McKinsey Global Institute has released a new report, entitled “The Rise and Rise of the Global Balance Sheet”, which looks at real assets, financial assets and liabilities across 10 countries that represent 60% of global income (i.e. Australia, Canada, China, France, Germany, Japan, Mexico, Sweden, the UK and the US).
McKinsey found that two-thirds of net worth is stored in real estate, with Australia experiencing the highest concentration of wealth from property:
Households have real assets ranging from 2.1 times GDP in Sweden and Mexico to 4.3 times GDP in Australia (as noted, balance sheets do not include consumer durables)…
