Private households could settle world's sovereign debt three times over

Net financial assets exceed a100tn for first time and remain concentrated in world's richest regions

The financial assets of private households have reached a record a135.7tn (100.3tn), enough to settle the planet's sovereign debt and still have two-thirds of the total left over, according to Allianz's Global wealth report for 2015.

Debts owed by private households increased by 4.3% on 2013 to total a35.2tn last year, which means that net financial assets (gross assets minus debt) have topped a100tn for the first time.