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First of all the German pension system works completely different than that of the US for example. Savings generally aren't for retiring so they can't be seen a

by aeyes 7y ago

First of all the German pension system works completely different than that of the US for example. Savings generally aren't for retiring so they can't be seen as long-term. Therefore most people simply don't want them in volatile investments. The amount in savings accounts is probably much lower than what you are thinking. Median net worth in Germany is only around EUR 50.000.

mruts 7y ago
In a country that’s obsessed with saving, wouldn’t there be a lot of money in these accounts? Though in a country like Germany that has a large state welfare program, you would think that saving wouldn’t be particularly popular.
- aeyes 7y ago
  To be saving you first of all need to have some cash left over. In Germany you only net about 55-60% of your gross income and pay has generally not kept pace with inflation for many years. Moving within Germany doesn't make a big difference as rent is highest where pay is better. Investment returns are also heavily taxed.