India, Sept. 29 -- Although most experts are doubtful about the current American economic policies, something does work for the US President Donald Trump. The latest Allianz Global Wealth Report (2025) indicates that while the financial assets of private households globally grew by almost nine per cent in 2024, American reigns supreme. North America generated more than half of the growth during the year. "When it comes to financial wealth, the US continues to call the shots," states the report. It adds, "Remarkably, America's share (of the total financial assets) has hardly changed in the last 20 years." China accounts for almost 20 per cent of the annual growth, which is higher than Western Europe (just over 14 per cent).

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