(Reuters) - The United States has 10 times more affluent households than China or India, research shows, undermining arguments the global economy can be sustained by consumption in emerging markets. A survey of affluent households around the world -- defined as having wealth of more than $100,000 -- by research firm TNS found 80 percent of such people live in Western countries.
While the number of affluent households in China and India is 3 million each, the U.S. has more than 31 million, the survey shows...
Reg van Steen, a director of business and finance at TNS, said researchers had to drop the wealth threshold to $40,000 for Brazil to make it possible to find a large-enough sample...
The number of households with more than $100,000 in liquid assets stands at 2.9 million in the UK, 2.5 million in Germany and 2.7 million in France, the survey of 12,000 people in 24 countries found...
The incidence of affluence in the U.S. is 27 percent, the study shows, ... while the proportion in China is 0.75 percent. India's affluent make up 1.25 percent of the country's population...
The top three -- the U.S., Japan and Germany -- account for more than half of the world's millionaires.
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