Germany news: Number of millionaires is growing, study shows

Article excerpt

Germany's millionaire population has swelled to around 1.78 million people, those with at least $1 million in liquid assets, according to a new study. The growth reflects broader patterns of wealth concentration in Europe's largest economy, where high-net-worth individuals control an expanding share of disposable capital. The figures underscore widening economic inequality even as the country grapples with inflation and slower growth. The study provides fresh data on how wealth distribution is shifting among German households, a politically sensitive issue as the government debates tax policy and social spending.