US beats Switzerland in ‘richest nation’ rating, while global wealth slumps due to trade war & Brexit

Shoppers walk through the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia, Pennsylvania, US. File photo. Reuters Mark Makela

The US is now the world’s richest nation, beating the Swiss, while the rest of the world is losing its wealth, falling victim to the political muddle surrounding Brexit and the US-China trade war, a new report shows.

According to the latest Global Wealth Report published by German insurer Allianz, the average net financial assets of people living in the United States is €184,411 (US$203,128) per capita against €173,838 for Switzerland. The figures given are for 2018.

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