Asia speeds ahead in wealth race with North America
High-net-worth individuals in the region will lead the world in population and accumulated wealth as early as next year. They are becoming more digitally focused, too, finds a survey.
Asia Pacific will overtake North America both in terms of high-net-worth population and accumulated wealth as early as next year, according to RBC Wealth Management and consultancy Capgemini.
The research partners, which collaborate on world and Asia-Pacific wealth reports annually, forecast earlier this year that the region would surpass North America by 2015. But increasing GDP, favourable demographics and a high savings rate has sped up the process. RBC WM is now confident the …
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