More than half of German population save regularly

A survey released by polling institute Forsa showed that 60 percent of Germans put aside money regularly, news magazine Der Spiegel reported Monday. According to the results of the study, Germans mostly save a maximum of 200 euros (271 U.S. dollars) per month, while 14 percent of the respondents said that they saved no money. The peak proportion value comes from the lowly populated coastal state of Mecklenburg West Pomerania, where 69 percent of the population has the habit of saving money. The north port state city of Hamburg and the south state of Bavaria come with 68 and 66 percent in second and third place respectively. However, the western German state of Rhineland-Palatinate has the most spenders, as more than one in five don't save money for a rainy day, the study said. The study also said, 60 percent of Germans want to keep their monthly savings amount, while 20 percent are willing to save less. Only 17 percent want to put aside more money, such as by cutting down spending on food or restaurant visits to implement their future plans. Forsa interviewed a total of 1,650 Germans aged 18 to 69 years about their saving behavior from the middle to the end of October.