How rich are the rich? Have their assets continued to grow despite crises? The Global Wealth Report provides answers: It examines the asset and debt situation of households in almost 60 countries.
2022 was a bad year for financial assets worldwide. Russia had launched a full-scale attack on Ukraine, thereby strangling the post-Corona recovery. Inflation rose rapidly; At the same time, the stock markets plummeted.
Now everything should get better. In 2023, global financial assets are expected to grow again – at least that’s what economists predict in the Global Wealth Report by Allianz Global Investors: by around six percent, if everything goes well.
It depends on the markets
Above all, this means that the financial markets must continue to play along. In their study, the experts assume a recovery on the stock markets. They play a special role in increasing wealth.
Last year, the slump on the stock markets was primarily to blame for the loss. According to the study, 6.6 trillion euros in investments were destroyed.
Stocks instead of savings accounts
How important investing in stocks can be can be seen in the ranking – using the example of Germany and Austria. Germany has fallen to 19th place among the 20 wealthiest countries. They swapped places with their neighbors in the Alps.
The reason: While Germans still adore savings accounts, Austrians have recently discovered their love for the financial market.
The scissors gape
What has remained the same in all the years since the study began – and will probably not change: wealth worldwide remains unfairly distributed. The richest ten percent worldwide have 85 percent of global wealth – an average of 270,000 euros.
As in previous years, the highest per capita wealth is found in the USA, followed by Switzerland and Denmark.
With information from Samir Ibrahim, ARD financial editorial team