The average net worth of families in the United States increased nearly twofold between 1989 and 2007, when it reached ******* U.S. dollars. Following the financial crisis of 2008, the average net worth of Americans families dropped to ******* U.S. in 2013. In the following years, American families' net worth started increasing again, reaching a value of nearly ******* U.S. dollars.
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Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005Q) from Q4 1987 to Q1 2025 about net worth, Net, households, and USA.
This statistic shows the median net worth of families in the United States from 1983 to 2013, by income tier. In 2013, middle class families had a median net worth of about 98,057 U.S. dollars.
This study defined middle class income households as those with an income between 67 and 200 percent of the U.S. median household income, after adjustment for household size. In 2014, the middle class income ranged from about 42,000 U.S. dollars to about 126,000 U.S. dollars per year for a three-person household.
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Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth deciles, Canada and geographical regions of Canada.
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Graph and download economic data for Households; Net Worth, Level (BOGZ1FL192090005A) from 1987 to 2024 about net worth, Net, households, and USA.
As of 2024, cash accounted for the largest portion of total assets for high net worth investors. In contrast to family offices where cash made up ** percent of assets under management (AUM). Alternatives were the ******* assets class among family offices, accounting for over ** percent of AUM allocation.
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Graph and download economic data for Net Worth Held by the Bottom 50% (1st to 50th Wealth Percentiles) (WFRBLB50107) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.
In 2023, roughly 1.49 billion adults worldwide had a net worth of less than 10,000 U.S. dollars. By comparison, 58 million adults had a net worth of more than one million U.S. dollars in the same year. Wealth distribution The distribution of wealth is an indicator of economic inequality. The United Nations says that wealth includes the sum of natural, human, and physical assets. Wealth is not synonymous with income, however, because having a large income can be depleted if one has significant expenses. In 2023, nearly 1,700 billionaires had a total wealth between one to two billion U.S. dollars. Wealth worldwide China had the highest number of billionaires in 2023, with the United States following behind. That same year, New York had the most billionaires worldwide.
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Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth quintiles, Canada and provinces.
This table contains 58320 series, with data for years 1999 - 2016 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (20 items: Canada; Atlantic; Newfoundland and Labrador; Prince Edward Island; ...); Assets and debts (27 items: Total assets; Private pension assets; Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Locked-in Retirement Accounts (LIRAs) and other; Employer-sponsored Registered Pension Plans (EPPs); ...); Net worth quintiles (6 items: Total, all net worth quintiles; Lowest net worth quintile; Second net worth quintile; Middle net worth quintile; ...); Statistics (6 items: Total values; Percentage of total assets or total debts; Number holding asset or debt; Percentage holding asset or debt; ...); Confidence intervals (3 items: Estimate; Lower bound of a 95% confidence interval; Upper bound of a 95% confidence interval).
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This research explores the adoption dynamics of family trusts among Chinese High-Net-Worth Individuals (HNWIs), focusing on the key barriers and facilitating factors. Despite the formal recognition of family trusts in China under its Trust Law (2001), the adoption rate remains low. This paradox is addressed through a comparative study between Chinese HNWIs in China and those in Canada, examining the impact of legal, regulatory, and cultural factors on adoption rates. By employing a two-stage quantitative approach, the research develops a Trust Adoption Model that incorporates factors like perceived benefits, professional trust, complexity, and regulatory transparency. The study identifies significant barriers in mainland China, including skepticism toward professional trust services and regulatory uncertainty, which contrasts with the more mature Canadian trust market. Key findings reveal that professional trust and perceived benefits are critical adoption drivers, while socio-cultural resistance and complexity may hinder full adoption. The research also emphasizes the importance of regulatory clarity and product availability to foster trust adoption. This study contributes both theoretically by extending innovation adoption models and practically by offering actionable insights for wealth management professionals to increase trust adoption among Chinese HNWIs.
Liabilities, assets and net worth of individuals by family type, age and residence, 1997-2016
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Household Net Worth: 2017-18p: Mean: One Family: Couple with Dependent Children data was reported at 1,151,200.000 AUD in 2018. Household Net Worth: 2017-18p: Mean: One Family: Couple with Dependent Children data is updated yearly, averaging 1,151,200.000 AUD from Jun 2018 (Median) to 2018, with 1 observations. Household Net Worth: 2017-18p: Mean: One Family: Couple with Dependent Children data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H017: Survey of Income and Housing: Household Net Worth: by Family Composition.
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Graph and download economic data for Net Worth Held by the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1246) from Q3 1989 to Q1 2025 about net worth, wealth, percentile, Net, and USA.
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The Family Office Assets Under Management market is expected to grow from USD 4.0 trillion in 2023 to USD 7.3 trillion by 2033, at a CAGR of 6.4%. The market growth is driven by the increasing number of high-net-worth individuals (HNWIs) and family offices, rising demand for tailored investment solutions, and favorable regulatory environment. The growing complexity of global financial markets and the need for sophisticated investment strategies are also contributing to the market expansion. North America is the largest market for family office assets under management, followed by Europe and Asia Pacific. The US is the dominant market in North America, accounting for over 50% of the regional market share. The growth in the US is attributed to the presence of a large number of HNWIs, well-developed family office infrastructure, and favorable tax laws. Europe is the second largest market for family office assets under management, with the UK, Germany, and Switzerland being the key markets. The European market is expected to grow steadily over the forecast period, driven by the rising number of HNWIs and the growing awareness of family offices as a wealth management solution. Asia Pacific is the fastest-growing region for family office assets under management, with China and India being the key growth markets. The growth in Asia Pacific is driven by the rapid growth of HNWI population, increasing wealth, and rising demand for personalized investment solutions.
The per capita financial net worth of households in Switzerland grew overall since 2000, reaching a value of more than ******* U.S. dollars in 2023. Switzerland is also the country with the highest gross financial assets per capita in the world.
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Graph and download economic data for Household Count in the Top 0.1% (99.9th to 100th Wealth Percentiles) (WFRBLTP1310) from Q3 1989 to Q1 2025 about wealth, percentile, households, and USA.
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Australia Household Net Worth: 2013-14p: Mean: Non Family: Lone Person data was reported at 536,800.000 AUD in 2014. Australia Household Net Worth: 2013-14p: Mean: Non Family: Lone Person data is updated yearly, averaging 536,800.000 AUD from Jun 2014 (Median) to 2014, with 1 observations. The data reached an all-time high of 536,800.000 AUD in 2014 and a record low of 536,800.000 AUD in 2014. Australia Household Net Worth: 2013-14p: Mean: Non Family: Lone Person data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H032: Survey of Income and Housing: Household Net Worth: by Family Composition.
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Australia Household Net Worth: 2017-18p: Mean: Multiple Family data was reported at 1,395,900.000 AUD in 2018. Australia Household Net Worth: 2017-18p: Mean: Multiple Family data is updated yearly, averaging 1,395,900.000 AUD from Jun 2018 (Median) to 2018, with 1 observations. Australia Household Net Worth: 2017-18p: Mean: Multiple Family data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.H017: Survey of Income and Housing: Household Net Worth: by Family Composition.
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The global Family Office Services market is experiencing robust growth, driven by increasing high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) globally. The market is segmented by service type (single-family offices and multi-family offices) and application (budget planning, charitable donations, wealth transfer, and others). Wealth transfer, in particular, is a significant driver, fueled by generational shifts in wealth ownership and the increasing complexity of estate planning. The demand for sophisticated financial planning, investment management, and tax optimization services is also pushing market expansion. Multi-family offices are gaining traction due to their scalability and ability to offer a wider range of services at a potentially lower cost compared to single-family offices. While regulatory changes and economic uncertainties present potential restraints, the overall market outlook remains positive, with consistent growth projected through 2033. Key players like Cambridge Associates, KPMG, Deloitte, and PwC are shaping the market landscape through their comprehensive service offerings and global reach. Geographic expansion, particularly in Asia-Pacific and emerging markets, offers further growth opportunities. The market's growth is influenced by several factors. Technological advancements, such as AI-driven portfolio management and advanced data analytics, are streamlining operations and improving efficiency. Furthermore, the increasing awareness of sophisticated wealth management strategies and the growing need for specialized expertise in areas like philanthropy and impact investing are boosting market demand. Competition among existing players remains high, leading to innovation in service offerings and pricing strategies. The market is witnessing a growing trend toward personalized and integrated wealth management solutions tailored to the unique needs of individual families. This necessitates specialized expertise in various areas such as legal, tax, and investment advisory services. The continued expansion of the HNWI and UHNW populations, particularly in regions like Asia and the Middle East, will remain a key driver of market growth in the coming years. The market is expected to see a steady increase in consolidation and mergers and acquisitions as larger firms seek to expand their service offerings and geographic reach.
The average net worth of families in the United States increased nearly twofold between 1989 and 2007, when it reached ******* U.S. dollars. Following the financial crisis of 2008, the average net worth of Americans families dropped to ******* U.S. in 2013. In the following years, American families' net worth started increasing again, reaching a value of nearly ******* U.S. dollars.