The development of assets in Germany from 2017 to 2021: average and median assets increased. Expert analysis and valuable tips!

The development of assets in Germany from 2017 to 2021: average and median assets increased. Expert analysis and valuable tips!

According to a report from www.merkur.de,

The latest survey by the German Bundesbank on assets in Germany shows that Germans' assets increased significantly between 2017 and 2021. The average wealth has increased from 232,900 euros to 315,500 euros, while the median wealth has increased from 70,800 euros to 106,600 euros. By stratifying their net assets, Germans can be classified according to their wealth class.

The increased wealth in Germany has various effects on the market and the financial sector. The increase in average wealth shows that the purchasing power of the German population has increased. This could lead to increased demand for luxury goods and services. At the same time, there could also be increased investment activity, as people with higher wealth tend to be willing to invest more.

With regard to asset stratification, effects on the financial sector can also be seen. Banks and financial institutions could specifically address the needs and investment wishes of different wealth groups. In both product development and marketing, they could create tailor-made offers for different wealth groups.

The increase in median wealth also shows that the financial situation of many households in Germany has improved. This could help increase consumer spending, which in turn could have a positive impact on the economy.

Overall, it can be said that the increase in wealth in Germany could have various positive effects on the market and the financial sector. However, it is important to note that changes in wealth can also have an impact on tax regulations and social aspects. But it also shows that it is a sign of more positive economic development and financial stability in Germany.