dynamic nature of global wealth. These insights provide valuable information for individuals, policymakers, and financial institutions to navigate the evolving landscape of global wealth, identify opportunities, and address potential challenges in wealth creation and distribution.

REFERENCES

The g-f GK Context

Global Wealth Report 2024, UBS, July 29, 2024.

About UBS 

Managing wealth is our craft With UBS, you’ll benefit from over 160 years of experience helping our clients pursue what matters most to them – in life and in business. We’ll get to know you and what you want to achieve, then craft personalized financial solutions that help protect and grow your wealth, powered by insights from our award-winning Chief Investment Office. And as a leading and truly global wealth manager, we can connect you with peers, leaders and experts: people who can inspire and empower you to achieve your ambitions. Helping you make the most of your life by taking care of your wealth. That’s what wealth management means to us. Because at UBS, wealth management isn’t just one thing we do. It’s who we are.

Classical Summary of the Report:

The UBS Global Wealth Report 2024 provides a comprehensive analysis of global wealth trends, distribution, and future projections. Here's a classical summary of the key findings:

Global Wealth Trends:

The report indicates a significant rebound in global wealth, growing by 4.2% in 2023 after a 3% decline in 2022. This growth surpassed pre-pandemic levels, even when measured in local currencies. The recovery was led by Europe, the Middle East, and Africa (EMEA), followed closely by Asia-Pacific and the Americas.

Wealth Distribution:

There's been a notable shift in wealth distribution since 2000. The percentage of adults with wealth under USD 10,000 has decreased from over 75% to below 40% in 2023, while all other wealth brackets have grown. The highest wealth band, comprising individuals with over USD 1 million, has tripled to 1.5% of the world's population.

Regional Trends:

Asia-Pacific has experienced the highest wealth growth since 2008 at nearly 177%, followed by the Americas at 146%. However, this growth in Asia-Pacific has been accompanied by a significant increase in debt. EMEA, while having the highest wealth per adult, has seen the slowest growth since 2008.

Wealth Mobility:

The report highlights that wealth mobility is more likely to be upward than downward across all wealth brackets and time horizons. Approximately one in three individuals moves into a higher wealth band within a decade.

Millionaires and Billionaires:

The United States hosts the highest number of millionaires globally, with nearly 22 million people, followed by Mainland China with just over 6 million. The report also notes the rise in billionaires, particularly driven by the technology industry boom and emerging market growth.

Wealth Transfer:

An estimated USD 83.5 trillion of wealth is expected to be transferred within the next 20-25 years. Notably, USD 9 trillion of this is projected to shift horizontally between spouses before being passed to the next generation.

Future Projections:

The number of millionaires is projected to increase in 52 out of 56 markets analyzed by 2028, with some markets potentially seeing increases of up to 50%. Emerging economies' share of global wealth is expected to break through the 30% mark in 2024 and reach nearly 32% by 2028.

Inequality Trends:

Wealth inequality trends vary across regions. Some developed economies have seen a slight decrease in inequality since 2008, while many emerging markets have experienced an increase.

In conclusion, the report paints a picture of growing global wealth, with significant shifts in distribution and increasing opportunities for upward mobility. It highlights the rising importance of emerging markets and the dynamic nature of wealth creation and transfer in the global economy.

UBS

UBS Group AG, headquartered in Zurich and Basel, Switzerland, is a global financial services company known for its comprehensive range of services, including wealth management, investment banking, asset management, and personal and corporate banking¹². Founded in 1862, UBS operates through five main divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management, Investment Bank, and Non-core and Legacy²³. The company provides financial advice, investment management, estate planning, corporate finance advice, and a variety of banking products and services²³. UBS is recognized for its strong client relationships and commitment to delivering tailored financial solutions². With a significant global presence, UBS continues to be a leader in the financial services industry²³.

¹: [Investopedia](https://www.investopedia.com/terms/u/ubs.asp)

²: [Yahoo Finance](https://finance.yahoo.com/quote/UBS/)

³: [GlobalData](https://www.globaldata.com/company-profile/ubs-group-ag/)

Source: Conversation with Copilot, 7/29/2024

(1) UBS Group AG. https://bing.com/search?q=UBS+summary.

(2) UBS Group AG (UBS) Stock Price, News, Quote & History - Yahoo Finance. https://finance.yahoo.com/quote/UBS/.

(3) Quarterly reporting | UBS Global. https://www.ubs.com/global/en/investor-relations/financial-information/quarterly-reporting.html.

(4) UBS: Definition, Bank History, Financial Services - Investopedia. https://www.investopedia.com/terms/u/ubs.asp.

(5) UBS Group AG Company Profile - Overview - GlobalData. https://www.globaldata.com/company-profile/ubs-group-ag/.

(6) UBS Company Profile - Office Locations, Competitors, Revenue ... - Craft. https://craft.co/ubs.

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Type: Bombshell Knowledge, Free Speech

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REFERENCES

“genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2682, Fernando Machuca and Claude, July 29, 2024, Genioux.com Corporation.

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