According to Germany’s federal bank, on average Germans have savings of €214,000. Some studies indicate, however, that nowhere in Europe is wealth as unevenly distributed as in Germany.
Although global wealth has grown substantially in the past decade, the so-called millennial generation is finding it harder to excel financially than previous generations due to greater inequality and joblessness.
The latest International Monetary Fund’s Fiscal Monitor report has focused on inequality and ways of reducing both its causes and effects. Among several fascinating ideas it discusses, universal basic income stands out.
The World Economic Forum has said that it will take 217 years until women have equal pay and representation in the workplace. It's the second year that the organization has recorded worsening economic inequality.
Germany has a booming economy but most Germans are not particularly wealthy. Hans-Böckler-Stiftung says that the danger of poverty in Germany is comparatively high and measures should be taken to avoid a crisis.
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