Handelsblatt exclusive

Finance Ministry: Income Inequality Widened in 2016

Deu Euro Kaufkraft
Picture source: AP

Income inequality in Germany widened in 2016, according to unpublished finance ministry data obtained by Handelsblatt.

The top 10-percent of income earners saw their share of wages increase to 31.7 percent in 2016, up from 31.4 percent in 2015. The top 5-percent of income earners also saw their slice of the pie increase to 21.3 percent from 21.1 percent. The top 1-percent saw their share increase from 9.3 to 9.4 percent.

In 2014 and 2015, the top 10-percent of earners actually saw their share of wages decline, according to the Frauenhofer Institute of Applied Information Technology, which has compiled the figures for the finance ministry since 2012.

A recent study by the German Institute for Economic Research also found signs that income inequality has been increasing since 2014.