Germans forced to cut spending – media ...News

Russia Today - Economy
Germans forced to cut spending – media
source : Russia Today ( News ) () 11
Half the population can no longer afford their former lifestyles Nearly half of German citizens cannot maintain their former lifestyles amid record high inflation, Bloomberg reported on Friday, citing a survey conducted for public broadcaster ARD. Poll data shows that some 47% said they were strongly cutting back on spending. Among low-income Germans, the proportion of citizens who were forced to tighten their belts was almost 75%. The survey was conducted among 1,337 Germans between May 30 and June 1. As reported by the Federal Statistical Bureau of Germany, inflation in Europe’s top economy reached a historic hi

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