Swiss are the richest people in Europe. Swedes ranked at fourth

Swiss are the richest people in Europe. Swedes ranked at fourth - By: Arif Kisana

STOCKHOLM: According to the report, which measured wealth on a per capita basis, the Swiss, the Americans, British and Belgians in the world's top ten rich list, the Swedes came at fourth in a major global wealth study by insurer Allianz. According to the report, which measured wealth on a per capita basis, Swedes are the fourth richest people in Europe, and the fifth richest on the planet, with net financial assets averaging €82,920 (782,425 kronor, $93,175).

While residents of the Nordic nation followed closely in the footsteps of those in the UK and Belgium, where average assets totalled €86,230 and €84,770, the Swiss were way ahead with a figure of €157,450, up 5.8 percent on 2013. The US came second. Sweden scored the same spot in the rich list a year ago.

Along with Denmark, it was praised for bouncing back to pre-crisis economic levels, joined by the UK and Switzerland. The Allianz report also noted a growth in per capital personal debt in Sweden. It showed that this was up 5.1 percent, with Norway and Denmark also reporting similar above average rises.

In addition, Allianz looked at growing inequalities within western nations by using the Gini coefficient - a measure of income distribution of nations’ residents where zero is perfect equality and one (or 100 percent) is maximal inequality. It found that income inequalities are greatest in the US (80.6 percent), followed by Sweden (79.9 percent).

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1 Oct 2015


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