Suche
Mein Konto
Analysis: Private households in Germany are getting richer - financial assets rose by 6.4 percent to 7.9 trillion euros
According to a report from www.tagesspiegel.de, private households in Germany will have become richer overall in 2023. Nominal financial assets rose by 6.4 percent to more than 7.9 trillion euros. This was achieved through price gains on the stock markets and increased savings interest rates. The prospects for private households' accumulation of financial assets remain good, as the savings rate is higher than in the previous year. The increased focus on saving, the increased prices on the stock markets and the rising interest rates lead to a stable increase in assets. The increase in financial assets by 6.4 percent has positive effects on the market and the financial sector. First shows...
Analysis: Private households in Germany are getting richer - financial assets rose by 6.4 percent to 7.9 trillion euros
According to a report by www.tagesspiegel.de, private households in Germany will have become richer overall in 2023. Nominal financial assets rose by 6.4 percent to more than 7.9 trillion euros. This was achieved through price gains on the stock markets and increased savings interest rates. The prospects for private households' accumulation of financial assets remain good, as the savings rate is higher than in the previous year. The increased focus on saving, the increased prices on the stock markets and the rising interest rates lead to a stable increase in assets.
The increase in financial assets by 6.4 percent has positive effects on the market and the financial sector. First of all, this shows that people in Germany are saving more money and also investing in securities. This can lead to the financial industry experiencing a boom through increasing deposits and investments. In addition, the higher prices on the stock markets and the increased interest rates could make new investment products more attractive. This could lead to increased demand for various financial products, which in turn would have a positive impact on the market.
Furthermore, the fact that the savings rate in Germany in 2023 will be higher than in the previous year suggests that people are being more careful with their money and are increasingly focusing on financial security. This could lead to increased demand for safe investment products such as fixed-term deposits or bonds. At the same time, consumer goods companies could see lower demand for their products as people consume less and instead save more.
Overall, it can be said that the increasing trend in financial assets and the higher savings rate could have positive effects on the market and the financial sector, but also bring about changes in the population's consumption behavior.
Read the source article at www.tagesspiegel.de