Real wages in Germany have risen in recent years. In the period between 1991 and 2016, an average of 18 percent. In fact, only the high earners were able to increase. A study by the German Institute for Economic Research (DIW Berlin) found that those who earn little have little more today than they did at the beginning of the 1990s. Thereafter, as a result, the inequality of net household income increased more extremely. Especially since the turn of the millennium, the gap between the richest and poorest households has widened. According to the study in the 1990s, the proportion of people with less than 60 percent of the median net household income in Germany was around eleven percent. By 2016, this low income rate had risen to 16.6 percent.

On top of that. Unemployment will also rise in Europe, as various studies show.

In our opinion for these reasons:

Income stagnates, expenses rise due to:

The question is not whether you want to develop a second source of income for yourself, but how long you can still afford not to do it.