News Snapshot:
Representational image. | Photo Credit: iStock Images Key Highlights The report finds that real estate accounted for two-thirds of net worth in 2020 The report also notes that assets rose from $440 trillion (or about 13.2 times GDP) in 2000 to $1,540 trillion in 2020 While households in Germany, Mexico, France and Australia largely held buildings and land, in the US it was equity and pensions that made up the bulk of household wealth China has usurped the United States to become the wealthiest nation in the world with global wealth rising three-fold in the last two decades. These are...
