466
How many people live in their own property?
(i.imgur.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 28 Sep 2023
466 points (97.2% liked)
Europe
8332 readers
1 users here now
News/Interesting Stories/Beautiful Pictures from Europe ๐ช๐บ
(Current banner: Thunder mountain, Germany, ๐ฉ๐ช ) Feel free to post submissions for banner pictures
Rules
(This list is obviously incomplete, but it will get expanded when necessary)
- Be nice to each other (e.g. No direct insults against each other);
- No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed;
- No posts linking to mis-information funded by foreign states or billionaires.
Also check out !yurop@lemm.ee
founded 1 year ago
MODERATORS
The money of Germans is in the Rentenkasse and is not considered net worth in these studies. It's like not counting 401k's for Americans.
But it's also in the company's and state's hand. Every part of German economy is allowed to have wealth. Every part but that, who sells their work for it.
Because it's different than the 401k. The money you pay into the Rentenkasse is converted into points which are a "promise" that you may get old-age pension someday in the future. It's not like a saving account where you put away your money.