Wednesday, March 15, 2006
Wealthy Italians Exceed those in Spain and France, Behind UK and Germany , But Not by Much
The
Impression that the European and US Press gives is Italy as a poor southern
("hick") cousin of it's Northern European neighbors.
So
wouldn't you be surprised that Mass Affluency was
11.5% in Germany, 10% in the UK, 9.8% in Italy, with 9.2 % in France and 6% in Spain.
Italy was
a mere 2/10 of 1% behind the pompous British, whose media never miss an
opportunity to point out imperfections they perceive in Italy, frequently
describing Italy as grand chaos, while they blow their own horn of
pride, while relying on the pomp of their Monarchy , which besides being an
embarrassment, is immensely archaic, and pays homage to the
oppressive "Feudal" system, and is an Insult to Democratic
Ideals!!!.
Banking Business Review OnLine annually publishes Wealth Statistics from
around the Word, but this report focuses on Europe.
The 2005
that reports on 2004, focuses on the onshore liquid wealth of Mass Affluent and
High Net Worth customers. It sizes, segments and forecasts the number of
affluent individuals and the liquid assets they hold. It investigates the
competitive landscape in terms of players, products and services and presents
the results of Datamonitor's large scale survey of
the main players.
SWITZERLAND: Wealthy clients accounted for
23.9% of Switzerland's total adult population,
equivalent to 1.5 million individuals. Within this, 2.9% were classified as
high net worths, while the remaining 21.0% fell
within the mass affluent category
GERMANY: Wealthy clients accounted for
11.5% of Germany's total adult population,
equivalent to 8.1 million individuals. Within this, 1.2% or 854,700 individuals
were classified as high net worths, while the
remaining 10.3% or 7.2 million individuals fell within the mass affluent
category.
UNITED KINGDOM: 10% of the UK population are mass affluent today
ITALY: Wealthy clients accounted for 9.8
per cent of Italy's total adult population,
equivalent to 5.7 million individuals. Within this, 1.0 per cent were
classified as high net worth individuals, while the remaining 8.8 per cent fell
within the mass affluent category.
FRANCE: Wealthy clients accounted
for 9.2 per cent of France's total adult population,
equivalent to 4.5 million individuals. Within this, 1.1 per cent were
classified as high net worth individuals, while the remaining 8.1 per cent fell
within the mass affluent category.
SPAIN: Mass affluents
currently account for 6% of the total population of Spain
EASTERN
EUROPE:
Wealthy clients accounted on average for 1.5 per cent of total adult population
in Hungary, Poland and the Czech Republic. Within this, on average 0.1 per
cent were represented by high net worth individuals, while on average 1.4 per
cent of the total population fell within the mass affluent category.
The
ANNOTICO Reports are Archived at: