3,600 euros net are no longer enough

The Germans fear for their economic existence: record inflation and skyrocketing energy prices are causing problems for the citizens. A dramatic warning from the savings bank shows how serious the situation really is. The savings melt away, there is a risk of impoverishment.

At the petrol pump, in the supermarket or when visiting a restaurant: The Prices in Germany are skyrocketing. Recently, inflation even broke through the double digits and was at 10 percent. Similar to mold that slowly spreads, the effects of the inflationary 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 numerical example.

Sparkasse warns of the impact of 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 money left at the end of the month and need to access their savings to plug financial gaps (source: FAZ). that are 60 percent of private householdssaid Helmut Schlewies, President of the German Savings Banks and Giro Association.

In plain language: more than that Half of private households in Germany are running out of money! They have to tap into their savings to cover their monthly expenses. A horror number that is likely to be unique in the history of the Federal Republic.

The demands that the head of the savings bank is addressing to politicians are correspondingly clear. the must primarily target these income groups in its relief packages. Because in the households that have made ends meet so far, there is a high need for investment – keyword energy efficiency and Co. In addition, the higher pressure to save could also spread to other areas of the economy, such as gastronomy or services.

With a balcony power station, electricity costs can be reduced:

Save on gas heating and water consumption

One way to save is by heating. From October 1st, for example, the check 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 when it comes to water consumption. Ikea recently presented a new atomizer nozzle that is said to reduce consumption by up to 95 percent. It is not yet known when the announced gas price cap will come.