Housing costs: Over 17 million Germans live in hidden poverty!

Housing costs: Over 17 million Germans live in hidden poverty!

Berlin, Deutschland - The rents explode, poverty follows on the foot! A shocking study reveals that over 17.5 million people in Germany get into the poverty trap after the housing costs break down their wallets. The naked numbers of the Total association , based on the data of the Federal Statistical Office, show a dark picture: 5.4 million more German life in poverty because housing costs are putting their available income! If you only look at income and leave out the rents on the outside, you don't see the true extent of poverty.

What does that mean specifically? Anyone who has less than 60 percent of the median income is considered an arm, according to the definition in the study. For many people, the housing costs of the executioners of their finances are. According to the demands of the parity overall association, it is the immense rental costs that meet single pensioners, young adults under 25 and single parents particularly hard. Poor people in Hamburg or Bremen know what we are talking about, because the north German cities have the highest odds for housing poverty.

examples from reality

If you look at the stories of pensioner Schmidt from Berlin or the wreath family from Hamburg, it becomes clear that housing costs are the actual burden. Ms. Schmidt lives from her pension, which is 1,770 euros, but after deducting the rent of 900 euros, only 870 euros remain to life. The Kranz family is fighting for their finances in Hamburg, their rent eats 1,660 euros from the monthly income of 3,500 euros. No wonder poverty knocks on the door! The situation is similar with the student Mila Nguyen in Leipzig, whose budget is also badly shaken by the housing costs [Bild-Zeitung] .

CEO Joachim Rock from the parity overall association speaks plain text: Germany urgently needs more affordable apartments, good wages and social security to combat poverty. The question remains: will the federal government finally act and defeat misery before it hits more people?