>Considering Germany is an economic powerhouse this law probably isn't harming the economy
US median household annual disposable PPP income is around $34,000.
German median household annual disposable PPP income is around $25,000.
Note PPP means adjusted for cost of living, so that is not hiding the difference.
There is likely some differences in household makeup, etc., but it seems unlikely that any demographic difference is going to make up for Germans having ~25% less disposable income.
So somehow the US system is generating significantly more disposable income for its people.
US median household annual disposable PPP income is around $34,000.
German median household annual disposable PPP income is around $25,000.
Note PPP means adjusted for cost of living, so that is not hiding the difference.
There is likely some differences in household makeup, etc., but it seems unlikely that any demographic difference is going to make up for Germans having ~25% less disposable income.
So somehow the US system is generating significantly more disposable income for its people.
[1] https://en.wikipedia.org/wiki/Median_income