There are many rich Germans. In 2003 private assets are estimated to have been worth ?5 trillion ($5.6 trillion), half of which belongs to the richest tenth of the population. But with money comes stinginess, especially when it comes to giving to higher education. America devotes twice as much of its income to universities and colleges as Germany (2.6% of gdp, against 1.1%) mainly because of higher private spending-and bigger donations.
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