Overview
- Preliminary DZ Bank calculations indicate nominal private money wealth rose a little over 6% in 2025 to €10.03 trillion, an increase of nearly €600 billion.
- Equity markets delivered sizable gains, with stocks and funds adding about €290 billion to household assets as the DAX finished 2025 roughly 23% higher year over year.
- Households saved an estimated 10.4% of disposable income in 2025, exceeding the long‑term pre‑pandemic average despite easing from 2024.
- DZ Bank cites persistent uncertainty linked to the Ukraine war, US tariff policy under President Donald Trump, domestic infrastructure and bureaucracy constraints, softer income growth, and higher unemployment as drivers of elevated saving behavior.
- Wealth remains unevenly distributed, with about half held by the top 10% of households, while DZ Bank projects roughly 5% further growth in 2026 to about €10.5 trillion and the Bundesbank’s official Q4 2025 data are due in late April.