My house, my car, my bank account – for the average household’s all taken together clearly worth less than a few years ago. According to a study by the German Institute for Economic Research (DIW), the so-called real net wealth of households has shrunk in the years 2003 to 2013 by almost 15 percent.
When calculating the inflation trend is taken into account. It is about the real value, ie the purchasing power of the assets, which consists among other things of monetary assets and real property less liabilities. Kam of the average household in Germany in 2003 still on a total net assets of around 137,000 euros, there were just under 117,000 euros in 2013 only – a drop of just over 20,000 euros.
The researchers do mainly two reasons for this: the “weak performance of owner-occupied real estate” and the “investment behavior of the Germans”.
So is the value of real estate has risen in recent years in certain metropolitan areas such as Munich, Berlin or Cologne, while the rest of the Republic, many homes have real lost value.
Many savers invested their assets also preferably in low-risk, but low-return investments such as savings accounts, checking accounts or savings contracts. This would, however, “does not even compensate for inflation often,” said Markus Grabka, one of the study authors.
have a particularly strong increase in the assets, therefore, people who received gifts or inheritances. Those who live permanently for rent, on the other hand had very low capital gains and also on average less than 3,000 euros, the lowest net assets.
The authors handles for their study commissioned by the Hans Böckler Foundation on data from the Federal Statistical Office and the DIW’s Socio-Economic Panel back. The results contradict the national accounts (SNA) of the Federal Statistical Office. These have made a real plus net assets amounting to 20 per cent for the years 2003 to-2013. DIW makes for this deviation especially the methodological differences in the collection of residential property in charge.
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