As I am german it was even more interesting for me to read.
But cuponing is not typical here. It only exists for very few years and not to the extent of the US.
And we have very few people investing in stocks, funds and ETF.
The experience of our grandparents losing almost all 2x within 50 years is ingrained.
And if you were not luckily living in the western parts even your real estate was gone.
Not without their fault, I admit.
