“Only cash is true,” it was also said this Christmas, because in many places, money was under the tree. Especially the young generation was pleased about new financial resources. This shows a forsa survey commissioned by CostBend.
More than one in three Germans aged 14 and over (37 percent) received money for Christmas this year. With 61 percent, especially the young generation of 14 to 29-year-olds could be happy about pennies and coins. The amount of money seems quite large at first glance: On average, each recipient has his wallet filled with slightly more than 240 euros. However, according to forsa, some “outliers” push up the average – such as one respondent who received 6,000 euros. More specifically, for 36 percent of those surveyed, up to 100 euros was a gift, for another 19 percent were 101 to 200 euros under the Christmas tree. Only just one in five (23 percent) received 201 euros or more. Just as many (22 percent) can not remember the exact amount.
Create money gifts cleverly
Looking at all the recipients, well over half (54 percent) plan to spend the money or have already done so. The situation is different for people under the age of 30. 47 percent of them want to save the present first. One in five (22 percent) wants to cover one part and spend the other. Silke Barth, prevention expert from CostBend, advises: “Especially for young people, flexible forms of savings such as our flexible retirement plan are ideal. You can get attractive interest rates of up to 3.5 percent and still be able to access the credit when needed, for example to buy new furniture for the WG. “In addition, the product offers the option of a lifelong pension. Those who prefer to commit themselves directly to old-age provision, for example, selects a private pension insurance or the state-subsidized Riester pension. Silke Barth recommends: “Interested parties should always be well informed, compare offers and pay attention to low closing and administrative costs.”