You absolutely must take into account what counts as assets in each country.
In Germany, the statutory pension is generally excluded. With an average of 20 years of benefits and 1,000 euros per month, that adds up to over 200k…
In Germany, the statutory pension is generally excluded. With an average of 20 years of benefits and 1,000 euros per month, that adds up to over 200k…
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@Wealth-Accelerator Good point—that’s excluded in all countries, which makes sense to me in a way. The UBS Wealth Report measures only readily available assets (stocks, cash, real estate) that can be converted into cash at any time. Pension entitlements are excluded from that.
(By the way, I don’t consider my pension entitlements to be assets either... 😉)
(By the way, I don’t consider my pension entitlements to be assets either... 😉)
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•@Part_Time_Joe Me neither 😉
I've just noticed many times that countries that already have something like a stock-based pension plan rank much higher, because it's factored into the calculation.
I've just noticed many times that countries that already have something like a stock-based pension plan rank much higher, because it's factored into the calculation.
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•@Wealth-Accelerator So, according to the report, this is factored out—at least that's how I understood it. But if you take that into account, the order could certainly change again... it's quite possible 🙂
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