Income comparison: When you are rich or poor in Germany
At what point does someone belong to the middle class and where does wealth begin? With a calculator from IW Cologne, consumers can determine where they stand.
A study by the Institute of the German Economy (IW) provides insight into the wealth of individuals in Germany compared to others. The study uses an income calculator to determine one's position, showing that a single person with a monthly household net income of less than €1,450 is considered relatively poor, while those earning more than €6,050 are considered relatively rich.
The study analyzed data from the European Union in 2024, with a median net income of €2,419 per month for a single person, and found that many people tend to underestimate their income compared to the overall population. The study also notes that real wages in Germany have continued to rise, with a 1.5% increase in the second quarter of this year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
