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