23/04/2024
How do you score on the Financial Freedom Index? 📣
With this poll, life insurance provider LV1871 studies the mood surrounding financial freedom in Germany. Compared with 2022, Germany seems much calmer and more positive when it comes to money, freedom and the intersection between both: between 2022 and 2023, the index rose from 40,6 to 44,8%.
Whereas explosive inflation colored last year's mood considerably, the relaxing financial markets have translated to an altogether better mood with investors, savers and consumers.
The study shows that, while sentiments are more positive, Germany is still on the way towards potential financial freedom. The index places scores between 20 and 50% as "normal" – neither thriving financially nor living in financial chaos. The index insists that, while this is not an emergency situation, much more can be done. As per the index, financial control starts at about 50% – a goal surely shared by most in this economy.
Are you ready to start your journey towards financial freedom? DM us 'financial freedom' and get connected with one of our consultants for a free 1:1 finance consultation 👇