Allianz released its 14th edition of the “Global Wealth Report,” offering insights into the financial situations of households in nearly 60 countries. Chief Economist Ludovic Subran emphasized that inflation, not low interest rates, poses the greatest challenge to savers. In 2022, savers experienced a challenging year, marked by a global “everything slump” that led to a significant decline of -2.7% in private households’ global financial assets, the largest drop since the 2008 Global Financial Crisis.