Private wealth held by Germans has risen above the €10 trillion mark, underscoring the country’s long-standing culture of savings despite economic uncertainty and rising living costs.

According to a new study by DZ Bank, private financial assets in Germany reached about €10.03 trillion in 2025, representing a 6% increase compared with the previous year. The growth has been driven by consistent household savings and gains from rising stock market prices, even as many Germans remain cautious about investing heavily in equities.

DZ Bank economist Michael Stappel, who compiles the data twice a year, said private wealth is expected to keep growing in 2026, although at a slightly slower pace. He projected that financial assets could rise by around 5% to €10.5 trillion next year, noting that absolute household savings are likely to remain stable even if stock market gains moderate and the savings rate dips slightly.

Economic uncertainty, job security concerns and persistent inflation have encouraged many German households to delay spending and prioritise saving. However, data from the Federal Statistical Office shows that Germans saved less money in 2025 than in the previous year, reflecting pressure on disposable incomes.

Even so, Germany’s savings rate remains high by international standards. In the first half of 2025, households saved 10.3% of their disposable income, meaning an average of €10.30 saved for every €100 earned. This translates to nearly €270 per person per month.

Based on figures from the first three quarters of the year, DZ Bank estimates the overall savings rate for 2025 at 10.4%, slightly lower than 11.2% in 2024, but still well above the global average.