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For the first time, more than 6 trillion euros, of which : financial assets of German at a record high

The continuing upturn in the German are getting richer. For the first time, the financial assets of private households exceeded the threshold of six trillion euros, as the Bundesbank announced on Wednesday in Frankfurt. In the third quarter of 2018, it increased compared to the second quarter of the year by 1.3 percent to 6.05 trillion euros.

Furthermore, risk were preferred. Currency and deposits recorded inflows of 33 billion euros. Popular insurance companies were as well - here are the claims increased by EUR 17 billion. Compared with the years after the financial crisis, the commitment of the stock exchanges remained high.

Many households took advantage of the mini interest, in order to procure the banks ' loans. As in the previous quarters, in particular, of housing demand for loans of the domestic institutions. According to the data of the Bundesbank, the liabilities of private households increased by a total of around 21 billion euros, and at the end of the third quarter of 1.78 trillion Euro

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finances of the German On paper, Germany is rich - not all of them do not feel the

Heike Jahberg

How the assets of the German distributed carefully, it is apparent from the data. The Bundesbank is taken into account in their calculations, in addition to cash, Bank deposits and securities claims against insurance companies. (Reuters)

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