Financial Self-Determination in Germany: A Half-Hearted Reality

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.