We can envy the Germans for this. This year they will approach the record amount

As dw.com notes, dynamically developing stock markets meant that many Germans increased their capital last year. Our neighbors save an above-average amount of money, investing it, among others, in: just into stocks. In 2024, their value increased by almost EUR 200 billion.

Germans’ savings are impressive

According to estimates by the German Central Bank (DZ) from Frankfurt am Main, in 2024 German assets will reach EUR 9.3 trillion, which means an increase of almost 6%. compared to the previous year. – Even if stock market price levels rise more slowly in 2025, economic growth is slower and private savings rates are slightly lower, the outlook for assets will remain overall good – predicts Michael Stappel, an economist from DZ Bank, quoted by the website.

The expert predicts that private financial assets may increase by 4% this year. up to EUR 9.8 trillion. Stappel assumes that the savings rate across the country was 11.5% last year. (calculations by the Federal Statistical Office show that in the first half of 2024 it was 11.1%).

Germany’s savings rate hit record highs in 2020-2021 as the pandemic raged. At that time it was even close to 16%. Although there was a drop to 10.4% in 2023, Germany was still in the lead, second only to Switzerland and the Netherlands (19.4% and 12.7%, respectively).

The data from DZ Bank quoted by dw.com shows that approximately 9.4 percent private financial assets are directly invested in shares. Recently, due to the end of the era of zero and negative interest rates, some term deposits have also become profitable. In 2024, interest income of households from bank deposits increased to approximately EUR 30 billion.