Young generation: Financial responsibility in the upswing - this is how you think!

Young generation: Financial responsibility in the upswing - this is how you think!

More and more young people in Germany show growing awareness of their finances. A new trend is emerging: contemporary money attitude is increasingly being reconsidered. As the Saarbrücker Zeitung reports, many young adults see the debt for purchases, for example for cell phones or vacations, as "no-go". Barbara Bucher, director of Sparkasse Neunkirchen, observed this development in her advisory team during a balance sheet press conference.

Bucher and their young team of consultants have found that more and more young people are actively taking care of investments. The change in savings behavior is clearly noticeable. It is recognized that an early examination of financial issues is of crucial importance.

growing financial awareness

According to a comprehensive youth study from 2024, 75% of young respondents find it important to deal with money issues. It is particularly noteworthy that 51% of young people find out online about financial issues, while 37% prefer personal exchange. This digital component makes it easier for young people to access information about money and investment issues.

The survey also shows that 56% of the respondents regularly leave something left of their financial means. Nevertheless, 30% indicate to get along with their money "just like this". This investigation also documents that 8% of young people occasionally get into financial difficulties, while 4% more often have problems.

investment behavior in change

The interest in stocks and securities has risen sharply within the young generation. Currently, 31% of young people are investing in these forms of investment, which represents a sudden increase compared to only 9% in 2018. The 21- to 24-year-olds are particularly active, 43% of whom invest in securities. This willingness testifies to a growing financial awareness.

digital platforms and apps have made access to the capital market of younger people easier. Nevertheless, there is still a need to inform you about financial risks and comprehensive financial education. While 34% of young people indicate regularly to operate financial planning, another third deals with this topic at least "from time to time.

In addition, the survey shows gender -specific differences in financial behavior. Female respondents have an average of 684 euros a month, while male respondents have over 990 euros. This also has an impact on investment habits: only 17% of women have securities, in contrast to 43% of men.

Overall, the development shows that young people are increasingly trying to find their financial independence and responsibility. The Sparkasse Neunkirchen and the youth study clarify that an active examination of investment and planning is of great importance for the future of this generation.