Bundesbank study: Average household wealth 325000€! Hi…
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Bundesbank study: Average household wealth 325000€!
Hi. Yesterday I posted on this community and got a feeling that people think that \~300000€ assets for a household are a lot and the family is very rich. A bit of googling brought me to this study from Bundesbank which says:
Mittel verfügten die Haushalte in Deutschland im Jahr 2023 über ein Nettovermögen von rund 324 800 €
Translation: **On average, households in Germany had net assets of around €324,800 in 2023**
Understood that average does not matter, median number does because very rich people can skew the average. Now my question is that in a society, if there are a few very rich people who have lots of assets and have outpriced everyone, can someone even in top 10% considered rich? Because they also cannot afford most of the things due to the concentration at the top 1% or so. Yes, they are earning much more than the median. **But are they rich?** Or has the definition of rich changed in the past few years?
Link: https://publikationen.bundesbank.de/publikationen-de/berichte-studien/monatsberichte/monatsbericht-april-2025-954594?article=vermoegen-und-finanzen-privater-haushalte-in-deutschland-ergebnisse-der-vermoegensbefragung-2023--954598
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Hi. Yesterday I posted on this community and got a feeling that people think that \~300000€ assets for a household are a lot and the family is very rich. A bit of googling brought me to this study from Bundesbank which says:
Mittel verfügten die Haushalte in Deutschland im Jahr 2023 über ein Nettovermögen von rund 324 800 €
Translation: **On average, households in Germany had net assets of around €324,800 in 2023**
Understood that average does not matter, median number does because very rich people can skew the average. Now my question is that in a society, if there are a few very rich people who have lots of assets and have outpriced everyone, can someone even in top 10% considered rich? Because they also cannot afford most of the things due to the concentration at the top 1% or so. Yes, they are earning much more than the median. **But are they rich?** Or has the definition of rich changed in the past few years?
Link: https://publikationen.bundesbank.de/publikationen-de/berichte-studien/monatsberichte/monatsbericht-april-2025-954594?article=vermoegen-und-finanzen-privater-haushalte-in-deutschland-ergebnisse-der-vermoegensbefragung-2023--954598
#local
source
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