Rising prices: Little savings for crises: Many people don't have enough money
Rising prices are forcing many people in Germany to dip into their savings for everyday life. But many have no financial buffers. Some households are particularly hard hit.
A recent YouGov survey for Postbank found that 42.6% of 2,117 respondents in Germany are using their savings to cover living costs due to rising prices. The survey, conducted from October 2-5, also revealed that 13.8% of respondents have no savings at all. Households with low incomes are particularly struggling, with only 21.4% of those earning up to €2,500 per month able to cover their costs. The number of people saying they can barely afford living costs has risen to 15.2%, up from 12.8% in a March survey.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
