Overview

• Private household financial assets rose 8.7% year over year in 2024 to €269 trillion gross, with net financial wealth at €210 trillion.
• Securities appreciated far faster than other holdings, up about 11.5% in 2023 and 12.0% in 2024, outpacing deposits and insurance or pension claims.
• About half of 2024’s global increase came from the U.S., which leads per-capita net financial wealth at €311,000, while Germany stands at €86,800 (13th).
• Allianz’s study covers household financial assets and liabilities in 57 countries representing 91% of global GDP and 72% of the population, and it excludes real estate.
• Wealth is highly concentrated, with the richest 10% in the sample holding roughly 85% of total net financial wealth.