Assets barometer: German-assess financial situation as well as never

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    The price for light fuel oil increased in the past twelve months, 35.6 percent for fuel at the gas station people have to pay 13 percent more than in the autumn of 2017. Rose, for example, the expenditure for vegetables (plus 12,3 percent) and beer (plus 5.4 percent).

    in all product groups, the price was rise in the past few months, and although only two percent. However, the outliers, such as Oil and co. could be the reason for the in Germany widespread feeling that everything is more expensive.

    significant differences: Older people feel that the price increase more than younger, women more than men. The current wealth barometer of the Deutsche Sparkassen – und giroverband (DSGV).

    28% of 50 – to 59-Year-old the feeling that prices have risen sharply. In the case of the 14 – to 29-Year olds, only 17 percent. And while 20 percent of men talk to increase across all age groups by a strong price perception, 27 percent of women.

    “The difference between ‘perceived’ and actual Inflation shows how sensitive the population is responding to the issue of price increase”, – stated in the investigation, from may to July 2018, a total of 2738 people in Germany were interviewed.

    Since the Euro changeover in 2002, the topic of perceived Inflation is widespread. At that time the word was coined by the Thousand. Especially price increases for everyday purchases, such as a Cup of coffee, resulted in many people the feeling that, in the changeover from D-Mark to the Euro, the Figures remained the same, only the currency is changed.

    price changes in products of everyday needs, the majority of consumers significantly more than the price changes in durable goods such as cars or technical appliances. Public discussions about the rising Rents in urban centres, and may enhance the feeling.

    The bare Figures of the Federal Statistical office often draw a different picture. Thus, the net cold rent in September rose nationwide an average of only 1.5 percent compared to the previous year. In the case of other goods and services the prices fell even phones a minus of 5.3 percent, and consumer electronics minus 4.6 percent, airline tickets minus 3.9 percent. By eliminating the costs of childcare in some of the länder, the German expenditure for education as much as 11.4 percent less than in September of the previous year.

    people get used to low interest rates

    it is striking that only a few pull from the Feel of the strong rise in prices consequences. Prices would rise, would have to be people actually willing to, at the time of retirement to higher yields and thus a higher risk – so that at least the purchasing power of their savings.

    even at an inflation rate of two percent, the savings would have to bring two-percent annual return so that the value remains the same. The money is only on this day – or fixed Deposit accounts, are to such returns due to the ongoing interest rate policy of the European Central Bank (ECB) is no longer low is already possible for a long time.

    According to the asset barometer, only 16 percent of the respondents are willing, at the time of investment, more risk, in order to increase the chances of a return. In the survey a year earlier the proportion was 15 percent at a similar level.

    The survey also shows that people are becoming more and more of the continuing low interest get used to. In the past few years, more than 50 percent of the respondents had called the low interest rates, when they were asked about their biggest Concerns in the Savings. This year it was only 32 percent.

    In second place among the reasons that people are Worried about their savings, is to put the uncertain political situation. Ten per cent of the respondents referred to this point. In 2016, this aspect was mentioned by only three percent, in 2017, of four percent. The greater the assets, the more this point is the weight: Among the respondents with assets of EUR 125,000 21 percent referred to the political situation as their main concern.

    63 percent assess their own situation as good or very good

    Over all respondents across the survey shows, however, a significant brightening of the mood among the savers. The proportion of those who do not have to Worry, rose from 25 percent to 39 percent. Accordingly, the share of sceptics has decreased from 75 percent to 61 percent.

    Also depends of course on the amount of money that is available. The more income, the more Worried people: In the income group of up to 1,500 euros, only 55 percent expressed concern. In the group with an income of 2500 euros and more, the proportion is 68 percent.

    This fits in to the overall positive image that the Germans have of your financial Situation. The good economic situation with a low unemployment rate means that 63 percent of the respondents rate their financial situation as “good” or “very good”. It is the highest value since the beginning of the surveys in the year 2001.

    the positive Trend could change in the near future, it’s hard to believe anyone – on the contrary. 25 percent for the next two years, a further improvement in the financial Situation, only eleven percent a deterioration.

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