Business · Economy · 13 hrs ago

Germany’s top 1% income threshold is €111,693 a year

Germany’s top 1% income threshold is €111,693 a year

A study of the 27 EU countries estimates how much annual income puts someone among the richest 1% in each country.

In Germany, the threshold is €111,693 a year, based on equivalent income, which adjusts for household size.

The figure is more than twice Germany’s median annual income of €53,098.

Across the EU, the threshold ranges from €22,715 in Romania to €205,420 in Luxembourg.

The study also compares pay gaps, finding that German Chancellor Friedrich Merz earns 6.3 times the country’s median income.

It says some company chief executives earn far more, reaching up to 690 times their country’s median in EU markets where CEO pay is disclosed.

1 source

Related