this post was submitted on 28 Aug 2024
374 points (97.7% liked)
YUROP
1200 readers
1 users here now
A laid back community for good news, pictures and general discussions among people living in Europe.
Other European communities
Other casual communities:
Language communities
Cities
Countries
- !albania@lemmy.world
- !austria@feddit.org
- !belgique@jlai.lu
- !belgium@lemmy.world
- !croatia@lemmy.world
- https://feddit.dk
- !deutschland@feddit.org / !germany@feddit.org
- !eesti@lemm.ee
- https://lemmy.eus/
- !finland@sopuli.xyz
- !france@jlai.lu
- https://foros.fediverso.gal/
- !greece@lemmy.world
- !hungary@lemmy.world
- Italy: !news@feddit.it
- !ireland@lemmy.world
- !northern_ireland@feddit.uk
- !norway@lemmy.world
- !thenetherlands@feddit.nl
- Poland: !wiadomosci@szmer.info
- !portugal@lemmy.pt
- !romania@feddit.ro
- !suisse@lemmy.world
- !sweden@lemmy.world
- !ukraine@sopuli.xyz
- !unitedkingdom@feddit.uk
- !wales@lemm.ee
founded 9 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I dont know where this OP is living but having a million Euros in savings is definitely NOT normal, nor is it "middle-class". Yes the houses can cost that much, most are mortgaged and the owners saddles with half a million in debt, desperately hoping for the prices to rise to make a profit. And there's a significant housing shortage in several western euro countries too.
Rich people usually dont have their wealth laying around on a savings account, but rather own shares of a company or property or something else, but not cash. If you're lucky and bought a house in a metropolitan area a few decades ago, it's also not unlikely that you're a millionaire on paper with a normal middle class income. Just having double the income of the average isn't that absurd, some people just earn a little more than others. The real issue is waaaaay above this level of wealth. Not the 60y/o guy who has a few hundred thousand in his pension savings.