The slump in the stock markets has impacted the savings efforts of the citizens in the year 2018, according to a study. The financial assets of private households increased, according to preliminary calculations by 1.9 percent to 6.2 trillion euros. The evaluation of the DZ Bank, which is present the German press Agency. In comparison to the previous year, the asset growth slowed down significantly. At that time, the growth rate was still 5.4 percent.
the surge is reported to be almost exclusively from the savings industriousness of the citizens. The negative price development on the stock markets have brought many retail investors, however, painful losses. (A balance sheet of the stock exchange year you can read here.) 2017 sharp rise in the share contributed courses noticeably to a proliferation of private financial assets. 2018 it came to the calculations to be opposed to valuation losses of around EUR 110 billion.
At the same time, days of money-saving throw book and co. because the interest rate sluggishness in the Euro area, hardly anything. Because Inflation tends to rise, losing savers, the bottom line is money.
Ten of hundred euros on the high edge
Nevertheless, the German citizens had in their savings efforts, according to the figures available do not be discouraged. In the full year, the saving ratio is expected to have risen by 0.3 percentage points to 10.2 percent. That is to say: Of 100 Euro disposable income will be placed 10,20 euros on the high edge. “This is the fifth year in a row, in which the citizens can save a growing portion of their disposable income,” the study of the cooperative Central institution.
as before, the majority of Germans are afraid of investing in securities to somewhat higher risks. Only six percent of the private money assets stuck reported directly in equity. Because of the interest rate downturn, households are not willing to bind themselves with fixed-interest forms of investment in the long term.
A quarter of the money assets between parked
“The result is a gigantic investment of traffic jams,” explained the Economists of the Frankfurt Institute. Meanwhile, more than a quarter of total private financial assets is mainly in the Form of hardly any interest-bearing sight deposits is parked, about the savers at any time. The largest part of the monetary assets cash and demand deposits make up accordingly, followed by claims against insurance policies for the pension.
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should invest in the shares Should make markets, the past losses least in part on the betting, should the monetary assets of private households in 2019 and again faster then the 6.5 trillion euros, to grow, to advance, said the Economists.
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