Faith in a better future is being lost - financial experts discuss changes and opportunities for Germany | SEO: Financial experts, changes, opportunities for Germany

Faith in a better future is being lost - financial experts discuss changes and opportunities for Germany | SEO: Financial experts, changes, opportunities for Germany

According to a report by vorwaerts.de, a youth study by the TUI Foundation has shown that more and more young people in Germany and Europe are pessimistic about the future. In Germany, only 27 percent of young people believe that they will be better off than their parents. However, 44 percent are convinced that things will get worse for them. Across Europe the numbers are even worse. This development worries many experts, as belief in a better future is an important driver of economic growth and development.

Lars Klingbeil, the chairman of the SPD, has also recognized this development and is speaking at the “Day of Progressive Economic Policy” about a new social democratic economic policy. He emphasizes that for the SPD it must be about revitalizing belief in a better future. Changes should be designed as improvements. Klingbeil points out that the transformation to a climate-neutral economy and the shortage of skilled workers will pose major challenges. But in the end it is clear that Germany has to change in order to remain a strong country.

Another important point in Klingbeil's speech is the role of the state in economic policy. He emphasizes that the market alone cannot regulate everything and that the common good and the role of the state must be brought back into focus. For example, he suggests supporting companies that are embarking on a climate-neutral transformation with subsidized electricity prices.

From Klingbeil's point of view, it is not only important to promote a renaissance in industrial policy, but also to strengthen company co-determination and collective bargaining. Good and fair work as well as investments in infrastructure are crucial for positive future development. Klingbeil emphasizes that investments in transformation and the welfare state are essential, even if they cost money. Not only is the future of Germany as a business location at stake, but also the future of democracy.

Overall, this article shows that the pessimistic mood among young people in Germany and Europe is worrying. A positive future perspective is crucial for economic growth and social development. The measures proposed by Lars Klingbeil and the SPD, such as a stronger role for the state, investments in the transformation and the welfare state as well as the strengthening of company co-determination, can help to revive belief in a better future and to address the economic and social challenges.