Global wealth has tripled but it's on risky ground

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The last two decades have seen global wealth surge but is it productive and driving our economies?

According to a new analysis of ten countries that make up 60% of global GDP – Australia, Canada, China, France, Germany, Japan, Mexico, Sweden, the United Kingdom, and the United States – the McKinsey Institute found that the historic link between net worth growth and GDP growth has been broken.

While GDP growth since the start of the 21st century has been tepid in advanced economies, net worth has tripled, driven largely by asset value increases (accounting for 77% of net worth growth) while saving and investment made up only 28%.

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