Saving
Germans squirrel away 10% of disposable income regardless of economic crises or interest rates, double that of the average European or American. Only Swedes & Swiss save more. In contrast, Britons save about 3%. In 2016, their savings rate was actually negative. 1778: world’s 1st savings bank founded in Hamburg. Most Germans view the stock market as a casino
Guessed the Word? Series 51 (5/7) pic: oldiefan