Debt with relatives
Everyday life on pump – many borrow money for food purchases
Bread, milk, debt: More than half of the under 50s reach for everyday spending on the loan-often with the family. Who is particularly affected and how high the sums are.
Many people in Germany even finance daily expenses such as food purchases on pump. This was the result of a representative survey by the opinion research institute Civey on behalf of Barclays. Accordingly, more than half of the under 50s in Germany borrowed money in the past 24 months – mostly from family members (44 percent), but also as a loan from the bank (40 percent).
Apart from expenses for the car (27 percent), the adults surveyed used the borrowed money, according to their own statements, primarily to cover everyday costs such as the purchase of food (26.6 percent) or for general consumption purposes such as purchasing clothing (21.4 percent). With a little distance, “to treat me something” (17.6 percent) is listed as a purpose.
Food prices have been above the level of the previous year for months. In the end, life in Germany has been more expensive again overall, the inflation rate attracted 2.2 percent in August. According to economists, people in this country will also have to adjust to inflation rates over the two percent brand for the coming months.
Almost two thirds of the younger people partially live on pump
The group is the largest for those who have borrowed money in the past 24 months, for 18 to 29 year olds with 60.4 percent. In this age group, most stated not only to borrow money for pleasure: a good third (36.2 percent) of young people names daily needs as the reason. For a majority of 31.6 percent, this is also the main purpose of borrowed money for a majority of 31.6 percent. A total of 10,007 adults in Germany were interviewed in July and August.
The borrowed amounts were almost half (47.7 percent) of the respondents below 1,000 euros. For those under 30, small amounts of up to 200 euros (28.8 percent) were above average. A quarter of all respondents (25.9 percent) stated that they had borrowed 1,001 to 5,000 euros. Almost every third of the survey participants (31.9 percent) considers it likely that he will have to borrow money over the next 24 months.
dpa
Source: Stern
