Vermögen: Haushalte so reich wie nie – Rekordsumme ungleich verteilt

Globally, households are wealthier than ever, with the combined net financial assets reaching an all-time high according to calculations by Allianz. The value of wealth increased by 8.6% last year to reach a total of 268.4 trillion euros. For this year, economists at the insurer predict a further 9% increase in their annual report, the "Global Wealth Report".

Those who invested in stocks and other securities reaped the biggest gains: four fifths of the wealth growth in the 57 countries studied came from price increases in capital markets. The United States accounted for nearly half (51.4%) of global growth in financial wealth. American households hold almost two-thirds (60.7%) of their wealth in the stock market.

In contrast, Germany saw for the first time in the Allianz data that stocks overtook bank deposits as the largest asset category, making up 37.1% of assets. This is still far below the international average of 46.9%. Germans save like world champions but increase their wealth only slightly. Overall, Germans deposited 319.3 billion euros in 2025, with a 4.9% increase to 9.9 trillion euros.

This growth was significantly less than the global average and slower than the previous year's 7.4% growth. It must also be considered how inflation affects the value, explained Allianz Chief Economist Ludovic Subran: "Since 2019, nominal wealth has risen by 50%. However, when adjusted for inflation, it has only increased by 23%."

In Western Europe, the real wealth growth remains weaker, with real wealth amounting to just 0.5% above the 2019 level. In North America, it is 21%, and in China, 70%. In Germany, it ranks 12th, with a 10.1% increase in net financial wealth compared to the previous year. At 296.950 euros per capita, the United States still leads the rankings, followed by Switzerland (275.980 euros) and Denmark (197.510 euros).

Germany sits at 12th place with a net financial wealth of 91.780 euros per capita. Adjusted for debt, the net financial wealth stood at 211.5 trillion euros in 2025 across the countries considered. This is 10.1% more than a year earlier and accounts for a share of 10.1% of global economic output and 72% of the world population. At the bottom is unchanged Pakistan, with a net financial wealth of just 490 euros per capita.

Overall, the immense amount of private financial wealth is very unevenly distributed: In Germany, the richest 10% of the population own more than half (53.7%) of the total net financial wealth. Globally, the top 10% own 85.4% of it. Almost three billion people in the analyzed world population have practically no net financial wealth.

The evaluation considers cash, bank deposits, securities such as stocks and bonds, as well as claims against insurance companies and pension funds, but excludes real estate.