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Savings behavior of private households – PDF Download

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Structure of the financial assets of private households in Germany – Image: Xpert.Digital

This statistic shows the structure of the financial assets of private households in Germany in 2019. It depicts the situation at the end of the year. At the end of 2019, approximately 11.6 percent of the financial assets of German private households were invested in investment funds.

Structure of the financial assets of private households in Germany in 2019

• Bank balance* – 40.3%
• Insurance** – 35%
• Investment funds – 11.6%
• Stocks – 7.2%
• Pension values ​​– 2.3%
• Other equity interests – 3.6%

* Including cash.
** Including pension funds and trusts, professional pension schemes and supplementary pension institutions.

Savings rate of private households in Germany – Image: Xpert.Digital

A record high due to the coronavirus lockdown – in 2020, the savings rate of private households* in Germany was approximately 16.2 percent. The corresponding savings amounted to around 331 billion euros.

* Including private non-profit organizations.

Disposable income of private households

The disposable income of private households corresponds to the income that households ultimately have available after deducting direct taxes and social security contributions. It can be used for consumption and savings. At the end of 2020, the disposable income of private households in Germany amounted to approximately €1.983 trillion. The majority of disposable income is used for consumption. The portion not consumed, plus the increase in occupational pension entitlements, represents the savings of private households. The saved portion of disposable income is referred to as the savings rate.

Used savings products

Private households have a wide range of investment options available for their savings. Nevertheless, despite low interest rates, many Germans still use savings accounts or book accounts to invest their money. German savers prefer conservative investment options, even if their returns are currently close to zero. More volatile investments such as stocks are generally avoided. This is also reflected in the number of shareholders in Germany, which is still a considerable distance from its record high reached during the dot-com boom of 2000. However, the COVID-19 pandemic in 2020 led to a resurgence in stock market participation.

Savings rate of private households in Germany from 1991 to 2020

• 1991 – 12,9 %
• 1992 – 12,9 %
• 1993 – 12,4 %
• 1994 – 11,7 %
• 1995 – 11,4 %
• 1996 – 10,9 %
• 1997 – 10,6 %
• 1998 – 10,4 %
• 1999 – 9,8 %
• 2000 – 9,3 %
• 2001 – 10 %
• 2002 – 10,1 %
• 2003 – 10,6 %
• 2004 – 10,6 %
• 2005 – 10,6 %
• 2006 – 10,6 %
• 2007 – 10,7 %
• 2008 – 10,9 %
• 2009 – 10,4 %
• 2010 – 10,3 %
• 2011 – 10 %
• 2012 – 9,7 %
• 2013 – 9,3 %
• 2014 – 9,8 %
• 2015 – 10,1 %
• 2016 – 10,2 %
• 2017 – 10,6 %
• 2018 – 10,9 %
• 2019 – 10,9 %
• 2020 – 16,2 %

Survey assessing the financial situation of the population in Germany – Image: Xpert.Digital

Germans' satisfaction with their finances is declining slightly – according to the 2020 Wealth Barometer of the German Savings Banks Association, around 42 percent of German citizens rate their current financial situation as very good to good. Last year, this figure was 43 percent. Overall, however, the proportion of people satisfied with their financial situation has more than doubled in the past 15 years.

Survey on the assessment of the population's financial situation up to 2020:
How do you assess your own current financial situation?

Very good/good

• 2005 – 20 %
• 2006 – 22 %
• 2007 – 26 %
• 2008 – 25 %
• 2009 – 27 %
• 2010 – 31 %
• 2011 – 29 %
• 2012 – 35 %
• 2013 – 34 %
• 2014 – 36 %
• 2015 – 34 %
• 2016 – 31 %
• 2017 – 37 %
• 2018 – 41 %
• 2019 – 43 %
• 2020 – 42 %

Rather bad/Bad

• 2005 – 33 %
• 2006 – 33 %
• 2007 – 26 %
• 2008 – 27 %
• 2009 – 24 %
• 2010 – 21 %
• 2011 – 25 %
• 2012 – 20 %
• 2013 – 25 %
• 2014 – 20 %
• 2015 – 20 %
• 2016 – 17 %
• 2017 – 20 %
• 2018 – 18 %
• 2019 – 18 %
• 2020 – 18 %

Financial planning: Preferred investment products – Image: Xpert.Digital

This statistic shows the results of a survey on preferred investment options in Germany in 2020. According to the survey, which is representative of the resident population in Germany, approximately 27 percent of the investors surveyed preferred investments in real estate in 2020.

Preferred investment products 2020: Which of these investment options did you prefer in 2020?

• Fund units – 45%
• Savings account/plan – 42%
• Stocks – 35%
• Real estate – 27%
• Money market account – 24%
• Fixed deposit – 20%
• Gold – 13%
• Fixed-income securities – 13%
• Other precious metals – 4%
• Cryptocurrency (Bitcoin etc.) – 2%