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Asia Pacific Experienced Fastest Increase in Overall Wealth in 2016
According to a study by Boston Consulting Group, Asia Pacific experienced the fastest increase in overall wealth in 2016 but is behind North America. Private wealth in Asia Pacific, including Japan, is expected to surpass North America by 2019 and hit $77.8 trillion by 2021.
“Asia Pacific private financial wealth rose by 9.5% to $38.4 trillion compared with an increase of more than 12% in 2015.”
Asia Pacific private financial wealth rose by 9.5% to $38.4 trillion compared with an increase of more than 12% in 2015. Annual wealth expansion in Asia Pacific is expected to remain at nearly double digit growth till 2021.
News Source: Boston Consulting Group
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