economy
April 15, 2026
Crisis Grips Germany: No More Savings, Prices Keep Rising
'People feel the crisis directly through prices in stores and at gas stations, and low-income citizens no longer have any savings to cushion this blow,' says Tanja Birholc.
TL;DR
- 77% of German citizens expect further price increases.
- Many consumers have no financial reserves to cope with the crisis.
- 76% fear further increases in electricity and fuel prices.
- Only 22% of respondents believe they have enough savings to cushion rising living costs.
- 36% fear their financial reserves will be insufficient.
- 16% have already depleted their savings entirely.
- 22% report never having had any savings.
- Inflation in Germany reached 2.7% in March, the highest since January 2024.
- Energy prices for households and fuel were 7.2% higher in March compared to the same month last year.