In Germany people have to work for their money, in other countries money works for the people.
This is how the Allianz fund company summed up its global wealth study a few years ago, and it is still the case today.
Elsewhere, much more money is invested in the capital market and thus a higher return is achieved.
The capital increases by itself.
The Bundesbank's report on the financial assets of Germans reliably shows quarter after quarter how Germans put aside a considerable part of their hard-earned income from work, but then let the money sour in checking and overnight money accounts.
In other countries, pension funds manage huge assets.
Private old-age provision on the capital market is standard.
In Germany, however, pensions and savings accounts continue to be overestimated as sufficient for old age, as an Allensbach survey commissioned by MLP shows.
Of course, MLP has a business interest in higher private old-age provision on the capital market.
However, clinging to old prejudices out of sheer distrust of the financial industry and settling comfortably in your own financial world can take revenge.
Unfortunately mostly only in old age.
Then it is quite late for a rethink.
Many people need a nudge from the state.
Maybe a share pension and more economics will help in school.
However, initiative would be the better way and would go faster.