Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 17 2024
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Source: CNBC
- Turkey Leads Global Wealth Growth: Turkey experienced a significant increase in wealth per adult, surpassing other nations by over 157% between 2022 and 2023, despite high inflation rates.
- Impact of Inflation on Wealth Accumulation: High inflation in Turkey has led to a rise in asset values like housing, benefiting those who own such assets while negatively affecting others whose wages do not keep pace with inflation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
