4 ms·
> But the difference I think is that fewer people feel the need or expectation to aggregate wealth over their career. German savings rates are 50% higher than
by dcolkitt 6y ago
> But the difference I think is that fewer people feel the need or expectation to aggregate wealth over their career.
German savings rates are 50% higher than America.
https://en.wikipedia.org/wiki/List_of_countries_by_gross_national_savings https://en.wikipedia.org/wiki/List_of_countries_by_gross_nat...
- alkonaut 6y agoGermans are probably more successful at saving! I do think though that if you asked “is it important to have a well paying job” or “important to retire rich” I think more would agree in the US (although few would succeed). I don’t have any numbers for this hypothetical interview question though.
- imtringued 6y agoWeak euro -> trade surplus -> Germany earns more than it spends -> savings -> lends money to importing nations and the cycle repeats