Younger people are more economically affected by the consequences of the corona pandemic than older people. This emerges from a representative study by the market researcher Nielsen, which was commissioned by the Federal Association of Pharmaceutical Manufacturers. The older people in Germany were, the less likely they were to lose.
One in two (50 percent) reported economic losses among 18 to 29 year olds, and 38 percent among 30 to 39 year olds. The pandemic therefore often passed the elderly without financial consequences. Only 15 percent of those over the age of 60 felt losses, 85 percent said they were not economically harmed.
According to market researchers, younger people were probably more likely to suffer because they are more likely to work in jobs that are more affected by the crisis and more often have worse contracts than older people. In addition, pensioners are not affected by short-time work or unemployment.
Singles and couples less affected
The corona crisis also made itself felt in families, as the study shows. While singles and couples were little affected, households with three to four and more than five people reported more economic cuts (42 and 54 percent, respectively).
Overall, almost a third (31 percent) of all respondents reported financial losses in themselves or in partnerships, for example due to short-time work or lack of orders for self-employment. 68 percent said they had no negative consequences in the household budget.