Average household assets by type of assets

Definition: The general concept of assets is implemented in the analyses as follows: In general, only physical assets are considered. A distinction is made between total gross and net assets. The gross total assets of a household are the sum of gross financial assets and gross real estate assets. Gross money assets include savings, construction savings, other investments in banks/savings banks, securities, insurance balances and money lent to private individuals. It also takes into account positive current account holdings that exceed the amount of the monthly net household income of the respective household. In order to maintain net financial assets, consumer and training credits are deducted from gross financial assets. In addition, negative current account holdings that exceed the amount of the monthly net household income of the respective household are deducted here. Gross real estate assets are the sum of the market values of all properties. In order to maintain net real estate assets, the mortgage debt (the sum of all residual debt from loans to finance real estate) is deducted from gross real estate assets. The total net assets of a household are the sum of the net financial assets and the net real estate assets. The wealth is recorded in the income and consumption sample (EVS) at the household level and is reported as an arithmetic average of all households in North Rhine-Westphalia. The values are rounded to a full one hundred euro amounts. Data source: IT.NRW, Income and Consumption Sample (EVS)