Germany’s Wealthiest: Self-Employed and Civil Servants Lead in Asset Accumulation, New Government Report Shows
Berlin – A new poverty and wealth report released by the German Federal Government reveals a continued rise in asset accumulation among private households over the past four years, while highlighting the strong correlation between wealth and employment status. The report underscores that ownership of real estate, companies, and investments remain key drivers of high net worth.
according to the findings, the self-employed are the wealthiest group in Germany, boasting an average fortune exceeding one million euros. Roughly half of the assets held by these households,concentrated in southern germany,are tied to company ownership. Looking at the median – the point where half have more and half have less – the self-employed still lead with assets of 475,500 euros.
Civil servants also demonstrate critically important wealth, with average net assets exceeding 500,000 euros (a median of 320,000 euros). This is considerably higher than the average for employees (approximately 280,000 euros, with a median of 101,000 euros) and workers (around 150,000 euros average, 56,000 euros median).
The report also noted the financial position of those not currently employed. Unemployed individuals held the lowest average assets,at just under 70,000 euros (median of 3,400 euros). However, a group of non-employed individuals – including pensioners, homemakers, and those not requiring social benefits – possessed an average of over 300,000 euros (median of 100,000 euros) in net assets.
The report acknowledges the challenges in pinpointing exact wealth figures due to the voluntary nature of many surveys, which can introduce subjectivity. Though, it emphasizes that independent statistical surveys corroborate the overall picture of wealth distribution within Germany.
