According to a survey, many people in Germany only have small reserves for unforeseen expenses. Some don’t even know about their financial reserves.

According to a survey, four out of ten people in Germany have a maximum of 1000 euros in reserves to finance suddenly necessary expenses.

A total of 43 percent of respondents responded accordingly in a YouGov survey for Team Bank. According to their own statements, 9 percent of this group have no money available for unforeseen expenses.

According to the survey, 48 percent of people in Germany know exactly how much money they could access to finance an unforeseen expense without a loan. 42 percent have at least a rough idea of ​​the magnitude. 10 percent replied that they did not know at all.

According to the survey, people under 30 know the least about their financial reserves. In that age group, 15 percent said they didn’t know the amount they had available for sudden expenses. At 6 percent, the percentage of clueless people in the 50 to 79 age group was lowest.