The majority of Germans are increasingly reaching their financial limits due to high inflation. "We expect that because of the significant price increase, up to 60 percent of German households will have to use their entire disposable income - or more - monthly for pure living expenses," said Sparkasse President Helmut Schleweis WELT AM SONNTAG.
"This part of the population is then simply no longer able to save." With 40 million households nationwide, this would affect 24 million households. According to the Sparkasse wealth barometer, a year ago only 15 percent were unable to put money aside. The Sparkassen Group itself has 50 million customers.
The association announced that those who use the overdraft facility to bridge short-term bottlenecks are now “making much more use of the framework”. This development clearly began in March 2022, shortly after Russia's invasion of Ukraine and the associated price jumps.
or they will won't be able to pay their bills anymore just like in the UK, so it's looks like western europe is going bankrupt.
Noah Flores
How the hell is this possible? You earn significantly more than us. Costs of living in Germany aren't much higher than in Poland. Groceries etc are sometimes even lower. How did that happen?
Brody Collins
>put something on the high edge
Jonathan Campbell
Retard opinion. their disposable income almost dissapeared so now they can't save but they can still afford the 500 luxuries they get to enjoy everyday
Tyler Bailey
Sounds like Germany is becoming American. You love to see it happen *waves tiny Pride Flag* *plays Bix Nood's #1 current trending hit to celebrate muh kulsha*
Easton Anderson
you guys realize that it will only get worse right?
based? saving is a kike trick when you got nothing, you got nothing left to lose
Isaac Murphy
>This development clearly began in March 2022, shortly after Russia's invasion of Ukraine and the associated price jumps Are normies seriously unfazed by how much of laughable misrepresentation this is and just uncritically absorb it
Jordan Brooks
It sucks that Russians cant brag about this, because EU did this by themselves.
Luis Bennett
Unfortunately. But it's not a nothingburger, because when everything gets more expensive, at some point they simply can't pay anymore.
Dylan Martin
optimized economy, all the money is flowing to kikes.
Blake Hughes
But nothing stops the Germans from going to Austria and coming back with their pockets full of Philharmonikers.
Grayson Anderson
>Why? Absurdly high taxes. For example recently the government decided to implement a gas levy in order to bail out the energy providers. Citizens weren't very happy with that so the government said they would try and drop the 19% VAT off the levy. Guess what happened? Brussels declined. Now Germans have to pay to bail out the energy globocorps, and a fifth of that payment goes to the government to fund the rest of the EU, like Poland for example.
Nathan Jones
It started during COVID due to the ECB's fervent money printing and the absurd lockdowns.
We are getting advice now from government officials how to wash our asses.
apparently there is no need to shower all the time. just use a washcloth to clean your ass. they themselves live in energy friendly family houses nobody else can afford.
Dylan Miller
You realize it's intended to only get worse right? This is the goal of agenda 2030. People will be begging for digital currency, UBI, social credit and a comfy pod with some cricket snacks.
Jace Campbell
>You realize it's intended to only get worse right? yes
