Frankfurt Inflation hit the ten percent mark in September – and experts say it will remain high for some time to come. That wouldn’t be a problem for most consumers if their incomes increased by the same amount. But they do that for very few. Many citizens suffer a significant loss of prosperity, including the upper middle class.
A large Handelsblatt data analysis shows that traditional status symbols for the upper middle class have become much more difficult to reach, especially in the past five years. Especially to buy a property, even a high earner has to work longer than a few years ago, but also to buy a BMW.
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