Comments by "Lisa Culton" (@LisaCulton) on "You're Being Gaslit By Generational Wealth" video.
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I lived in Germany for years and what I noticed is that they truly believe that they are rich and much better educated than the average American, but none of that is true. For example, a majority of Americans own a single family home, while the majority of Germans live in small (by American standards) rented apartments. Or, a typical American family will have multiple nice cars, to include things like a full-size SUV or pickup, Germans will have one tiny cheap car, if any(usually due to the high costs of owning a car starting with Mwst,Kfz Steuer, fuel, parking, insurance). Even as a "regular" American growing up in a rural area, we got cars at age 16 when we got our driver's license so that we could drive ourselves to school and other activities.
Lastly, significantly more Americans have college degrees as compared to Germans and do earn far more money. Plus, taxes are much lower in the US than in Germany. In the US, you will have more Netto from Brutto.
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@fRiiEdA97 I define net worth by subtracting liabilities from assets and most Germans have a low net worth and will also receive a very low Rente. I used to see the old people desperately collecting Pfanflaschen in Frankfurt and lining up at the Tafel in Penzberg...
As for cars, it was definitely needed when I lived on Oberbayern. As a matter of fact, it was indispensable. Same as when I lived in Rheinland Pfalz. Getting along without a car in Frankfurt may have been possible, but very difficult because my son's school was quite a distance from my home and workplace.
I actually owned two properties in Germany until recently, and how many Germans own even one?
As for me, my undergraduate education including room and board was free because I had an academic scholarship. For medical school, I had a combination of grants and loans, which I had no issues paying back
Regarding healthcare, my premiums in both the USA and Switzerland were/are significantly less than in Germany. In Germany, I was subsidizing probably 3 families so that they could have "affordable" healthcare.
Germany is a disaster and that's why I left. At the end of the day, people there will end up desperate for food and heating after working for 45 years. No thanks.
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