latimes: Germany has the economic strengths America once boasted: Germany with its manufacturing base and export prowess is the U.S. of yesteryear, an economic power unlike any of its European neighbors. It has thrived on principles America seems to have lost. The couple, in their early 50s, aren’t retired or well off. They live in a small Tudor-style house in this middle-class town about 30 miles northwest of Frankfurt. He’s a foreman at a glass factory; she works part time for a company that tracks inventories for retailers. Their combined income is a modest $40,000. Yet the Krugers have a higher standard of living than many Americans who have twice that income. Their secret: little debt, frugal habits and a government that is intensely focused on high production, low inflation and extensive social services. That has given them job security and good medical care as well as well-maintained roads, trains and bike paths. Both of their adult children are out on their own, thanks in part to Germany’s job-training system and heavy subsidies for university education. For instance, Volkmar’s out-of-pocket costs for stomach surgery and 10 days in a hospital totaled just $13 a day. College tuition for their son runs about $260 a semester. Photo: Vera and Volkmar Kruger, seen here in the town of Limburg, Germany, not far from their home in Elz, earn about $40,000 a year but live as well as an American couple making twice as much. Credit: Don Lee / Los Angeles Times This.
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latimes:

Germany has the economic strengths America once boasted: Germany with its manufacturing base and export prowess is the U.S. of yesteryear, an economic power unlike any of its European neighbors. It has thrived on principles America seems to have lost.

The couple, in their early 50s, aren’t retired or well off. They live in a small Tudor-style house in this middle-class town about 30 miles northwest of Frankfurt. He’s a foreman at a glass factory; she works part time for a company that tracks inventories for retailers. Their combined income is a modest $40,000.

Yet the Krugers have a higher standard of living than many Americans who have twice that income.

Their secret: little debt, frugal habits and a government that is intensely focused on high production, low inflation and extensive social services.

That has given them job security and good medical care as well as well-maintained roads, trains and bike paths. Both of their adult children are out on their own, thanks in part to Germany’s job-training system and heavy subsidies for university education.

For instance, Volkmar’s out-of-pocket costs for stomach surgery and 10 days in a hospital totaled just $13 a day. College tuition for their son runs about $260 a semester.

Photo: Vera and Volkmar Kruger, seen here in the town of Limburg, Germany, not far from their home in Elz, earn about $40,000 a year but live as well as an American couple making twice as much. Credit: Don Lee / Los Angeles Times

This.

Source: Los Angeles Times

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    This is one of those few times when I think about moving back…
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  10. shmullus reblogged this from latimes and added:
    >For instance, Volkmar’s out-of-pocket costs for stomach surgery and 10 days in a hospital totaled just $13 a day....
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    The American Dream...alive and well… IN GERMANY!
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