finance

German Households Pass €10 Trillion in Savings After Disciplined Decade of Highest Savings Rates

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German Households Pass €10 Trillion in Savings After Disciplined Decade of Highest Savings Rates

DZ Bank branch in Munich – credit Fred Romero CC 2.0. Having maintained the highest household savings rate among European countries for 10 years, German citizens have together squirreled away $11 trillion in personal wealth. This gargantuan rainy day fund was the result of a 20-21% average savings rate maintained by the country between 2014 … Read more

Gen Z is Turning Out to be More Financially Strategic Than Their Stereotype Portends

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Gen Z is Turning Out to be More Financially Strategic Than Their Stereotype Portends

Credit: Igal Ness Is Gen Z the strategic generation? A new poll shows they are shunning impulse spending in favor of long-term goals. The new nationwide survey of 2,000 Gen Z American adults (defined as those born between 1997 and 2012) revealed that one in three (33%) identified themselves as planners who budget, track spending, … Read more