I'm not familiar with China or Japan, but in Germany, most people don't have large amounts of savings they could withdraw from. The middle class might own the h

I'm not familiar with China or Japan, but in Germany, most people don't have large amounts of savings they could withdraw from. The middle class might own the house or flat they live in, for the upper middle class that house doesn't need 100k€ to be brought to up date, but most people don't expect large inheritances. For German employees, the public pension system is their wealth, and that's not based on stocks etc, but on the next generations contribution + some tax subsidies. Millenials and Zoomers will have fun shouldering that.