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Half of German Households Hold at Least €100,000 in Net Wealth

Distribution experts recommend cutting income taxes to help younger and renter households build assets more equitably.

Die Hälfte der deutschen Haushalte verfügt über ein beeindruckendes Vermögen von über 100.000 Euro. (Symbolbild)
Man with son having fun in hot summer garden.
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Overview

  • The median net wealth of German households reached €103,100 in 2023, according to the IW analysis of Bundesbank data.
  • Households need over €777,200 to join the top ten percent of wealth holders in Germany.
  • Net assets follow a life-cycle trajectory, climbing from €17,300 for under-35s to a peak of €241,100 for those aged 55 to 64 before falling in retirement.
  • Homeownership is a key driver of wealth, with fewer than 10 percent of under-35s owning homes versus more than half of 55- to 64-year-olds.
  • IW distribution experts say reducing income-tax burdens could expand private wealth-building opportunities beyond current homeowner and older demographics.