Rise in households’ financial assets
The financial assets of households in Germany increased by €108 billion in the third quarter of 2020 and now amount to roughly €6.7 trillion. This rise was due to a high propensity to save and the positive developments on the capital markets towards the end of the period.
Currency and deposits represent just over 40% of these assets, while another 36% consist of claims on insurance corporations and pension funds. The rest are being held primarily in the form of equities, investment fund shares and debt securities.