Germans’ Economic Positivity Holds in Eurozone Crisis

BRUSSELS — Germans’ attitudes about their standard of living have remained relatively buoyant throughout the recent eurozone crisis. In 2011, 31% of Germans said their standard of living was getting better — even higher than before the global financial crisis hit in 2008. Germans’ satisfaction with their standard of living has remained remarkably stable in recent years, at 88%.

Germans' satisfaction with living standards top pre-crisis levels

Gallup surveys also show Germans’ economic outlook has improved markedly in recent years. In 2011, 47% of German residents said their local economic conditions were getting better, up from 34% in 2010. The increase in optimism regarding the job situation was even more pronounced. The proportion of Germans who said that it was good time to find a job in the city or area where they lived jumped to 50% in 2011 from 22% in 2010.

These positive developments were accompanied by Germans’ growing belief that they can get ahead if they work hard. More Germans said they can get ahead in life by working hard in 2011 and 2010 than in years prior. (more)