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German version – To see the PDF, please click on the image below.
German Version – To view the PDF, please click on the image below.

Saving 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. The status at the end of the year is shown. At the end of 2019, around 11.6 percent of the financial assets of German private households were invested in investment funds.

Structure of financial assets of private households in Germany in 2019

• Bank balance* – 40.3%
• Insurance** – 35%
• Mutual funds – 11.6%
• Stocks – 7.2%
• Bonds – 2.3%
• Other equity rights – 3.6%

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

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

Record value due to the corona-related lockdown - in 2020, the savings rate of private households* in Germany was around 16.2 percent. The associated 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 is ultimately available to households after deducting direct taxes and social contributions. It can be used for consumption and savings purposes. At the end of 2020, the disposable income of private households in this country was around 1,983 billion euros. The majority of disposable income is used for consumption purposes. The unconsumed portion plus the increase in company pension entitlements represents the savings of private households. The saved portion of disposable income is referred to as the savings rate.

Savings products used

Private households have a variety of investment options available to invest their savings. However, many German citizens still use a savings book or account to invest money, despite the low interest rate. German savers prefer conservative forms of investment, even if their return is currently close to zero. Investment forms that are more prone to fluctuations, such as stocks, tend to be avoided. This can also be seen in the number of shareholders in Germany, which is still a long way from the record value achieved during the New Economy era in 2000. However: The Corona year 2020 led to more people getting involved in the stock market again.

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 to assess 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 from the German Savings Banks and Giro Association, around 42 percent of Germans rate their current financial situation as very good to good. Last year it was 43 percent. Overall, however, the proportion of people who are satisfied with their financial situation has more than doubled in the past 15 years.

Survey to assess the financial situation of the population until 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 the preferred investment options in Germany in 2020. According to the survey, which is representative of the residential population in Germany, around 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 shares – 45%
• Savings account/plan – 42%
• Stocks – 35%
• Real estate – 27%
• Daily allowance – 24%
• Fixed-term deposit – 20%
• Gold – 13%
• Fixed Income Securities – 13%
• Other precious metals – 4%
• Cryptocurrency (Bitcoin etc.) – 2%