Economic Anxiety and Declining Trust Mark 2026 German Public Sentiment

A recent survey conducted by R+V insurance reveals growing economic fears among Germans in 2026, particularly concerning recession and the cost of living. According to the study "Die Ängste der Deutschen 2026," 51% of respondents now fear a worsening economic situation, marking a 10 percentage point increase in recession anxiety compared to the previous year. This surge underscores a collective loss of trust in the country’s economic future, as noted by lead researcher Brower-Rabinowitsch.

The cost of living tops the list of concerns, with 59% of Germans fearing their financial means will not suffice for everyday expenses—an increase of 7% from 2025. This anxiety is more pronounced in West Germany, where approximately 60% express worries about maintaining their purchasing power, compared to 53% in the East. Housing affordability is also a significant issue, affecting 50% of respondents, ranking fifth in the list of fears.

Despite a decline in immigration numbers, migration-related worries persist, with 52% of Germans concerned about the state being overwhelmed by refugees. These fears are slightly higher in eastern regions, such as Saxony-Anhalt, which also exhibits the highest overall fear level at 47%, while Thuringia reports the lowest at 21%. Furthermore, 53% of Germans fear tax increases or cuts to public services, adding to the economic unease.

The survey also notes a notable erosion of political trust; 48% of respondents feel politicians are overwhelmed by their responsibilities—a 6% increase from the previous year. The government and opposition parties receive an average approval rating of just 4.1 out of 6, the lowest since 2018.

Interestingly, while financial and economic concerns dominate, the overall fear level among Germans remains relatively moderate at 38%, close to the lowest recorded levels in past years. Additionally, apprehensions regarding climate change and natural disasters have declined to 30%, suggesting a shift from fear to resignation. The study advocates for proactive climate policies as a viable opportunity to advance the economy and regain public confidence.

This comprehensive research, including regional and demographic insights, highlights a German society increasingly focused on financial security amid growing doubts about political efficacy and economic stability.