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 |
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| Online Access: | https://acta.vsfs.eu/pdf/acta-2025-1-01.pdf |
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| _version_ | 1849421305998213120 |
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| author | Schumann, Jannik |
| author_facet | Schumann, Jannik |
| author_sort | Schumann, Jannik |
| collection | DOAJ |
| description | 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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| format | Article |
| id | doaj-art-498009b70f424bb39dc977ef8f94ec56 |
| institution | Kabale University |
| issn | 1802-7946 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | University of Finance and Administration |
| record_format | Article |
| series | ACTA VŠFS |
| spelling | doaj-art-498009b70f424bb39dc977ef8f94ec562025-08-20T03:31:30ZengUniversity of Finance and AdministrationACTA VŠFS1802-79462025-06-0119171710.37355/acta-2025/1-01Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in GermanySchumann, Jannik0University of Finance and AdministrationBackground: 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. https://acta.vsfs.eu/pdf/acta-2025-1-01.pdfinflationyoung adultshousehold assetsgermanywealth accumulation |
| spellingShingle | Schumann, Jannik Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany ACTA VŠFS inflation young adults household assets germany wealth accumulation |
| title | Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany |
| title_full | Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany |
| title_fullStr | Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany |
| title_full_unstemmed | Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany |
| title_short | Financial Impact of Inflation on Young Adults' Household Assets between 2015–2023 in Germany |
| title_sort | financial impact of inflation on young adults household assets between 2015 2023 in germany |
| topic | inflation young adults household assets germany wealth accumulation |
| url | https://acta.vsfs.eu/pdf/acta-2025-1-01.pdf |
| work_keys_str_mv | AT schumannjannik financialimpactofinflationonyoungadultshouseholdassetsbetween20152023ingermany |