Bundesbank report says Germans richer than ever

Inequality gap the highest in Eurozone, however

Greeks might be on the verge of total impoverishment, but the German households are wealthier than ever, according to report released Monday by the German central bank, the Bundesbank. The total income of Germans in the first quarter of 2015 amounted to a record 5,212 trillion euros, an increase of 140 billion in comparison to 2014.

According to the report the major factor contributing to these figures is the strong labour market, while liquid assets and insurance policies amount to 53 bln euros, and mutual funds are worth 87 bln euros. Despite these figures, the report also shows that the distribution of this wealth is the least equal in the Eurozone, as the gap between the haves and have-nots is the highest in Germany among the member-states in the common currency region.