Germany's Savings History Exhibition
This is a Hamburg news story, published by PONDERWALL - Distilling Knowledge From Deluge, that relates primarily to German Confederation news.
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German saversPONDERWALL - Distilling Knowledge From Deluge
•Germany's Deep Rooted Obsession With Saving - A Brief History
78% Informative
First savings bank opened in 1778 in Hamburg .
By 1836 , there were more than 300 of these savings banks operating in the then German Confederation .
Germans consistently saved more than 8% of their disposable income over the last two decades .
Germans not only save more than their UK counterparts, but the deep rooted national habit has more implications than those numbers would reveal.
VR Score
79
Informative language
79
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14
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semi-formal
Language
English
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57
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19
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10
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