- Germans put 36.5% less money aside than at the end of last year
- 61% consider financial security increasingly important since the corona crisis
- Around a third are more interested in investment since the pandemic
- 31% experienced lost income as a result of the crisis
- Growing interest in shares and funds
In June, Germans saved an average of 36.5% less money than in November last year, when the corona crisis was not yet in sight. The pandemic has also had an impact on financial investments in other respects – a large number of people are now increasingly turning to supposedly ‘safe’ investments. This can be seen in a new infographic from Kryptoszene.de.
The infographic shows that 61% of Germans have been increasingly focussing on security in their financial investments since the corona crisis. Almost half of them consider investment in precious metals much more attractive than before the pandemic. And while around four in ten state wanting to reduce their expenditure in the future, around a third are increasingly looking at financial investments in the year of crisis.
31% experienced a drop in income in the face of recent developments. However, according to the survey, as many as 55% of the population in China had to cope with lower incomes.
Despite financial losses, the proportion of people interested in shares and funds is increasing. 3.87 million Germans are even “especially” interested in them. Just last year, this figure stood at just 3.66 million. While there is an emerging trend towards increased interest in shares and funds, there are still 55.75 million who are “hardly” or “not at all” interested in this form of investment.
“Although investors are showing increased appetite for secure assets, speculative stocks are also popular,” comments Kryptoszene analyst Raphael Lulay. “Shares in pharmaceutical groups as well as companies from the fields of electromobility and hydrogen are particularly sought after. All in all, the interest in Germany in stocks and funds is growing, even though the ratio of shareholders is still low by international standards”.