Techaktien · 2023-07-27T09:00:08.033180Z

The Fairy Tale of Rich Germany 🇩🇪📉 A wealthy and professionally very successful person once gave me some advice very many years ago. He said, "Always go where the money is." 💵💵💵 He knew many people from the past who did not have this prio and now have more problems and less prosperity. >> Opinions? #Geld #Finanzen #Vermögen #Fintwit

1Yr

Hey, for that we have secure and higher pensions later.

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Techaktien@Techaktien

1Yr

@StoneCo 🤑🤑🤑

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Epi@Epi

1Yr

@StoneCo Did you mean "with higher certainty later pensions"?

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Smudo@Smudeo

1Yr

@StoneCo more yes for sure no!

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RobertoNiemalsBlanco@RobertoNiemalsBlanco

1Yr

@StoneCo You forgot "provided we make our own provisions".

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maniac3000@maniac3000

1Yr

@StoneCo laughing, I almost dropped the application for basic security in the bag with the deposit bottles

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Robert@Zony

1Yr

@StoneCo OK

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Robert@Zony

1Yr

@StoneCo OK

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Trader_01@Gerald_A

1Yr

@StoneCo

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IchPutzHierNur@IchPutzHierNur

1Yr

@StoneCo i can no longer 😂

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Staatsmann@Staatsmann

1Yr

It is not surprising if more and more young people in Germany move out at a very early age and are unable to save given their entry-level salaries and lack of financial education. In the countries further up the ranking, young people live with their parents for longer and are able to accumulate assets before moving out.

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Epi@Epi

1Yr

@Staatsmann I also think you shouldn't use just one number to assess the situation. The university graduation rate among young people in Germany is quite high, the student debt quite low, the rent rate quite high, the debt rate quite low, etc.... You need an overall picture to make an overall judgment. I also had little money at 35 because of studies, doctorate, etc., chose that myself and would not exchange the time for any money.

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Hitchkock@Hitchkock89

1Yr

@Staatsmann But the people themselves are also to blame for this. Here it is also frowned upon to live with parents or in a house when you are 20+, because you absolutely want to be free and otherwise feel restricted in your life 😅.

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Staatsmann@Staatsmann

1Yr

@Hitchkock89 Absolutely right, and with your own apartment you just can't save that well. 🤷🏼‍♂️ Especially when you're just starting out.

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Staatsmann@Staatsmann

1Yr

@Epi With an overall picture, however, you can't as well publish a few gripe pictures that only seem black and white.

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Herbert H.@random_average_investor

1Yr

@Staatsmann source: my ass

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Staatsmann@Staatsmann

1Yr

@random_average_investor 🆗🆒

https://www.tagesschau.de/inland/gesellschaft/junge-menschen-statistik-101.html

https://www.zdf.de/nachrichten/panorama/junge-menschen-auszug-elternhaus-statistik-100.html

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Cekay@CMustermann

1Yr

Since I heard that supermarkets plan their utilization based on salary payments (significantly more utilization at the beginning of a month because people don't have money for food towards the end), I don't believe in German prosperity anymore anyway. The fact that in the chart 16-20 year olds only have 10k put aside I understand. For a 34 year old with 10k in the account/deposit/savings account/whatever there is just no excuse. And these are based on the household, i.e. all the double earners are already included. Unbelievable, but we will see it in the future, when the pension system collapses, our generation (if it has not provided for) slides into poverty and the state either expropriates us or worse.

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Epi@Epi

1Yr

@CMustermann When the pension system collapses, those responsible today will already be in the ground. There is nothing left for us to do but take matters into our own hands.

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Cekay@CMustermann

1Yr

@Epi well of course, that is also the reason why this way is still driven further. But changes little in my fear that the politicians of the future "save" the system by further burdening the "rich" up to expropriation. That the expropriation by the state is no longer a red line, you can see at the real estate companies.

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Robert@Zony

1Yr

@CMustermann i don't know if you can generalize that way. it wasn't possible for me to save even 10k back then. my earnings in the trade simply didn't allow it. In addition, our economy is not so rosy, with few opportunities to earn more. We live here rather rural. Only the change in the industry has enabled me to earn more. But then the way is still far with mid-twenties to come to a reasonable savings number, whether account or deposit or whatever. But the other thing is that I have learned a different relationship to money.

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Erdbeermaus@Lumimyrsky

1Yr

I would be interested in how it came to this, in my head countries like Italy Hungary Croatia Poland etc. are significantly less wealthy than Germany is it due to consumer behavior vllt who can explain it to me.

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Deleted User

1Yr

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Dwight K. Schrute@assistantregionalmanager

1Yr

@MichaelSB82 well explained

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b0wm@b0wm

1Yr

@Lumimyrsky Good point, I would also be interested. I think it's because most people talk about GDP rather than net household wealth. In countries mentioned it is more common to live in your own property rather than renting as in Germany. That will be a big part of it. Still, I'm happy to be proven wrong if anyone has studies, etc. on this.

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Pndmnd@Pndmnd

1Yr

@Lumimyrsky This graph shows income per household.
I guess there are more people living in single appartements in germany.
In countrys like hungary, poland etc. two or three generations are packed in one household.

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Alexander Schober@alexschober_

1Yr

at least austria is number 1 in the list of the most unfriendly countries

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Nycon N.@Hooliganz1337

1Yr

Am z. Z abroad, and at the thought of Germany comes to me just the blank kotzen. The call of the homeland is always greater in me. Germany has so ready 🤷

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Julian@Kingvest

1Yr

Since it is the median, one could also conclude that the distribution is very unequal in Germany. The average as a comparative figure would still have been interesting, how much the richest would lift the average. I assume right-skewed distribution, but without the whole curve or at least the average difficult to estimate.

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Justin@depotfinanzen

1Yr

@Kingvest in what way is that unequally distributed, please. How do you mean that

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Julian@Kingvest

1Yr

@depotfinanzen Well, the income and wealth is not subject to normal distribution (Gaussian curve), otherwise search for Gini coefficient or corrected and let that.

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Adel;.@tAdel

1Yr

After all, we are right up there with the Gini coefficient 🤟

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Laura@FirstPancake

1Yr

It's pretty meaningless without context.

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Fabian@D-Schredder

1Yr

Opinion? Well. It's just a number related to households. In Germany, for example, about 20% of all jobs are in the low-wage sector - the EU average is more like 15%. That presses security also on the statistics posted here. Among many other factors.

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Felix@Investor_in_Jogginghose

1Yr

Germany is rich. It just takes 56% from its citizens for it.

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Tony R.@user28036606c7b6474c

1Yr

@MiIliardenmehling who gets 56% deducted? Or have you simply not understood the tax system?

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Felix@Investor_in_Jogginghose

1Yr

@user28036606c7b6474c Steuerquote

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Tony R.@user28036606c7b6474c

1Yr

@MiIliardenmehling The tax ratio in Germany in 2022 was 24.5%. However, this only says something about the ratio of tax revenues to GDP.

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Felix@Investor_in_Jogginghose

1Yr

@user28036606c7b6474c This year's Taxpayers' Memorial Day falls on Wednesday, July 12. This has been forecast by the German Taxpayers' Institute of the German Taxpayers' Association. Citizens will therefore probably have to work one day less for public coffers this year than last year. This is because the average burden of taxes and duties on income in 2023 is expected to be 52.7 percent, around 0.3 percentage points lower than in 2022. Source: https://www.steuerzahler.de/steuerzahlergedenktag/?L=

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Staatsmann@Staatsmann

1Yr

@MiIliardenmehling However, the Taxpayers' Association also includes social security in the tax burden, which is wrong.

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Felix@Investor_in_Jogginghose

1Yr

@Staatsmann yes, but many of the contributions do not come back to the contributor.

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Paolo@PaoloC

1Yr

and then Olaf Scholz comes along and says that he only has his in the savings account 🤣🤣

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Leonard@Osiriz

1Yr

I wonder if the 16 year olds with 132,000 euros decided to go to the money themselves? 😂👌

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Patrick N.@Pneuser

1Yr

Have comes from hold 🦆

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DividendenRambo@DividendenRambo

1Yr

The Greens and Leftists like that. All equal...all equally poor....

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Nicolas@ToNic

1Yr

Why is Malta so blatant?

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Samuel We@Sammmy

1Yr

Why do we pay then again exactly into the EU as net contributors ... Belgium and Luxembourg are net recipients against xD

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b0wm@b0wm

1Yr

Interesting objection, I thought so too. Perhaps because GDP is compared with net household wealth?

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Dani@Dangu

1Yr

Why is Switzerland not listed?

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jll@vjj

1Yr

I just say: Switzerland 🇨🇭

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Michael@Wellenreiter

1Yr

The ownership rate in Germany alone is lousy. If we had a higher ownership rate, as in all other EU countries, there would be more money available for retirement provisions for each individual. We don't even have to talk about the pension and tax level, which is no longer attractive for anyone who performs. Skilled workers are also no longer attracted to Germany for precisely this reason. A nice book about this from the bestselling author Daniel Stelter "The fairy tale of the rich country".

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Peter M.@market_whizkid_11

1Yr

What kind of statistic is that? 16-37 years/ per household? So a family, father 50 mother 45 child 16 falls into it at all net

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matze1985@matze1985

1Yr

Ehm why median? Only the average is interesting, not the median?

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