According to a new study of global wealth by the German insurance firm Allianz, the United States remains by far the richest nation in the world. The average American has $130,764 in stocks, bank accounts and insurance, easily the highest number on the planet. We now have 39 percent of the world's wealth, as compared with 31 percent in all of Western Europe.
But our share of the pie is shrinking. Since the recession hit in 2007, American wealth has dropped by 12 percent. The only country that has lost a bigger percentage of it collective wealth in that time has been Greece, Europe's biggest basket case, which has seen its wealth drop by 14 percent.
In the longer term, over the past decade, wealth has risen by around 3 percent annually in the United States. The biggest winner over that time frame? Eastern Europe, which has been up an average of 16 percent per year since 2000.
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