A new study released this week by the Institute for Economic Research (IW) reveals a significant correlation between age and household wealth in Germany. The research highlights a stark disparity in asset accumulation across different age groups.
In 2023, the median net wealth of all German households was €103,100. This figure represents the midpoint – half of all households possessed more assets, while the other half held less. The wealthiest 10% of households were found to have assets exceeding €777,200.
The study’s findings underscore the gradual nature of wealth building, typically spanning an entire working life. Households headed by individuals under 35 exhibited a considerably lower median net wealth of just €17,300. A dramatic increase is seen in the 55-64 age group, where the median net wealth climbs to €241,100 – the highest recorded across all age brackets. Even among those aged 75 and older, a substantial median wealth of €172,500 remains, demonstrating the accumulated effect of long-term savings and investment. The research suggests that while assets are typically drawn upon during retirement, significant reserves often remain.