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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (188330)

6/3/2022 6:36:20 AM

From: TobagoJack

Read Replies (1) | Respond to of 217752

A coincidence, doubtless

bloomberg.com

Inflation Forces Almost Half of Germans to Rein In Spending
Jana Randow
3 June 2022, 17:40 GMT+8

Stores offering sales discounts in Hamburg.Photographer: Imke Lass/BloombergNearly half of all Germans can no longer afford their lifestyle as inflation surges from one record to the next, according to a poll conducted for public broadcaster ARD.

About 47% indicated they’re strongly or very strongly cutting back on spending. In low-income households, that share rises to more than three-quarters. The survey was conducted among 1,337 Germans between May 30 and June 1.

Cutting BackRecord inflation is forcing Germans to spend less

Source: infratest dimap for ARD

Note: Survey of 1,337 eligible voters conducted May 30-June 1; margin of error 2-3 percentage points

Inflation in Europe’s top economy hit 8.7% in May, driven by energy and food costs that are likely to rise further as the war in Ukraine persists. Chancellor Olaf Scholz’s government has introduced relief measures including a temporary cut to fuel taxes, subsidies and cheap public-transport tickets, but they’ve not shored up confidence so far.

Retail sales dropped the most in a year in April, and consumers see reining in inflation as a more urgent task than fighting climate change and social inequality. Only the Ukraine conflict is considered a bigger challenge, the survey showed.

Read more...

Germany Risks Becoming Sick Man of Europe Again as Woes Mount German Inflation Hits Fresh Record, Piling Pressure on ECB

— With assistance by Zoe Schneeweiss