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Wealth Inequality in Germany: East-West Divide Persists

Analysis of wealth inequality in Germany, highlighting the significant gap between East and West, the role of inheritance, and the risk of poverty in old age.

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German

Germany

HealthGermany Labour MarketEconomicsPovertyInequalityWealth

Statistisches BundesamtWissenschaftszentrum Berlin Für Sozialforschung

Philip Wotschack

What is the main finding regarding wealth distribution in Germany?: Germany's wealth is highly unequal, particularly between East and West. The top 10% of households own 56% of the total wealth, making Germany a leader in European inequality.
What is the situation regarding poverty risk among older people in East Germany?: The risk of poverty in old age has slightly increased across Germany, affecting nearly a quarter of people aged 60-79 in East Germany. This disparity is exacerbated by lower wages and limited property value appreciation in the East.
How much did the average German household net worth increase between 2010/11 and 2021?: Between 2010/11 and 2021, German household net worth increased by 62%, or 39% after adjusting for inflation, largely driven by rising property prices. However, East German households still possess significantly less wealth than their Western counterparts.
What is a key factor contributing to the persistence of wealth inequality across generations?: Inheritance and gifts significantly contribute to wealth inequality across generations, benefiting primarily those aged 25-54 and wealthier groups, with East Germany lagging considerably behind.
What are the primary reasons for the significant wealth disparities between East and West Germany?: The substantial wealth gap between East and West Germany stems from persistent lower wages in the East, limited property value appreciation due to population decline, and restricted private wealth accumulation during the GDR era.

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