Germany‘s Wealthiest: Self-Employed and Civil Servants Lead in Asset Accumulation, New Government Report Reveals
Berlin – A new poverty and wealth report released by the German Federal Government highlights a significant disparity in asset distribution across the country, revealing that the self-employed and civil servants hold the largest fortunes. The report, which acknowledges the challenges in accurately gauging wealth due too reliance on voluntary surveys, corroborates findings from autonomous statistical analyses.
The data shows the self-employed are, on average, the wealthiest group in Germany, boasting a fortune exceeding one million euros. roughly half of the assets held by these households,concentrated in southern Germany,are tied to company ownership. Adjusting for the skewing effect of extremely high wealth, the median asset value for the self-employed is €475,500 – still the highest among all employment categories.
German civil servants also demonstrate substantial wealth, with average net assets exceeding €500,000 (€320,000 median).This substantially surpasses the average wealth of employees (€280,000 average; €101,000 median) and workers (€150,000 average; €56,000 median).
The report also notes the considerable wealth held by those currently unemployed, averaging just under €70,000 (€3,400 median). A particularly noteworthy group is the non-employed – including pensioners, homemakers, and those not requiring social benefits – who hold an average of over €300,000 (€100,000 median) in net assets.
The report underscores the strong correlation between wealth and ownership of real estate, businesses, and investments, providing a snapshot of Germany’s economic landscape and the varying levels of financial security among its citizens.
