New Delhi, Oct. 1 -- Market gains, rather than new household savings, drove most of the growth in global financial wealth last year, according to the Allianz Global Wealth Report 2026. But the extent to which households benefited from this depended on where they invested, particularly their exposure to equities.

The data indicates that saving more does not necessarily mean building more wealth, as the returns generated by different asset classes can have a major impact on how quickly household financial assets grow over time.

The past three years have been particularly rewarding for risk-taking investors as strong stock-market gains boosted the value of securities in their portfolios. Between 2023 and 2025, securities grew by an average...