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Ranked: Wealth Per Person Across 22 Major Economies

Global wealth hit $570 trillion in 2025, a record high and $40 trillion more than the year before. Across the economies shown here, wealth per capita ranges from $504,000 in the United States to $41,000 in Mexico.

This graphic uses McKinsey & Company analysis to visualize wealth per capita across 22 major economies in 2025, with per capita figures calculated using UN World Population Prospects data.

The U.S. and Australia: Wealth Outpacing GDP

The U.S. leads the ranking at $504k per capita, with gains driven largely by rising stock prices concentrated among a small number of large tech companies. In second-ranked Australia ($445k), property was the main driver. Real estate there is now equal to 4.5 times annual economic output, the highest ratio of any major economy.

The table below ranks 22 major economies by wealth per capita, alongside each country’s total wealth and 2025 population.

Because per capita figures are averages rather than medians, they can be pushed higher by wealth concentrated at the top.

The Federal Reserve finds that the top 10% of Americans hold roughly two-thirds of all household wealth, while the 2022 Survey of Consumer Finances puts median U.S. household net worth at $192,900.

The gap highlights why the $504k per capita figure should not be interpreted as the wealth of a typical American household. At the state level, financial distress also varies widely.

Inside Europe’s $300,000 Per Capita Divide

Denmark tops the continent at $350k per capita, just behind Australia globally, with the Netherlands close behind at $349k. At the other end, Poland sits at $47k, creating a gap of more than $300k between two EU member states.

Eastern European members such as Poland are still building wealth from a lower base than their Western neighbors.

In Germany and France, dollar-denominated wealth grew slightly, but both countries saw declines in local currency terms. Falling real estate values were the main culprit.

China’s Household Net Worth Is Below the Global Average

China stands out at just $53k in wealth per capita, below the global average of $69k. By comparison, South Korea sits at $194k and Japan at $179k.

Japan saw the largest upswing in household wealth growth in 2025, driven mostly by rising nominal asset values rather than new investment. Chinese households, meanwhile, hold a large share of their wealth in cash and bank deposits rather than stocks or property, limiting their exposure to the asset-price gains that drove wealth growth elsewhere in 2025.

Mexico rounds out the ranking at $41k, roughly one-twelfth of the U.S. figure. All figures in the dataset are calculated at market exchange rates.

At purchasing power parity, which adjusts for differences in the cost of living, the gap between Mexico and the wealthiest economies would be narrower.

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Mapped: Lifetime Taxes in Every U.S. State

How much money do you have to pay in taxes over a lifetime?

This visualization maps the estimated lifetime tax bill for a single filer in every U.S. state, including federal and state income taxes, as well as sales, property, and vehicle taxes.

The data for this visualization comes from Self Financial, with estimates as of June 2026.

The analysis assumes a 45-year working life with constant earnings and tax rates, a life expectancy of 79.6 years, homeownership beginning at age 40, and ownership of five vehicles over a lifetime.

New Jersey Tops the Ranking

New Jersey has the highest estimated lifetime tax bill in the country at $1.36 million.

Massachusetts follows at nearly $1.30 million, while Connecticut ranks third at $1.25 million. New Hampshire and New York round out the top five, highlighting the Northeast’s strong presence near the top of the ranking.

Florida Has the Lowest Lifetime Tax Bill

At the other end of the ranking, Florida has the lowest estimated lifetime tax bill at $508,980.

Florida’s lower total is helped by the absence of a state individual income tax, reducing the tax burden that residents pay on their earnings over time.

South Dakota is next at $515,732, followed by Arkansas at $517,942 and Oklahoma at $526,333. Together, the four lowest-ranked states have estimated lifetime tax bills ranging from about $509,000 to $526,000.

States in the Middle of the Pack

Several large states fall closer to the middle of the ranking. Texas has an estimated lifetime tax bill of $615,932, while Georgia comes in at $655,532 and Arizona at $698,824. Pennsylvania ranks higher at $835,067, putting it well above these states but still below the million-dollar mark.

Having no state individual income tax does not necessarily translate into a low overall lifetime tax bill. Washington, for example, ranks 16th at $816,217, above many states that levy an individual income tax. The estimates also account for federal income, property, sales, and vehicle taxes.

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