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They consume less. Their economy is heavily tilted to being an export power rather than a consumer economy. Household consumption is around 52% of their GDP. Fo
by adventured 7y ago
They consume less. Their economy is heavily tilted to being an export power rather than a consumer economy. Household consumption is around 52% of their GDP. For the US it's closer to 67-68%.
Germany's personal savings rate is about 10.x%. The US - infamously tilted toward consumer spending - is actually not far behind at 8.x% (up from a low of 2.2% in 2005).
- gingabriska 7y ago>Household consumption is around 52% of their GDP. For the US it's closer to 67-68%. Wonder how much of that is healthcare and education which is wayyy expensive in US.