"An individual there basically gets a job to take a mortgage and that's it regarding life aspirations."
Doesn't that describe most if not all economies that have middle class?
Private mortgage was considered a great way to increase national wealth in "rich" post-WW2 economies. And so it became part of "the expected economic life path of the middle-class employee".
Most people who are employed work to satisfy basic economic needs: 1. house 2. food 3. health and after that 4. leisure. Some even turn to 5. investment at some point.
So I'm not sure what you are trying to say? Maybe expand/rephraze it a little bit?
Doesn't that describe most if not all economies that have middle class?
Private mortgage was considered a great way to increase national wealth in "rich" post-WW2 economies. And so it became part of "the expected economic life path of the middle-class employee".
Most people who are employed work to satisfy basic economic needs: 1. house 2. food 3. health and after that 4. leisure. Some even turn to 5. investment at some point.
So I'm not sure what you are trying to say? Maybe expand/rephraze it a little bit?