Statistics - A quarter of households with incomes below 1,500 euros
Private households in Saxony-Anhalt had a net income of 3303 euros per month last year. Just under a quarter (24.9 percent) had less than 1,500 euros at their disposal, according to the State Statistical Office in Halle on Tuesday. In 641,400 out of a total of more than 1.11 million households, one employed person provided the main income. In April 2022, the average gross monthly earnings excluding special payments for full-time employment amounted to 3382 euros. Employees without a vocational qualification would have earned an average of 2464 euros, those with a qualification 2952 euros.
According to the statisticians, private households spent 2453 euros per month on consumption last year. A good half of this was spent on basic necessities, including housing, energy, food and clothing. Despite the 7.3 percent increase in consumer prices in 2022 compared to 2021, private consumer spending only increased by 2.7 percent in the same period, it said. "Presumably, this was mainly due to a change in consumer behavior in the food and beverage sector."
Despite the economic challenges of 2022, the number of insolvencies in Saxony-Anhalt fell by 93 cases to 2,944, the State Statistical Office added. The number of applications for consumer insolvencies fell slightly by 1.7 percent to 2138. A total of 298 corporate insolvencies were recorded, 14 more than in the previous year.
Press release
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- Despite the low income, many households in Saxony-Anhalt still managed to spend on essentials like food, with an average expenditure of 929 euros per month.
- Addressing the issue of household debts, the government in Saxony-Anhalt announced plans to provide financial assistance to families with net income below 1,500 euros to help them improve their finances.
- The high cost of living, including food, is a significant concern for many families in Saxony-Anhalt, as their net income does not account for a decent standard of living, especially during the holiday season like Christmas.
- According to the latest statistics, the private household sector in Saxony-Anhalt has a relatively high debt-to-income ratio, contributing to concerns about financial stability in the region.
- In the midst of rising costs, particularly for food, families with children in the private household sector in Saxony-Anhalt are now facing the challenge of ensuring enough net income to meet daily needs and provide for their children during the festive season, like Christmas.
Source: www.stern.de
