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In Germany getting 25k as a working adult is hard, because before taxes and social security that's 50k you need to earn. Thats more then an average person earns
by ffsm8 4mo ago
In Germany getting 25k as a working adult is hard, because before taxes and social security that's 50k you need to earn. Thats more then an average person earns in a year before taxes, so they'll likely be saving for 5-10 years if they want to start one.
Now wherever that's an issue with the 25k admission fee OR with the fact that wages have stagnated for about 25 years in Germany, consequently mostly wiping out the middle class ... That's debatable.
- chmod775 4mo ago> In Germany getting 25k as a working adult is hard German median household wealth is 4x that.
- ffsm8 4mo agoYou mean median household net worth. This estimate includes things like a car, a partially paid off house and other assets. Most of that wealth cannot easily be converted to cash which you'd need to start a company. Also that's median. Germany is a country with a median age of 45. So yeah, someone who likely worked for 20+ years will likely have saved around 100k, I don't think you realize how that's an argument in favor of what I just stated...
- orthoxerox 4mo agoExactly, would bet 25% of all that your family has on a business venture?