Global Wealth Surge Predicted, UK Faces Decline in Millionaires

UBS report highlights significant growth in millionaire populations worldwide, with notable exceptions in the UK and the Netherlands.

The number of millionaires globally is expected to rise in 52 out of 56 surveyed countries by 2028.
Taiwan leads the growth with a projected 47% increase in millionaires, driven by its microchip industry.
The US, housing 38% of the world's millionaires, will see a 16% rise, while China's millionaire population will grow by 8%.
UK millionaires are forecasted to drop by 17%, attributed to economic shifts and tax policy changes.
Asia-Pacific region has seen a 177% wealth increase over 15 years, but also the highest debt growth at 192%.