A Price Shock Hits Germany – and Pensioners and Poor Households Lose a Lot
12 Articles
12 Articles
Because of the high energy prices, they lose four times as much of their income as top earners, as a study shows. Pensioners also suffer greater losses.
Berliner Morgenpost
The researchers speak of a price shock. In total, German households have to cope with billions of additional expenditures.
With the Iran war, a military conflict again causes a price shock in Germany. However, the burdens are not evenly distributed across all population groups. People with little money suffer unequally more than wealthy households.
According to the ifo-Institut, poor households are more affected by high inflation rates as a result of the Iran war. Since then, they have an average 2.87 percent less budget.
The Ifo researchers speak of a price shock. In total, German households have to cope with billions of additional expenditures.
The researchers speak of a price shock. In total, German households have to cope with billions of additional expenditures.
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