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Without the real estate: financial assets of private households for the first time, over six trillion euros

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The Germans are in spite of the interest rate sluggishness in the sum will always be wealthy. The financial assets of private households rose in the third quarter of 2018, for the first time above the mark of 6 trillion euros, as the German Bundesbank announced on Wednesday in Frankfurt.

as compared To the second quarter, total assets increased by 76 billion euros to the record level of 6053 billion euros. While the Germans relied primarily on cash and Bank deposits, on which you can access quickly. The claims against insurance companies for retirement increased.

The Bundesbank into account in the calculation of the monetary assets cash, Bank deposits, securities and claims on insurance, but real estate. How the wealth is distributed, it is not apparent from the data.

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