2024-12-04-安联贸易-2024年全球财富报告（英）_46页_2mb

Allianz Global Wealth Report 2024 Summary

Key Points:

1. Strong Growth in Global Financial Assets: In 2023, private households' financial assets grew by +7.6% (EUR 239 trillion), recovering from the previous year's losses.

2. Uneven Growth Across Asset Classes:

   • Securities (+11.0%) and Insurance/Pensions (+6.2%) benefited from stock market booms and higher interest rates, growing faster than long-term averages.
   • Bank Deposits saw a sharp decline of -19.3% (one of the lowest increases since 2003), primarily due to U.S. households liquidating deposits.

3. Country-Specific Trends:

   • China recorded the highest growth (+15.4%), followed by India (+12.7%).
   • North America (especially the U.S.) and Japan showed strong wealth accumulation despite inflation.
   • Europe experienced moderate growth, with concerns over inflation and potential four "lost years" in terms of real wealth growth.

4. Debt Dynamics:

   • Global private debt grew by +4.1%, a nearly nine-year low.
   • U.S. and European households reduced debt accumulation, while China saw rapid debt growth.

5. Wealth Distribution:

   • The richest 10% of the global population holds 85.7% of total wealth, highlighting significant inequality.
   • China and India showed improved wealth distribution, while Europe and North America saw a slight increase in inequality.

6. Economic Outlook:

   • Global financial assets are expected to grow +6.5% in 2024, but medium-term growth is uncertain amid AI, sustainability, and geopolitical risks.

7. Real Estate and Climate Risks:

   • Real estate stalled in 2023, with weak growth globally, while energy-efficient home standards increasingly influence property values.

In summary, while financial assets expanded significantly in 2023, growth is uneven across regions and asset classes. Inflation and uncertainty remain key concerns for future wealth accumulation.