UBS wealth report

I think we will see this report featured in mass media year over year.

https://www.straitstimes.com/business/household-wealth-rose-in-singapore-defying-downtrend-elsewhere-ubs-credit-suisse-wealth-report is a 2023 article that will disappear soon.

The annual study started in 2010 and aims to compare across countries and across decades.

2022 median wealth (net asset IMO) per Singapore adult was estimated at USD 100k (USD 99,488). In other words, half the Singapore adults own less than USD 100k per adult in net asset.

Q: does this figure look like underestimate or overestimate?
%%A: due to the longitudinal and international comparison, I think this is unlikely to be under- or over-esimated. However, the exclusion criteria for “wealth” is unknown to me, though I know they include each adult’s securities and real assets.

Why “per adult”? I guess that personal wealth is always held under a name, of an adult. An underaged person can earn an income but can’t own wealth.