▷ Study on World Savings Day 2021: Germany, the country of savers

26.10.2021 – 07:35


Frankfurt am Main (ots)

Saving is considered a popular sport for Germans. But how has the pandemic affected our savings behavior? On the occasion of World Savings Day on October 30th, 2021, the digital insurance manager CLARK is working with YouGov to examine the attitude of Germans to the topic of “saving money”. The population representative study [1] shows: For 32 percent of Germans, the topic of saving has become more important due to the corona pandemic. Further results of the survey show how people in this country are saving and for what reasons.

This is how the Germans save

It is frightening that around half of Germans receive little or no interest on their savings: 29 percent of those surveyed use a call money account and a full 24 percent of the CLARK study participants still save with the help of a money box. Accordingly, the latter receive no interest at all on their savings, but at least enjoy a high degree of flexibility. Bank balances on a call money account currently yields less than one percent interest annually – this does not even cover inflation. In summary, this means that around half of the population is currently losing money, so to speak, when they save.

But after all, around 32 percent of Germans invest the money they save: Either as part of a savings plan in stocks and funds (20 percent) or in ETFs (13 percent). “Compared to the good old piggy bank, funds, ETFs and stocks offer the opportunity to generate a good annual return, for example to provide for old age”, says COO and co-founder of CLARK, Dr. Marco Adelt. “In any case, it is important to spread the risk across different pension products and develop an individual pension strategy.”

Save 55 percent for old-age provision

Car, vacation, washing machine: almost half of Germans put money aside for larger purchases and consumption [2]. Around 55 percent stated that their personal savings target was old-age provision. “This is a good sign, because for many people the statutory pension alone is not enough to maintain their accustomed standard of living in old age. That is why it pays off early on to take measures like one pension insurance, the Riester pension or others private Altersvorsorgeprodukte thinking about how to effectively close a potential pension gap, “says Adelt in conclusion. If you want to determine your own pension gap: The pension cockpit in the CLARK app automatically calculates the personal pension gap based on age and income.

[1] Note on the study: The data used are based on an online survey by YouGov Deutschland GmbH, in which 1,025 people took part between September 20 and 24, 2021. The results were weighted and are representative of the German population aged 18 and over.


Press contact:

CLARK Press contact:
Katrin Peter
[email protected]

Original content by: CLARK, transmitted by news aktuell


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