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by dcolkitt 1884 days 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_nat...

2 comments

Germans 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.
Weak euro -> trade surplus -> Germany earns more than it spends -> savings -> lends money to importing nations

and the cycle repeats