This is the result of the Allianz Global Wealth Report published yesterday, Wednesday. The insurance group cites the war in Ukraine, high inflation and tightened monetary policy as reasons. Adjusted for prices, households could even lose a tenth of their wealth this year.
While the financial crisis was followed by a relatively quick recovery, the outlook is now bleak, said Allianz chief economist Ludovic Subran. He expects annual nominal growth in financial assets of 4.6 percent for the next three years. In the previous year, financial assets had increased by 10.4 percent to 233 trillion euros worldwide.
In Austria, the average private net financial assets per capita in the previous year was EUR 67,930. This is the 19th richest country in the world. The USA leads the ranking with 259,780 euros per capita.
Source: Nachrichten
