As an Asian student who is studying in Germany, I just found these information online. Do u think these datas are objectively reasonable depending on your experience? Does it only mean the money in the bank account without counting money management such as stocks, or is it really the total household savings.

by Agitated_Onion_6698

8 comments

  2. I don’t know what you expect with such a question. Refute a statistic with singular stories will never work. Just because I and maybe all other here have other experiences, it does not mean that the statistic is wrong.

    Refuting it will only work if you find a flaw in their methods, but you didn’t link any source, so we don’t know who reliable the othe is and the study is.

  4. sorry the links are here.
    https://www.statista.com/statistics/1221242/savings-per-capita-in-germany/
    https://www.statista.com/statistics/1221239/savings-per-capita-in-france/
    Yea I mean I know some rich people such as my landlord who owns the whole building where I live. And for ordinary people they can save such amount of money easily with the good paid salary compared to Asia.
    I am just wondering and want to know more about the European society🐤

  6. That seems realistic. Maybe the average household was able to save 6k in 2020. Doesn’t seem far fetched. People with good jobs certainly more but lots of people who live paycheck to paycheck can’t put money by side.

  7. This is most likely including stocks, ETF are popular in Germany.

    The median income is about 42k gross p.a. and with current costs of living and inflation most people can’t save at all or manage to save a couple thousand per year. We are nowhere near income and saving level of the USA for example.

    If you manage to save 5k per year total that’s a lot, for most people it’s way less.

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