Personal savings in Germany - statistics & facts
Personal savings have always been a relevant issue in Germany, but have become even more so after the start of the Russia-Ukraine war in February 2022. With energy prices subsequently rising and the increased cost of living hitting consumers full force, households all over the country were facing financial difficulties and adjustments. In addition to the time-tested traditional strategy of laying money aside, watching spending habits and evaluating purchase decisions, Germans also engage in various types of financial investment to create assets for securing their future, especially during retirement.
