2024 saw another year of solid growth for the global economy – and another bumper year for financial assets of private households, which rose by +8.7%, surpassing the strong growth of the previous year (+8.0%). By the end of 2024, total financial assets had reached a new absolute record of EUR269trn. Owning securities, particularly stocks, is key for asset growth. In this respect, the last two years have been extremely gratifying for savers. In both 2023 (+11.5%) and 2024 (+12.0%), securities grew almost twice as fast as the other two asset classes: insurance/pensions (+6.7% and +6.9%, respectively) and bank deposits (+4.7% and +5.7%, respectively). However, the extent to which savers benefit from rising securities prices varies widely between countries and regions due to differences in portfolio structures. Notably, it is primarily North American savers who invest in securities, accounting for 59% of portfolios. In Western Europe, for example, this figure stands at just 35%.
The interactive “Allianz Global Wealth Map” offers an easy way to analyze and compare wealth data. With the interactive “Allianz Global Wealth Map”, readers can navigate the “data jungle” by themselves. Simply click on a country and retrieve data, from total financial assets to liabilities per capita. The data will be represented in two different ways: either as development over time or as regional comparison for the latest year. And for the quick reader, there are the five most frequently asked questions about the wealth situation of households at the top of the map.
All figures in Euro are converted on the basis of the 2024 exchange rate.
