Concerns that we are in a "lost decade" for global wealth growth have been given further credence by the latest "Global Wealth Report" released by the Credit Suisse Research Institute on Tuesday.
According to the researchers, "In recent years, there has been a growing sense that the economic recovery is shallow, and has not reached all layers of society. Evidence from our global wealth database supports this view."
"While exchange rate movements sometimes obscure trends, wealth per adult and median wealth have grown well below their potential during the last nine years, compounding fears that we are in the midst of a lost decade for global wealth growth," the paper continues.
The 1.4 percent rise in global wealth over the 12 month period to June 30 has only kept in line with population growth, meaning that for the first time since 2008 the wealth per adult measure has remained flat, according to the research.