Germany‘s Wealthiest: Self-Employed and โฃCivilโค Servants โLead in Assetโข Accumulation,โข New Government Report Reveals
Berlinโข – A โฃnew povertyโ and wealth reportโค released by the German โFederal Government highlights aโฃ significant disparity โคin asset distribution across the โฃcountry, โrevealing thatโ the self-employed andโค civil servants hold the โlargest fortunes. The report, whichโค acknowledges the challenges inโ accurately gauging wealth due too reliance on voluntary surveys, corroborates findingsโข from autonomous statistical analyses.
The data shows the self-employed are, on average, the โwealthiest group in Germany, boasting a โคfortune exceeding one million euros. โroughly โhalf of the assets heldโฃ by โthese households,concentrated in southern Germany,are tied to company ownership. Adjusting for the โskewing effect of extremely โคhigh โwealth,โข the median asset value for the self-employed is โฌ475,500 – โstill the highest among all employment categories.
German civil servants also demonstrate โฃsubstantial โwealth, with average โnet assets exceeding โฌ500,000 (โฌ320,000 median).Thisโฃ substantially โฃsurpasses theโ average wealth of โemployees (โฌ280,000 average; โฌ101,000 median) and workers (โฌ150,000 average; โฌ56,000 โmedian).
The report also notes the considerable wealth held โby those โคcurrently โunemployed, averaging โขjust under โฌ70,000 (โฌ3,400 median). A particularly noteworthy group isโฃ the non-employed – including pensioners, homemakers, and thoseโ not requiring social benefits – who hold โฃan average โof over โฌ300,000 (โฌ100,000 median) in net assets.
The report underscores โขthe strongโค correlation between wealth and ownership of real estate, businesses,โข and investments, providing โฃa snapshot of Germany’s economic landscape and the varying โlevels of financial security among its citizens.