The lower and middle classes in Germany have significantly more wealth than previously assumed - a new study shows surprising results.

The lower and middle classes in Germany have significantly more wealth than previously assumed - a new study shows surprising results.

According to a report from www.welt.de, a new study by the German Institute for Economic Research (DIW) shows that wealth distribution in Germany is less unequal than previously thought. The lower class has a higher share of total wealth than previously assumed, namely over 9.2 percent. It was also found that the middle class owns a significantly higher proportion of total wealth, namely 41 percent. The reason for this is that pension entitlements, such as statutory pension insurance, company pensions and civil service pensions, were included in the calculations. These make up 70 percent of the total wealth of the poorer half of the population. However, the results do not mean that the problem of unequal wealth distribution in Germany is any less dramatic.

These new findings could have a significant impact on the market and the financial industry. Taking pension entitlements into account when distributing assets could change the investment behavior of many households. People who were previously classified as poor may now be viewed as wealthier because of their pension rights, which could affect lending, insurance premiums and consumer behavior. The financial industry could also adapt its products and services to this new reality and increasingly rely on retirement provision products. This could also lead to a shift in market dynamics, particularly in the area of ​​private pension provision and investment advice.