Besides the fact that the rich don't need to spend on big-ticket items like higher education, what does Geoghegan speculate is the reason for why the savings rate is so high in Germany?

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Chapter31: The Impacts Of Government Borrowing
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Besides the fact that the rich don't need to spend
on big-ticket items like higher education, what
does Geoghegan speculate is the reason for why
the savings rate is so high in Germany?
Transcribed Image Text:Besides the fact that the rich don't need to spend on big-ticket items like higher education, what does Geoghegan speculate is the reason for why the savings rate is so high in Germany?
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