Average monthly savings in Germany 2020, by age group

Published by Statista Research Department, Feb 8, 2023
According to a survey conducted in 2020 in Germany, the average monthly savings among the population amounted to 451 euros. The survey revelead slight differences between age groups. Individuals between 18 and 29 years of age could save on average 390 euros per month. By contrast, individuals aged 60 years and older could save 475 euros per month.

Average monthly savings in Germany in 2020, by age group (in euros)

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Release date

June 2020

Region

Germany

Survey time period

April 15 to May 19, 2020

Number of respondents

1,001 respondents

Age group

18 years and older

Method of interview

CATI, online interview

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