Contents3 Welcome
5 This year’s report at a glance
7 Global wealth levels
19 Wealth distribution
33 The outlook for wealth
36 Wealth snapshots37 The rise of the EMILLI, the Everyday MILLIonaire

38  The USA: a generational view on wealth
39 The global wealth transfer in detail
40 Money in motion: female inheritancein the United States

41  Wealth allocation: the market-level view42 Methodology

45 About UBS