Good Morning from Germany, where savers work harder than their money. Allianz ranks Germany just 12th in net financial assets per capita: €91,780 vs €296,950 in the US. Over the past decade, market gains generated only 33% of German financial asset growth, vs 71% in North America. Germans added almost twice as much fresh savings relative to existing assets and still saw slower growth. A nation of diligent savers is paying the price for weak investment returns.