Don't Ever Bet Against America's Wealthy

By Sam Pizzigati

Created 05/11/2011 - 6:29pm

Financial industry analysts are going ga-ga over the soaring cohorts of mega rich in China and India. But researchers at one influential global financial consulting group are calculating that the U.S. millionaire share of world millionaire wealth will actually increase over the next decade.

Financial industry analysts are going ga-ga over the soaring cohorts of mega rich in China and India. But researchers at one influential global financial consulting group are calculating that the U.S. millionaire share of world millionaire wealth will actually increase over the next decade.

Deloitte LLP has just become the latest global financial industry giant to take a stab at tallying the wealth of the world’s wealthy, joining, among others, Merrill Lynch [1], the Boston Consulting Group [2], and Credit Suisse [3]. But Deloitte seems to be carving out a niche all its own in the wealth census sweepstakes: the future.

The global wealth study Deloitte's Center for Financial Services released last week [4] projects, a decade ahead, the wealthy's wealth in 25 major countries “selected for their size, growth potential, and strategic importance.”