The Coronavirus, and the ensuing economic crisis have for many Germans a negative financial impact. Short-time work, unemployment or the loss of important revenues charged to many a household budget, and creates a lot of Worries. However, in genuine payment difficulties, only comparatively few people are well-advised. This results in a representative survey by the opinion research Institute Ipsos for the financial Situation of the Germans and their consumption behaviour, conducted on behalf of ING Bank in may. “The financial impact of the Corona-crisis does not seem to be for much of the German, fortunately, is still life threatening,” says Carsten Brzeski, chief economist, ING Germany. It remains to be seen whether the economic damage will be in the coming months even greater, and to what extent the economic stimulus packages of the Federal government, set fire to.
nest egg come
Kerstin Papon
editor in the economy.
F. A. Z. Twitter
Although the pandemic had a negative impact on their own finances, not was a majority of German according to his own statement, in payment difficulties, say the specialists of the ING. Almost every fifth Respondent had, however, to specify, to have his nest egg started. And about one in seven would have said, to new or additional loans taken up to have. With the payment of rent or Rates, for example, for the construction financing is in default, 14 percent of respondents in the Corona-crisis, according to the information provided. Many landlords have shown but also helpful and generous, and decreased or at least delayed rent payments accepted. They have also omitted entirely on it.
When it comes to the consumer, then many Federal civil practice currently, but rather in resignation, not only from a purely financial reasons or uncertainty about the future. Because not a few people hold the mask of duty or the fear of contagion to go back to a Stroll. And if you go out in the evening so often, then the purchase of a new dress or chic suit are worth less. These feel especially apparel industry and luxury brands.
According to the survey, many Federal citizens, but especially cautious when it comes to major purchases. 43 percent of respondents want to prefer to postpone. A third does not want to do without it. On average, approximately every Second assumes, for food, health, mobile-Internet TV, clothes as well as cosmetics and leisure activities, almost a similar amount of spending as before. Only for the supply of their household with energy and water, half of the respondents expect almost more cost. Of lower spending many, however, restaurant visits (48 percent) and holidays (56 per cent).
