East German

Thus, households in East Germany contribute only about 700 million euros to the revenue from the solidarity surcharge of 11 billion. This corresponds to a share of around 6.5 percent, but the proportion of households is nearly three times as high at 18.6 percent. This resembles an austerity program East of the mitigation area and makes more money on consumption and saving the East German households. But also the increased savings inspire the zeal of the spar. “In their investment behaviour the East and West Germans align themselves increasingly”, white bbw-Regio-finance expert Dr. Jorg Sieweck.

But the East German households still prefer investments with credit institutions as securities. The West German households that’s different”, summarizes Dr. Sieweck the analysis of the financial assets in East and West. The hoherverzinsliche and short-term investment without greater risk in futures funds and short-term investment portfolio is in the foreground for the investors in the new Lander. In East Germany are fixed-term deposits by half more represented than in the West. In 1990, households in East Germany had about investments by a total equivalent to about 69 billion euros.

Of them were 92 percent on savings accounts. The East Germans share muffle have remained until today. According to calculations of the Deutsches aktieninstitut 2 percent of the population in Eastern Germany are today not even shareholders, In the West, there are more than 7 percent. Still the East Germans spend more money millions of euros a year for bananas this year estimated nearly 300 – as for the equity investment. While the DAX has quadrupled almost since 3 October 1990 to this day despite of all stock exchange crises. Due to their risk aversion the East Germans are spared obviously more prior disappointments in investment as the West Germans. The bbw customer focus shows banks with a string: “Bank customers in East Germany are more satisfied than in West Germany, have so far less frequently changed their bank account”.