Just The Facts

Germany: What Makes A Nation Rich or Poor?

Are Germans less financially wealthy than those in Europe’s poorer countries?

Credit: Augusto Cabral/Shutterstock.com

Takeaways


  • Germans are less wealthy on average than those in many of the nations they are bailing out.

1. While Germany has held its own in the midst of the European crisis, Germans are less wealthy on average than those in many of the nations they are bailing out.

2. With average household assets of 51,000 euros, Germans are in actuality less wealthy than Slovaks.

3. Somewhat shockingly, they are only half as wealthy as Greeks (102,000 euros).

4. Germans are also one-fifth as wealthy as Cypriots (267,000 euros).

5. They are one-eighth as rich as people in Luxembourg (398,000 euros).

6. A key explanation of the discrepancy is that most Germans rent their homes instead of owning them.

From Germany: Europe’s poor relation by Holger Steltzner (Frankfurter Allgemeine Zeitung)

 

 

Tags: , , ,

Responses to “Germany: What Makes A Nation Rich or Poor?”

If you would like to comment, please visit our Facebook page.

Privacy Preference Center

Necessary Cookies

The use of certain cookies is required for the site to function correctly.

Advertising

Analytics

Improve content and site performance.

Other