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Germans Are Among 'Poorest' In Europe


YouKnowWhatIMeanLike

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In a recent study conducted by the Bundesbank thousands of households were asked in-depth questions about their financial situations – including their income, property, outgoings and how likely it would be for them to lose their jobs. As it turns out Germans are mostly asset-poor compared to their European neighbors. For example renters the largest group in the study had assets of just €10,300.
 
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Dublin 4

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You'll love my German Debt Thread.

All good things to those who wait :p

 

seabhcan

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In a recent study conducted by the Bundesbank thousands of households were asked in-depth questions about their financial situations – including their income, property, outgoings and how likely it would be for them to lose their jobs. As it turns out Germans are mostly asset-poor compared to their European neighbors. For example renters the largest group in the study had assets of just €10,300.
Ya - but renters are so protected under german lease law that they don't need to own the place they live. Owning property in Germany is for mugs.
 

YouKnowWhatIMeanLike

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Ya - but renters are so protected under german lease law that they don't need to own the place they live. Owning property in Germany is for mugs.
still poor. no surprise weidmann doesn't like the idea to bailout multi-millionaire public sector pensioners and to keep reckless politicians in the juice.
 
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Narcissist

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I'd imagine there are many people in eastern Europe that dream of being 'as poor' as the average German.
 

Crazy horse 6

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In a recent study conducted by the Bundesbank thousands of households were asked in-depth questions about their financial situations – including their income, property, outgoings and how likely it would be for them to lose their jobs. As it turns out Germans are mostly asset-poor compared to their European neighbors. For example renters the largest group in the study had assets of just €10,300.
10,300 assets :eek: Not bad imo.
 

jo9jo

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In a recent study conducted by the Bundesbank thousands of households were asked in-depth questions about their financial situations – including their income, property, outgoings and how likely it would be for them to lose their jobs. As it turns out Germans are mostly asset-poor compared to their European neighbors. For example renters the largest group in the study had assets of just €10,300.

Relax the cax.
This was a survey where the people were asked about their financial situation.

In Germany there is a phrase "man redet nicht über Geld, man hat's".

Germans usually see the half empty glass so I guess they were hopping the ball of the people doing the survey.

Don't believe it for a moment that they are the pooresr in Europe.
 

Shpake

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There must be better figures... income per capita, lorenz curves...

Is the study saying that 10,300 is the mode mean median? any idea how the sample was collected ?
 

YouKnowWhatIMeanLike

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I wonder did they count assets net of debt? The average Irish people must have negative wealth.
Including debt in the median in France it's €113,500, in Spain €178,300, Italy €163,900, Austria €76,400 and in Germany €51,400. Now I'd like to see the Irish numbers. it's all part of an ECB study, when will they be released?
 

Belodedici

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Seems like an accurate study to me, with Hertz IV and Arbeitslosengeld you are means tested within an inch of your existence, maybe why you see so many unemployed folk rummaging for empty bottles in the bins in order to avail of Pfand for reusable bottles, much fairer system than the dole lifer's.
 

YouKnowWhatIMeanLike

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There must be better figures... income per capita, lorenz curves...

Is the study saying that 10,300 is the mode mean median? any idea how the sample was collected ?
the numbers are in the median, here is the study, it's all part of European wide report the ECB is dragging its heels on.
 

elliebee

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Ya - but renters are so protected under german lease law that they don't need to own the place they live. Owning property in Germany is for mugs.
And we're fast catching up. Look at the property tax - renters exempt!
 

jo9jo

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Why on earth are they using the Geni coefficient ?

No good ever came from that.
 
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