Munich More or less isolated and without many opportunities to spend money, hundreds of thousands of people have started looking into stocks, funds and ETFs during the corona pandemic. The pandemic was therefore a boost for private pension provision for many. However, in addition to the war in Ukraine, last year also brought inflation rates of a good ten percent. Many people who had just concluded an ETF savings plan not only had to watch their portfolio shrink, but also found that they could no longer afford to save for old age. Savings Bank President Helmut Schleweis has been warning for months that millions of people can no longer save.
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