At the end of the second quarter of 2017, households' financial assets amounted to €5,723 billion; this figure was just over €45 billion (or 0.8%) higher than in the first quarter of 2017. As valuation losses reduced financial wealth by roughly €8 billion, the rise was solely attributable to the transaction-based acquisition of financial assets

Households’ financial assets rose by €126 billion to around €6.5 trillion in the fourth quarter of 2019. Valuation gains were the main reason for this increase. Households also increased their holdings of currency, deposits, investment fund shares and claims on insurance corporations.

The German economy is currently following a growth path that is primarily underpinned by domestic demand. Commenting on the Bundesbank's latest semi-annual projection, the Bank's President Jens Weidmann said: "The main drivers are the favourable labour market situation and substantial increases in households' real disposable income, though foreign trade is currently being hampered by frail demand from the emerging market economies." This is making itself felt on industrial investment, the Bundesbank's economists write.

Professor Dr. Axel A. Weber, President of the Deutsche Bundesbank, Speech at the Norges Bank Conference on Monetary Policy