For the first time since the 2008 financial crisis, global household assets have shrunk

According to the annual Global Household Assets Report released by Credit Suisse, 2022 was the first time since the 2008 global financial crisis that household assets shrank globally. Inflation and the appreciation of the US dollar have caused global household assets to shrink by $11.3 trillion.

In 2022, the total global household assets were $454.4 trillion, down 2.4% from the previous year.

North America $151.2 trillion, -4.5%;

Europe $104.4 trillion, -3.4%;

China $84.5 trillion, 1.7%;

$78 trillion in Asia and the Pacific, -2.6%;

India $15.3 trillion, -4.6%;

Latin America $15.1 trillion, 18.6%;

Africa $5.91 trillion, or 11.5%.