Despite the increasingly tense financial situation, most people in Germany are meeting their payment obligations as before. The number of newly registered payment disruptions this year is below the previous year’s figure, reports the financial service provider Schufa. “People have adapted their consumer behavior to the increased prices, they are simply buying less,” explained Schufa board member Ole Schröder on Monday in response to regular consumers: internal survey of the company.
According to their own assessment, most people in Germany have to get by with less money. Just over half (55 percent) of those surveyed said they had had less income since the beginning of the year. Every second household (52 percent) had to fall back on savings. The reserves have been used up in every fifth household. Low-income households in particular are finding it increasingly difficult to save money, it was said.
According to the survey, people are keeping their money together. 74 percent said they consciously spend less money when shopping. In addition, almost every third payment obligation (32 percent) is reportedly postponed until the deadline or beyond. In the spring only 27 percent reported this.
Schufa carries out consumer surveys several times a year. In October, she had around 1,000 people surveyed online by market researcher NORDLIGHT research. According to the information, the survey was representative. (dpa)
