In case you hadn’t noticed, German psychology is different than other kinds of folks’ psychology (volks-psychology?). At least when it comes to saving money it is.
Whereas Americans, let’s say, save the little that they can when times are hard and then toss it out with both fists like crazy people the first chance they get, Germans save when the times are hard and then save even more when the times are good again. The spending part gets removed from the calculation here entirely.
And that’s what’s happening now, again. Now that the financial crisis is ancient history and everything is booming here again and unemployment is supposedly under three million and milk and honey are flowing down the streets and into the gutter and all that, private Germans are saving more privately than ever–an average of about 11.5 percent of what they’ve earned this past six months.
And no, they don’t maybe know something that the rest of us don’t know. They’re just hamsters. It’s in their jeans. I mean genes.
“Für die privaten Haushalte zusammen ergibt sich ein Sparvolumen von rund 93 Milliarden Euro.”
PS: I’m thinking now it’s maybe just a big game or something that only the initiated (the Germans themselves) know about. Whoever has saved the most money by the time he or she dies, wins.