In Germany, I mean. About 16 percent of the German population doesn’t have anything left over to save anymore.

But the rest who do are still pretty good at it–and they are just as conservative about their saving strategies as they have ever been. Some 49 percent of savers save using the good old-fashioned savings account, 35 percent still like the old Bausparvertrag technique (a savings contract with a home building society), 31 percent save using insurance policies and only about 22 percent go for stocks and bonds.

And that all of these numbers added up together give you a number like way higher than 100 percent only goes to show you just how good at saving these Germans really are. Damn. I wish we could do that.

“Lediglich fünf Prozent aller Sparer legen besonderen Wert darauf, dass sie die Finanzprodukte, in die sie investieren, auch vollständig verstehen.”