How the world’s $2.6 quadrillion wealth bomb could explode
It estimated that global wealth hit almost $US1.8 quadrillion ($2.6 quadrillion, with a quadrillion equalling a thousand trillion) last year. In most other countries they are around 1.0 times net assets.The other big element in the balance sheet is debt, where household debt has been trending down, but corporate debt in China has nearly doubled the global average and government debt, relative to GDP, had the fastest growth.
- ▪It estimated that global wealth hit almost $US1.8 quadrillion ($2.6 quadrillion, with a quadrillion equalling a thousand trillion) last year.
- ▪In most other countries they are around 1.0 times net assets.The other big element in the balance sheet is debt, where household debt has been trending down, but corporate debt in China has nearly doubled the global average and government d
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| Original publisher | The Sydney Morning Herald |
| Canonical URL | https://www.smh.com.au/business/the-economy/how-the-world-s-2-6-quadrillion-wealth-bomb-could-explode-20260728-p60j52.html?ref=rss&utm_medium=rss&utm_source=rss_feed |
| Publication time | Tue, 28 Jul 2026 11:57:22 +1000 |
| Retrieval time | 2026-07-28T02:03:20.501Z |
| Last seen | 2026-07-28T02:03:29.055Z |
| Headline source | Publisher (no WeSearch rewrite) |
| Excerpt source | publisher body |
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| Summary | WeSearch · cerebras-chat (WeSearch summarizer) |
| Summary source text | contentText |
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| Cluster | KgHORciAzu1v · 1 stories |
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Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.