The decline was the first since the 2008 financial crisis, a survey has shown Total net private wealth across the world decreased by 2.4% to $454.4 trillion at the end of last year, according to a joint report by Credit Suisse and UBS published this week. The decline was the first since the 2008 financial crisis. The research found that much of the $11.3 trillion fall came from the appreciation of the US dollar against numerous other currencies. Financial assets reportedly contributed most to wealth declines in 2022, while non-financial assets such as real estate stayed resilient, despite rapidly rising interest r
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