Inflation offsets strong household asset growth as inequality persists
SA savers outpace European counterparts, who have had four successive years of decline
25 September 2024 - 17:54
SA households experienced financial asset growth of 8.3% in 2023, reflecting a recovery from the previous year’s near-zero (0.1%) increase, according to the latest global wealth report by Munich-based international insurer Allianz. But inflation dulled the effect.
Adjusted for inflation, the real growth in financial assets is a modest 2.2%...
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