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In 2020, the number of shareholders in Germany climbed to the highest level in almost 20 years.
According to the Deutsche Aktieninstitut (DAI), 12.35 million people owned shares in companies and / or equity funds, which is almost 2.7 million more than a year earlier.
The last time the number of shareholders in Germany was higher was in 2001 with almost 12.9 million.
However, the 2020 statistics also include foreign shareholders residing in Germany for the first time.
That alone increased the number by 500,000.
"Last year's boom among shareholders is a good sign for the share culture in Germany," said Institute Director Christine Bortenlänger on Thursday in Frankfurt.
Younger people in particular used the Corona crisis to deal with their finances.
According to the institute's findings, many who dared to step onto the trading floor want to stay with them in the long term.
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According to the latest figures, around every sixth person in Germany aged 14 and over has stocks, equity funds or exchange-traded index funds (ETFs) in their custody account.
Compared to other industrialized countries, however, the share of shareholders in Europe's largest economy is still rather low at 17.5 percent of the population.
In the USA, for example, the state is promoting old-age provision more through the capital market.
Bortenlänger again appealed to domestic politicians: "Employee shares should be promoted even more, share income should be tax-free after a holding period of five or ten years, and shares must become an integral part of retirement provision."
© dpa-infocom, dpa: 210225-99-587081 / 5