Frankfurt / Main (dpa) – The boom on the stock markets, the financial assets of people in Germany can climb late last year to a record level. At 5.318 trillion euros, the household wealth accumulated in the form of cash, securities, bank deposits and claims against insurance companies.
The strong increase of € 105 billion, or two percent compared to the third quarter of 2015 declared the Bundesbank especially with the time their situation on the stock markets: have the case of shares and shares in investment funds there have been “significant valuation gains” of around 62 billion euros.
The historically low savings rates also drive demand for securities at: Equities and other equity purchased, on balance, amounting to nearly seven billion euros. With net just under eight billion euros and shares in investment funds recorded significant inflows, which mainly equity funds were in demand.
Thanks to the robust labor market and rising real wages many people were able to salt away more. Money flowed like in previous quarters despite extremely low interest preferably in short-term and had been considered a safe bank deposits as well as in insurance and pension fund. Through such transactions, the financial assets increased by more than 43 billion euros.
In response, many consumers use the low interest rates also, in order to get favorable loans as for housing. However, the household liabilities increased only by about seven billion euros. On balance, the net financial assets thus increased after two quarters of declines on now 3.697 trillion euros.
In the third quarter 2015, the financial assets of Germans was first shrunk for four years. At that time the rate turbulence on the stock markets left negative traces, pushing the value to 5.213 trillion euros.
Such declines are the exception, otherwise there was in the past years a steady rise. In the first quarter of 2000, the financial assets of private households was still in Germany at 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. Even as the assets are distributed, it is not apparent from the study.
Bundesbank monetary wealth Q4 / 2015
Long Range Financial investment
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