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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 pr
by 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 agoTo 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.