{"id":2014,"date":"2008-01-03T08:55:25","date_gmt":"2008-01-03T15:55:25","guid":{"rendered":"http:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/"},"modified":"2008-01-03T08:55:25","modified_gmt":"2008-01-03T15:55:25","slug":"germans-and-their-money","status":"publish","type":"post","link":"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/","title":{"rendered":"germans and their money"},"content":{"rendered":"<p>Germans don&#8217;t like to part from their money. On average each of them has 57.900 Euro (85,000 Dollars right now) in the bank or in stocks. Per person. Not per household. On average people in Germany spend 10% less than they make. That probably explains why S-Class Mercedes or Porsches are a rare sight here. They get made and sold to people that have the money (these days mostly found in countries with oil) or ones that pretend they have (hm, let me guess where that would be). Tragically much of those saved Euro&#8217;s were used to finance US mortages.<\/p>\n<p>Right now the Iraq war seems to have cost 482 Billion US$.<br \/>\nSo Germany could have paid for 14 of those. From it&#8217;s savings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germans don&#8217;t like to part from their money. On average each of them has 57.900 Euro (85,000 Dollars right now) in the bank or in stocks. Per person. Not per household. On average people in Germany spend 10% less than they make. That probably explains why S-Class Mercedes or Porsches are a rare sight here. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20,18],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Germans and Their Money: Savings, Stereotypes, and S-Class Mercedes<\/title>\n<meta name=\"description\" content=\"Germans hoard cash like squirrels hoard nuts. A peek into German wallets, bank accounts, and why you don&#039;t see many Porsches on their streets.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germans and Their Money: Savings, Stereotypes, and S-Class Mercedes\" \/>\n<meta property=\"og:description\" content=\"Germans hoard cash like squirrels hoard nuts. A peek into German wallets, bank accounts, and why you don&#039;t see many Porsches on their streets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/\" \/>\n<meta property=\"og:site_name\" content=\"Andreas Wacker\" \/>\n<meta property=\"article:published_time\" content=\"2008-01-03T15:55:25+00:00\" \/>\n<meta name=\"author\" content=\"1\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@_andreaswacker\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"1\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/\"},\"author\":{\"name\":\"1\",\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/#\/schema\/person\/691b5221b886b3b09742e476a16e5631\"},\"headline\":\"germans and their money\",\"datePublished\":\"2008-01-03T15:55:25+00:00\",\"dateModified\":\"2008-01-03T15:55:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/\"},\"wordCount\":126,\"publisher\":{\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/#\/schema\/person\/c1f46a348eafeb52ee54843dce18442a\"},\"articleSection\":[\"economy\",\"politics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/\",\"url\":\"https:\/\/www.andreaswacker.com\/blog\/2008\/01\/03\/germans-and-their-money\/\",\"name\":\"Germans and Their Money: Savings, Stereotypes, and S-Class Mercedes\",\"isPartOf\":{\"@id\":\"https:\/\/www.andreaswacker.com\/blog\/#website\"},\"datePublished\":\"2008-01-03T15:55:25+00:00\",\"dateModified\":\"2008-01-03T15:55:25+00:00\",\"description\":\"Germans hoard cash like squirrels hoard nuts. 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