- The US is the third richest country in the world according to Credit Suisse’s 2018 Global Wealth Report.
- But when you take into account how much wealth the average American household has on hand, the US doesn’t even make the top 10.
- The report showcases how bad wealth disparity in the US has become.
The United States is home to more millionaires than any other country in the world. But whether the country is truly the wealthiest in the world depends on how you measure.
A report released by Credit Suisse in October says the US is “in the lead” when it comes to global wealth. But a closer look at the numbers in that report reveals a different story.
While it’s true that wealth in the US is growing faster than anywhere else in the world, it’s not the richest when you compare the average amount of wealth per adult.
That prize goes to Switzerland, as you can see in the map below.
Wait a minute, you may be thinking: it looks like the US is richer than Canada. So what’s with the headline?