Because pension is not enough: the majority of Germans work longer

Because pension is not enough: the majority of Germans work longer

New survey
Majority of Germans would work longer – because the pension is not enough








With tax billions, the federal government wants to keep the pension stable. However, according to a survey, many future pensioners have doubts. A majority therefore plans differently.

Is the legal pension enough in old age? No, I think almost three quarters of the workers in a YouGov survey for Postbank. In order to keep their standard of living, a good half (54.3 percent) of the 1163 employed people would be willing to work beyond the statutory retirement age – mostly in part -time and up to the age of 70.

retirement
These years get the lowest pensions in Germany

However, every fifth of this group (19.8 percent) would only work further if they earn more. A third of the respondents reject longer employment in old age.

Tax billions for the pension

The federal government wants to reduce hurdles so that older employees can continue to work if they want. In addition, Federal Social Minister Bärbel BAS (SPD) is aiming to secure the pension level with billions of billions in 48 percent by 2031.

Older couple lies on a picnic blanket and talks about pension

Missing retirement provision
How much pension do you get when you have never worked?

To use tax money to stabilize the statutory pension, almost two thirds (63 percent) of the adults surveyed in Germany at the end of May are correct. However, more than every second respondent (57.3 percent) doubts that tax revenues can keep the pension level stable in the long term.

Desire for more funding for stocks for old -age provision

About half of the respondents therefore also meet private provision for a financially carefree retirement as possible. Almost 70 percent would be good if the state would promote the investment in securities such as stocks and funds for retirement provision – even among children and adolescents.

Work longer for longer? In any case, the pension at 70 would not be popular

Empty pension fund
We already had the pension at 70. Will she come back soon?

In other countries such as the Netherlands, Great Britain, Sweden or the USA, income from stocks and other financial products are an important component of the income of pensioners.

Dpa

ari

Source: Stern

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