THE gross financial assets of Philippine households increased by a whopping 12.9 percent in 2022, markedly above the increase of 7.0 percent in the previous year.
According to the Allianz Global Wealth Report of 2023, the Philippines is one of the very few countries in the world where growth in financial assets accelerated in 2022. This was a time Philippine household assets up 12.9 percent in 2022.
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