Jörg Eckardt urges Germans to take personal responsibility for retirement savings

Jörg Eckardt, sales director of the fintech firm Augeon AG and former banking and insurance professional, argues that traditional safety nets such as savings books and state pensions no longer guarantee financial security in Germany. He says individuals must assume responsibility for protecting and growing their wealth, especially as inflation erodes purchasing power.

Data from the Bundesbank show that private households held €9.053 trillion in money assets in the first quarter of 2025, while the average saving rate in the first half of 2025 was 10.3 % of disposable income – roughly €270 per person per month. At the same time, inflation reached 2.9 % in April 2026, driven by higher energy and fuel prices, prompting many Germans to seek digital financial solutions as bank branches close.

Eckardt stresses that short‑term liquidity is insufficient; long‑term asset protection and structured investment are needed to preserve living standards against ongoing price rises.