Beyond the obvious: Vermögen schlägt Einkommen – „brutale Verteilungswirkung“
In Deutschland dauerte es früher 20 Jahre, sich ein Vermögen zu ersparen. Heute sind es 40. Über die Folgen spricht Daniel Stelter dem Wirtschaftsmathematiker Philipp Immenkötter.
John Burn-Murdoch, a Chief Data Reporter at the Financial Times, has highlighted a significant shift in our economic landscape: "We have moved from the world of income to the world of wealth." (Translation by the editorial team from English) In the United Kingdom, the United States, Germany, and France, the median wealth of households has more than doubled since the mid-1990s.
Meanwhile, median incomes have only risen by around 30 percent over the same period. To move from the bottom to the top quartile of wealth just a generation ago, it took 20 years. Today, it takes 40 years. This is the scope of the new report from the Flossbach von Storch Research Institute on the wealth price index. It shows that wealth prices in Germany have increased by 75 percent since 2005, while real wages have only risen by 15 percent.
The distributional impact is brutal: the lower middle class experienced a 17 percent rise in wealth over 20 years, while the wealthiest households saw their wealth increase by an astonishing 86 percent. Economic mathematician and Senior Research Analyst at the Flossbach von Storch Research Institute in Cologne, Dr. Philipp Immenkötter, discusses this analysis and its implications with Daniel Stelter.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
