2023-08-17 09:41:14
Sunset in Frankfurt: Despite rising interest rates, Germans are saving less. Image: Lucas Bäuml
The European Central Bank has been raising interest rates for a year in the fight against inflation. A new survey shows how savers deal with it.
A good year after the turnaround in interest rates and – in the fight against high inflation – several interest rate hikes by the European Central Bank (ECB) later, saving should actually be more attractive for investors in Germany again. But the opposite seems to be the case: the proportion of Germans who rely on the good old savings book or call money and fixed-term deposits has even fallen within a year. This is the result of a representative survey by JP Morgan Asset Management (AM), the results of which are available to the FAZ in advance.
From June 26 to July 3, 2000, the asset manager interviewed women and men (50 percent each) aged 20 and over – i.e. before the ninth interest rate increase by the European monetary authorities at the end of July by 0.25 percent, but the picture did not may have had a significant impact. However, the number of people investing in mutual funds or exchange-traded funds (ETF) has risen significantly.
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