Germans are pessimistic about their economic situation - financial expert Caspar Ibel analyzes the ARD Germany trend

Germans are pessimistic about their economic situation - financial expert Caspar Ibel analyzes the ARD Germany trend

According to a report by www.merkur.de, the results of the ARD Germany trend show that 41 percent of Germans fear that their own economic situation will worsen in the new year. Only 9 percent expect an improvement, while 46 percent expect the situation to remain unchanged. People with low incomes in particular are particularly worried about their own economic situation. This pessimistic mood is not new and was also observed in the ARD Germany trend in 2022.

The differences in assessments are also clear between supporters of different political parties. There is great pessimism, particularly among AfD supporters, while supporters of other parties are more optimistic. Age also plays a role, as the younger generation is more optimistic about their economic development, in contrast to the 65+ generation, which is more pessimistic.

Concern about loneliness during the holidays was also evident in the survey. People with lower incomes and both young and old people are particularly concerned in this area.

These results reflect general uncertainty and concern about economic development. The pessimistic mood could impact consumer behavior and thus the market. A reduced willingness to consume could lead to a decline in economic activity. It is therefore important to take the economic uncertainty seriously and take possible measures to increase consumer confidence and improve their economic situation.