Opinion poll
Spar record goes by many households
In total, private households in Germany are more rich than ever. But many people can’t afford it, put money. There are two reasons for this.
All in all, people in Germany are more rich – but almost every fourth private household in Germany does not have savings. 23.5 percent of the 1,000 respondents stated in a survey for the direct bank Ing that their household had no money on the high edge, which could quickly be used if necessary.
The main reasons for those affected cite low income and price increases in the costs of daily life. After all, the proportion of those who belong to the group of non -parers in the data collected since 2013 has been falling for years. Five years ago it was over 30 percent.
Nevertheless, there is a savings record – especially for one reason
At the same time, the proportion of people in Germany who claims to have savings climbed over the 70.7 percent for the first time in the latest survey from December.
However, this record value seems to be “primarily a precaution in times of uncertain economic prospects and less about an expression of a broad -based financial situation”, the economists of the ING Germany conclude.
According to their own statements, almost three quarters of the respondents (71.9 percent), primarily, cover money because they want to prepare themselves for possible difficulties. Vacation/trips (46.4 percent) or upcoming larger expenses (43.5 percent) are also often mentioned in the survey as reasons to put money back.
Many have reserves for months
With more than half of the respondents with savings, they would be sufficient for at least half a year if the income should be omitted. Four out of ten respondents (40.7 percent) assume that they could draw on their reserves for a year or more.
According to figures from the Bundesbank, the money assets of private households in Germany at the end of the third quarter of 2024 added up to the record value of 9,004 billion euros. In the current year, economists expect a further increase to just below the ten trillion euros.
In its evaluation, the Bundesbank takes cash and bank deposits, securities such as stocks and funds as well as claims against insurance, but not real estate. How the gigantic sum is distributed does not show from this data.
dpa
Source: Stern
