4 ms·

Germany has also very low net income inequality.

• jhoechtl 7y ago
  Used to have. It's swiftly increasing and working poor has defenitely become a thing. Net income declined for ten years in a row.
• hogFeast 7y ago
  It has the highest wealth inequality in Europe though (iirc, it is as high or higher than the US). In absolute terms, Germany's average net financial wealth per capita is slightly less than Greece...and in Germany, they have a substantial number of billionaires (usually very old money that got rich through govt aid/subsidised loans...or, unf, something much worse) which they don't in Greece. Btw, the IMF actually produced a special report on inequality in Germany. It is a very serious problem and probably more serious than in the US (a trade surplus is just an excess of savings over investment: Germany industrialised through subsidised loans to politically connected companies, this meant very low interest rates...they are basically China, btw China copied Japan's model and Japan copied Germany...insolvent banks, very high inefficient saving rates, very low wealth, very weak savings system, low wages, very concentrated/vulnerable economically, non-functioning capital markets...it goes on and on).