Inflation could turn Germany into a “poor state” – Focus Online

Residents in Germany could be hit hard by the sharp rise in the cost of living. If inflation continues to rise, Germany will face big shocks.

Source: yandex.ru

Focus Online writes about this with reference to the words of sociological expert Ulrich Schneider.

“A record number of the poor was recorded in Germany even before the current crisis, Schneider notes that a sharp rise in prices could turn Germany into a “state of the poor,” the expert noted.

According to Schneider, many Germans do not have any financial savings, and unemployment benefits are depreciated due to inflation.

The expert also criticizes the actions of the German government. In his opinion, the measures taken by the authorities help only people with high incomes, while the poorest segments of the population are left to fend for themselves.

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