2024-12-17 05:15:00
When it comes to investing, Germans are still considered risk averse by international standards. But the rise in share prices despite the economic crisis obviously has its effect.
Hanover.
According to a YouGov survey, confidence in shares has increased among the working population in Germany: a quarter of the population now considers shares to be the most reliable investment when it comes to pension provision. Home ownership remains in first place with 42%. Pollsters surveyed 3,748 workers ages 15 and older over the summer. The client was HDI Insurance, which released its annual career study.
Shares exceed statutory pensions
In a multi-year comparison, confidence in stocks has increased, while the popularity of owning your own property has decreased. In 2020, 51% said their own house or apartment seemed the most reliable, followed by statutory pension and rental properties with 22% each. In 2020 the shares were still behind at 19%. This year, however, stocks have outperformed both statutory pensions by 25%, and rental property, life insurance and company pensions have also performed worse than the stock market.
HDI board member Holm Diez described this as “all the more remarkable
the context from which German savers have so far benefited enormously
According to the HDI, it is also striking that middle and older generations aged 45 and over today have less trust in statutory pension provision: in 2020, 30% of employees in this age group had the greatest trust in statutory provision. , this year it was still at 20%.
Women are less wary of stocks
One of the main reasons for the change in view of the stock market is that, according to the survey, more financially prudent women now view stocks with less suspicion. In a direct comparison with the previous year 2023, 19% of female workers surveyed said they had the greatest confidence in the shares, a third more than before. For men, this increase was much smaller, going from 28 to 29 percent.
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