German Households Reach Record €9 Trillion in Wealth, Highlighting Inequality

While private wealth hits new highs, half of Germany's population holds less than 1% of net assets, underscoring significant disparities.

The Deutsche Bundesbank reports that private household wealth in Germany surpassed €9 trillion for the first time by Q3 2024, driven by savings and investment gains.
Investment in stocks, funds, and term deposits grew significantly, while cash and low-yield savings saw reduced inflows.
Top 10% of households control over 70% of net wealth, while the bottom 50% hold less than 1%, reflecting stark wealth inequality.
Many households lack meaningful financial reserves, with wealthier groups benefiting more from capital market returns and property ownership.
Economists predict continued growth in wealth, nearing €10 trillion in 2025, but systemic disparities remain unaddressed.