It hasn't been this low since.....before the Great Depression. Guess who was ruining the country before the Depression hit?...The repukes.
They even passed a law in the 1920s reducing inheritance tax and the Dancing Supremes ruled that Minimum Wage laws were unconstitutional. Welcome to a repeat of the 1920s.
6. You got it .. they're able to save, travel freely, and are assured of retirement.
There's no fear of what could happen if someone in the family had a terrible illness, which devastates many American families. Their health care system costs half of what the US spends to administer ours. :eyes:
1. Where is any money left over to "save" if you are in debt to begin with? 2. If you aren't in debt, then you use your "disposable income" to purchase non-necessities. 3. Even if you place your money in a savings account, you lose the value of your assets between the pittance paid via interest and the cost of inflation eroding its value.
I have been told home ownership is quite difficult over there, due to the extremely high prices. If you don't have house payments, it is easier to save money.
by visitors to Germany and they comment endlessly about the frugality and subsequent prosperity of the German people. It's the first thing I thought of when reading your post.
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