Allianz Global Wealth Report 2022:  South African savings grew by 15.4% in 2021

  • Three times lucky: For the third year in a row, global financial assets grew by double-digits in 2021, reaching EUR 233trn (+10.4%)
  • Turning point: In 2022, a nominal decline by more than 2% is on the cards – in real terms, households will lose a tenth of their wealth
  • The return of debt: Household debt increased by 7.6% in 2021, the fastest increase since before the Global Financial Crisis (GFC)
  • Record growth: South African savings grew by 15.4% in 2021, clocking the fastest increase since the GFC. 
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