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Latest News

MEPs warn proposed EU budget falls short of addressing major challenges

MEPs warn proposed EU budget falls short of addressing major challenges MEPs warn proposed EU budget falls short of addressing major challenges
  A group of leading Members of the European Parliament (MEPs) has strongly criticized the European Commission’s draft proposal for the...
Read More...

EU Democracy Shield aims to protect democratic integrity

EU Democracy Shield aims to protect democratic integrity EU Democracy Shield aims to protect democratic integrity
  The European Parliament has taken a significant step toward safeguarding democracy with the establishment of the European Democracy Shield...
Read More...

Young Europeans losing faith in democracy

Young Europeans losing faith in democracy Young Europeans losing faith in democracy
  Recent findings from a comprehensive survey conducted by the YouGov institute for the Tui Foundation reveal a concerning trend among...
Read More...

European Parliament condemns human rights violations in Georgia, Iran, and Mali

European Parliament condemns human rights violations in Georgia, Iran, and Mali European Parliament condemns human rights violations in Georgia, Iran, and Mali
  On Thursday, the European Parliament adopted three resolutions addressing serious human rights abuses in Georgia, Iran, and Mali. The...
Read More...

Denmark to champion Ukraine’s EU bid during Council presidency

Denmark to champion Ukraine’s EU bid during Council presidency Denmark to champion Ukraine’s EU bid during Council presidency
  Denmark has pledged to push forward Ukraine’s EU membership efforts when it assumes the presidency of the European Council on July...
Read More...

EU and Switzerland take major step toward modernised partnership

EU and Switzerland take major step toward modernised partnership EU and Switzerland take major step toward modernised partnership
  The European Commission has advanced a key initiative to renew and deepen ties with Switzerland, proposing that the Council approve a...
Read More...

EYE2025: thousands of young people to celebrate democracy in Strasbourg

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  On 13 and 14 June, around 8,500 young people aged 16 to 30 from across the globe will gather at the European Parliament in Strasbourg...
Read More...

EU approves Bulgaria’s eurozone membership for 2026

EU approves Bulgaria’s eurozone membership for 2026 EU approves Bulgaria’s eurozone membership for 2026
  Brussels has officially greenlit Bulgaria’s entry into the eurozone, with the country set to adopt the euro on 1 January 2026. The...
Read More...

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Belgium has emerged as the nation with the world's highest median wealth, as indicated by Credit Suisse's annual Global Wealth Report, as reported by De Tijd. The report further

notes a global contraction in private wealth, marking the first such decline since the financial crisis of 2008.

Released on Tuesday, the study delves into the household wealth of 5.4 billion individuals worldwide. It was produced by Credit Suisse Research Institute, the think tank affiliated with the bank.

The report employs two methodologies to rank nations in terms of affluence: average and median wealth. The former divides a nation's total wealth by its adult population, while the latter segments the population into two equal halves based on wealth, with the median value denoting the threshold between these two groups.

For the first time this year, Credit Suisse's analysis places Belgium at the pinnacle of the list, with a median wealth of $249,940 in 2022 (equivalent to €228,594 at the current exchange rate). Notably, this figure has experienced a minor decline of $7,860 from 2021. Belgium's ascendancy displaces Australia, which witnessed a steeper decline in median wealth, now securing the second position, followed by Hong Kong, New Zealand, and Denmark.

Considering average wealth, Belgium ranks 11th globally, boasting $352,810. Leading this metric is Switzerland with $685,230, while the top five also encompasses the United States, Hong Kong, Australia, and Denmark.

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