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. Last Updated: 07/27/2016

German Assets Rise

BONN, Germany -- The financial assets of Germans rose further in 1997 and by the end of the year every man, woman and child will have an average of 65,000 Deutsche marks ($36,600), the Federation of German Cooperative Banks said Tuesday.

The total monetary assets of the 82 million Germans will climb by 240 billion marks in 1997 to 5.2 trillion marks, the federation said. Every German saves on average 250 marks each month. "Saving money is a matter of course for the vast majority of Germans," the federation said.

About 80 percent of the public puts aside savings each month and 20 percent manages to save more than 500 marks from each paycheck.