Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany
Background: Between 2015 and 2023, young adults in Germany faced significant financial challenges due to escalating inflation, peaking at 10.6% between 2021 and 2023. Aim: This study aims to investigate the financial impacts of inflation on the household assets of young adults in Germany compared...
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| Format: | Article |
| Language: | English |
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University of Finance and Administration
2025-06-01
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| Series: | ACTA VŠFS |
| Subjects: | |
| Online Access: | https://acta.vsfs.eu/pdf/acta-2025-1-01.pdf |
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| Summary: | Background: Between 2015 and 2023, young adults in Germany faced significant financial challenges due to escalating inflation, peaking at 10.6% between 2021 and 2023.
Aim: This study aims to investigate the financial impacts of inflation on the household assets of young adults in Germany compared to other age groups.
Methods: Employing a structured literature review of studies, reports, and statistical data from institutions like the European Central Bank and the Deutsche Bundesbank.
Results: The findings reveal that high inflation eroded net asset returns for young households, delayed wealth accumulation, and exacerbated generational wealth disparities.
Recommendations: The study recommends targeted policy actions to enhance financial resilience among young adults, such as financial education and support for wealthbuilding initiatives.
Practical Relevance/Social Implications: Addressing the unique financial vulnerabilities of young adults during inflationary periods is essential for reducing wealth inequality and promoting economic stability.
Originality/Value: This research contributes originality by focusing on an underexplored demographic, shedding light on how recent inflation has specifically impacted the wealth development of young German households.
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| ISSN: | 1802-7946 |