The Germans fear for their economic existence: record inflation and sky-high energy prices are causing problems for the citizens. A dramatic warning from the savings bank shows how serious the situation really is. Savings are melting away, impoverishment threatens.
At the gas station, in the supermarket or at a restaurant: The Prices in Germany are skyrocketing. Recently, inflation even broke through double digits and stood at 10 percent. As with mold that spreads slowly, the effects of the inflation wave only become apparent over time. The savings bank describes how bad it will be for the Germans if the record inflation continues with a depressing number example.
Sparkasse warns of impact inflation and energy prices
Households with a net income of less than 3,600 euros According to calculations by the Sparkasse, they currently have: No more money at the end of the month and must have access to their savings to close financial gaps (source: FAZ). those are 60 percent of private householdssaid Helmut Schlewies, president of the German Association of Savings Banks and Giro.
In plain language: more than that Half of private households in Germany are running out of money! They need to use their savings to cover their monthly expenses. A horror song that will probably be unique in the history of the Federal Republic.
The demands placed on politicians by the head of the savings bank are correspondingly clear. the should focus primarily on these income groups in its aid packages. Because in the households that have managed to get by so far, there is a great need for investment – keyword energy efficiency and Co. In addition, the increased pressure to save can also spread to other sectors of the economy, such as gastronomy or services.
With a balcony power plant, electricity costs can be reduced:
Save on gas heating and water consumption
One way to save is by heating. From 1 October, for example, the inspection of the gas heating is mandatory, which should cost 100 to 150 euros. But there is a cost trap lurking here. But there is also great potential for savings in the area of water consumption. Ikea recently presented a new atomizer that would reduce consumption by up to 95 percent. It is not yet known when the announced gas price ceiling will come.