Many Germans severely limit their consumption due to high inflation. According to a survey, the greatest savings are made in the catering trade: restaurants and delivery services are left behind. People are also saving in other countries – but not to the same extent.
In view of the rapid inflation, consumers in Germany obviously prefer to save on restaurant visits and food delivery services. In an international survey by the Boston Consulting Group (BCG) published on Sunday, 62 percent of people surveyed in Germany said that they eat out less often. Delivery services obviously suffer even more: 68 percent order food and/or drinks home less often.
Almost two-thirds also said that they were taking out fewer consumer loans. BCG had a total of 9,200 consumers in Germany, France, Great Britain and the USA surveyed. According to this, people save on consumption everywhere, but not to the same extent in every area. According to the survey, Germans are most inclined to save on gastronomy. 30 percent of Americans say they eat out less often.
According to the survey, a majority of 87 percent on average are concerned about inflation in all four countries. On an international average, 55 percent said that they were financially worse off than six months earlier – in Germany it was 53 percent. The question was asked back in August. However, inflation rates are comparatively high in all four countries.
In other respects, consumers are reacting in a similar way: in each of the four countries, more than two-thirds said they pay more attention to special offers. The optimism is also comparable in one respect: On an international average, 92 percent said that they think their job is secure, with only small deviations from country to country.
