According to a survey by the Kantar polling organization released on Tuesday, nearly one in five Germans have had to use their savings to pay for daily expenses as growing inflation reduces their purchasing power.
19.4% of the 2,000 participants in the study who responded stated they were utilizing their funds to get by.
While 8% of respondents said they would need to look for government assistance or find another work because they had no money to fall back on, 12.3% of respondents said they had no money in reserve but could manage by making cuts.
In contrast, 57.4% of those surveyed claimed they could get by without drawing on their funds.
Harmonized German consumer prices for comparison with those in other EU member states increased by 11.6% in October.
