What changes in their financial situation did people in the Second Half of Life Report after the first wave of the Covid-19 Pandemic? Results of the German Ageing Survey

Abstract

This chapter looks at the impact of the first Covid-19 Lockdown on the self-reported income situation and subjective standard of living of people in the second half of life. Among other things, the following questions are examined: Were retirees less likely to report being financially affected by the Covid-19 crisis than people of working age? Can differences in the development of reported income be identified between different occupational groups? To what extent does a reduction in income affect people's assessment of their standard of living?