This is how expensive status symbols of the middle class are currently

Detached house as a status symbol of the middle class

Buying your own home is almost impossible for families with no savings.

(Photo: E+/Getty Images)

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.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Continue

source site-12