Germany's Wealth Gap Widens as Super-Rich Control $3 Trillion
Wealth inequality in Germany is becoming increasingly pronounced, as a recent report reveals a significant concentration of financial assets among the super-rich. Approximately 3,900 individuals now hold over a quarter of the nation’s total financial wealth, amounting to nearly three trillion dollars.
This elite group has seen their assets surge by 16% in the past year, contrasting sharply with the declining financial status of the less affluent. Critics highlight the role of inheritances in perpetuating this disparity, with calls for greater attention to the growing divide.
Germany ranks third globally for the number of super-rich individuals, trailing only the United States and China. The global financial landscape is also witnessing expansion, with projected growth driven by regions like Asia-Pacific.
As the rich get richer, concerns about the implications of such wealth concentration continue to mount, prompting discussions on economic equity and sustainability.
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Wealthy in Germany become even wealthier - DER SPIEGEL
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