German Households See Record Wealth Growth in 2024

Private financial assets in Germany reached €9.3 trillion in 2024, driven by high savings rates and booming stock markets.

Private financial assets in Germany increased by nearly 6% in 2024, reaching €9.3 trillion, according to a DZ Bank estimate.
The growth was fueled by strong stock market performance and a high national savings rate, with Germans saving an average of 11.5% of their income in 2024.
Germany's savings rate remains one of the highest globally, trailing only countries like Switzerland and the Netherlands.
Approximately 9.4% of private financial assets are now invested in stocks, contributing €200 billion in value gains last year.
Analysts predict a further 4% rise in private wealth in 2025, though stock market growth may moderate compared to 2024.