Germany, in comparison with another countries, including Poland, has peculiarly advanced concerns about its own finances. In a survey conducted for the supplier of CRIF credit information systems in 5 European countries (Germany, Poland, France, Italy and the United Kingdom), as much as 80% of Germans expressed concern about their financial situation over the next 12 months.
In all 5 countries, the average is almost 3 quarters (74%) and is somewhat higher than in 2024 erstwhile 71% of respondents expressed concern. In Poland, 75% of the questions expressed concern.
Concerns About the Standard of Life
At present, almost 1 in 4 Europeans (24%) believe that their standard of surviving will deteriorate. Germany (28 percent of respondents) and Poles (27 percent) have the top concerns about this. A bit smaller – French (26 percent). In Italy, only 20% of those questioned are afraid and 21% in the UK.
In the survey, the most respondents in Germany (31%) besides acknowledged that they expected to deteriorate their financial situation. Just behind the Germans there were Poles (27%). In France, this was 24 percent, in the UK 21% and in Italy 20 percent.
Surveyors besides asked about concerns about paying bills on time. In this regard, Germany has the biggest concern, where almost 1 in 4 people (24%) admitted that they were afraid that they would not pay the bills on time. In Poland, only 12% of respondents had specified concerns, and in another countries the percent ranged from 12 to 14 percent.
Higher costs
The pollers view the causes of rising pessimism as rising costs. For example, 58% of respondents in Poland, 32% in Germany and only 19% in Italy said that they now spend more money on renting or financing the home than 5 years ago.
About 44 percent of respondents in Poland (and 31 percent in Germany) besides stated that they had to scope deeper into their pockets, paying for insurance. More than half of Poles (56 percent) and 39 percent of Germans talk about higher costs.
The cost of surviving a household increased for 44 percent of respondents in Germany and 75 percent of Poles – according to the survey.
A full of 6 1000 people participated in the survey conducted in late March, after 1,000 in Poland, Germany, France and Italy, and 2,000 in the UK.
