21 January 2024

Why #Germany is rich but Germans are poor and angry | Holger Zschaepitz @Schuldensuehner

 


Germany’s grossly unequal distribution of wealth is contributing to the country’s malaise. The median household in Germany has just €107k of net assets, while the wealthiest 10% have at least €725k. Reconciling the Free Democrats’ anti-borrowing philosophy w/Social Democrats’ commitment to welfare spending & the Greens’ determination to promote decarbonization has led to bickering & compromises that satisfy almost nobody. bloomberg.com/opinion/articl

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