2024-11-18 09:00:09
Economy
Finance
Business

Financial Self-Determination in Germany: A Growing Concern

A recent survey reveals that only 50% of Germans feel financially self-determined, with rising prices, high rents, and inadequate income contributing to this discontent. The issue of old-age poverty looms large, highlighting a critical area of concern for many.

Gender disparities are evident, as 53% of men report financial self-determination compared to just 48% of women. Additionally, 15.3% of respondents cite a lack of parental inheritance as a barrier to their financial autonomy.

The 'Self-Determination Barometer' indicates a slight increase in the number of individuals leading self-determined lives over the past two years. However, the economic landscape for self-employed individuals is particularly grim, with nearly 20% expressing fears for their financial survival due to a shortage of orders.

This represents a notable rise from the previous year, underscoring the challenging environment faced by freelancers and small businesses amidst broader economic uncertainties.

gmx
18. November 2024 um 04:03

Only Every Second Person Feels Financially Self-Determined

Economy
Finance
Only half of Germans feel financially self-determined. Price increases, high rents, and too low incomes impair financial satisfaction. Old-age poverty is a serious issue. 53% of men, but only 48% of women feel financially self-determined. 15.3% state that the lack of a parental inheritance impairs their financial self-determination. In other areas of life, the respondents feel self-determined. According to the "Self-Determination Barometer", the proportion of Germans living a self-determined l..
Tagesspiegel
18. November 2024 um 04:02

"Self-Determination Barometer": Only Every Second Person Feels Financially Self-Determined

Finance
Economy
Price increases, rents and low incomes impair financial self-determination; Half of the respondents feel financially self-determined; Old-age poverty and gender difference are additional factors.
zeit
18. November 2024 um 07:29

ifo Institute: Every fifth self-employed person sees their existence threatened

Economy
Finance
Every fifth self-employed person in Germany sees their economic existence threatened; 18% fear they will have to give up their business. The main reason is a lack of orders, as large companies are cautious due to economic uncertainty.
CW

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