Global financial wealth is increasing and setting new records, but Italy is defying the trend: while the rest of the world is accumulating capital, Italian wealth is shrinking due to weak markets, declining real asset values, and economic stagnation, which has hampered households' ability to save. This is according to the Boston Consulting Group's Global Wealth Report 2025, which tracks the evolution of global wealth. In 2024, the total global net worth increased by 4.4%, reaching approximately €440 trillion, as a result of an overall improvement in the macroeconomic climate, particularly in major developed economies and growing stock markets. Italy, however, defied the trend. Private financial wealth fell by 1.1%, totaling little under €6 trillion. This shrinkage, however, has little effect on Italy's global ranking: the country remains eighth in terms of financial wealth, trailing only the United States, China, Japan, Germany, the United Kingdom, Canada, and France.