Total global household wealth to rise 50% by 2016, to US$345T, Credit Suisse forecasts; U.S. will remain world's wealthiest nation, with China surpassing Japan as second-wealthiest

GENEVA , October 20, 2011 () – A report by Swiss bank Credit Suisse predicts that total household wealth worldwide will rise 50 percent in the next five years to $345 trillion from $231 trillion today.

The bank's second annual Global Wealth Report also predicts that on average each adult on the planet will have a net worth of $70,700 in 2016, up 40 percent from 2011.

The report released Wednesday suggests China will replace Japan as the second-wealthiest country in the world by 2016.

China's total household wealth in five years is forecast to be $39 trillion, the same level the United States had in 1990.

The report says the U.S. will remain the world's wealthiest nation with projected total household wealth of $82 trillion in 2016.

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