Allianz Research

Powering ahead:
Global Wealth Report 2025

From unipolar to uneven: Fragmentation tests US market primacy and reshapes the global investment landscape

US equities have consistently outperformed global peers, cementing their dominance in portfolios worldwide. But past outperformance is becoming less bankable, especially when policy risk, concentration and valuation premia are taken into account. 

High prices, thin buffers: America’s affordability crisis persists

Despite signs of easing in services components, including rentals, US inflation has remained sticky, and low-income households in particular are feeling the pinch. 

Europe’s households after the rate shock: A windfall for some, a squeeze for others

When the European Central Bank began lifting interest rates in July 2022, it set off a quiet redistribution of wealth across the Eurozone’s households.