People in Germany their wealth over the past year have multiplied tidy. End of 2015. The assets of private households in the form of cash, securities, bank deposits and claims against insurance companies amounted to 5.3 trillion euros.
This was announced by the Bundesbank on Friday in Frankfurt with. In just the last three months of the year the assets increased accordingly to around 105 billion euros. That is two percent more than on September, 2015.
The reason for the sharp rise, the Bundesbank called, among other things the boom on the stock exchanges. In the capital markets, it recorded a “relatively high commitment of households”. With stocks and shares in investment funds there had been “substantial valuation gains” of around 62 billion euros.
However, securities play in the portfolio of assets still only a subordinate role. So come equities, fixed income securities, mutual fund shares and other equity in amount to only about 22 percent of the portfolio.
German hoarding more and more cash
money flowed despite extremely low interest preferably in short-term and as safe-assessed deposits and in insurance and pension fund. Through such transactions, the financial assets increased by more than 43 billion euros.
are the five worst investment error Deutsche
In addition, many people have given the extremely low interest rates further increased their cash holdings. No wonder: At least those large sums wish to invest in the bank, must in some institutions already paid minus interest
Many consumers took advantage of low interest rates and, in order to get favorable loans as for housing..
study does not indicate the distribution of the assets
at the same time, the indebtedness of private households increased – but only by about seven billion euros, as the Bundesbank also announced. The net financial assets increased during the last quarter of 2015 again, to 3.7 trillion euros
The latest figures of the Bundesbank confirmed an encouraging trend. In the past years saw the financial assets of Germans a steady rise. Thus, the financial assets of private households in Germany was still in the first quarter 2000 was 3.39 trillion euros, in early 2010, there were good 4.29 trillion euros.
real estate or works of art are not included in the statistics. The question of how the assets are distributed,
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