The consulting firm Boston Consulting Group (BCG) has published the Global Wealth Report, a large wealth study that also allows conclusions to be drawn about the savings behavior of Germans. The picture is confirmed once again: Germans are unacceptable about stocks.
The authors of the study write that last year 40 percent of assets in Germany were in savings or cash. That is ten percent more than the average in Western Europe. The Germans receive no or only minimal interest on this money, which is not attractive.
The financial assets of Germans increased overall from 2018 to 2019 – adjusted for currency effects by around 6.4 percent to 7.7 trillion US dollars. With this development, Germany is still in fifth place in a global comparison of total assets.
Asset growth in Germany due to good DAX development
Important note from Anna Zakrzewski, BCG partner and author of the study: “The increase is due on the one hand to the strong development of the Dax, and on the other hand to the successful economic year 2019 with an increase in gross domestic product for the tenth time in a row.” the author points out that the Germans would have missed a good chance of increasing their wealth in 2019 – because a lot is not invested in the stock market.