Part 4/8:
The recent economic turmoil in Germany has triggered a wave of inflation that is changing the financial landscape. Prices for basic necessities such as bread, milk, and vegetables have risen by over 12% in just two years. As inflation continues to climb, an increasing number of full-time workers find their wages falling short in addressing their daily costs.
Even with the implementation of a wage increase, the minimum wage in Germany barely keeps individuals above the poverty line when accounting for the rising cost of living. Students, particularly those on federal funding, are also feeling the pinch, often grappling with monthly allowances that do not cover basic expenses.