Norisbank Survey: Germans' Financial Literacy Growing, but Uncertainty Persists

Germans are increasingly taking control of their financial matters, yet uncertainties persist, according to a recent survey by norisbank. Conducted at the turn of 2025/2026, the study indicates that a majority of Germans feel capable of handling their own financial decisions. While self-reliance is growing, the need for advice on specific topics, such as retirement planning, remains significant.

The survey found that 55.8 percent of respondents stated they do not require advice from their bank. This figure has remained relatively stable compared to the previous year (56.5 percent) but shows a notable increase from 2024 (49.2 percent). Younger and middle-aged individuals were particularly assertive in this regard. Conversely, 28 percent still desired bank advice, especially for retirement planning (15.7 percent) and short-term investments (14.8 percent). Less demand for consultation was seen regarding credit matters.

Many Germans reported an improvement in their financial literacy over recent years, with a particularly marked increase among younger age groups (18-39 years old). Decisions are increasingly based on personal expertise (32.7 percent) and advice from family and friends, especially for younger individuals. Digital channels, including bank websites (18.8 percent) and analysis tools (18 percent), also play a prominent role in information gathering, often used in conjunction with other sources.

Thomas Brosch, CEO of norisbank, commented that the survey confirms the desire among many Germans to manage their finances independently by actively seeking information digitally and leveraging personal networks. He emphasized, however, that the need for security and guidance persists, particularly in complex financial decisions, and that norisbank aims to provide simple, digital solutions to meet these needs.