Pension in Germany: where most of the elderly work – manager magazin
Friday, September 14, 2018
Where most old people work
For our stock market expert Robert Halver, the German pension system is a "ticking time bomb". Germany needed a revolution in old-age provision, he recently recommended in a guest contribution: Even those who earn 2000 euros gross for 40 years could expect only a pension on Hartz IV level later.
The chart by Statista shows the effects of rising retirement ages and impending poverty on the labor markets of the OECD countries: Germany is above the EU average with 7 percent working over 65, but also far below countries such as Switzerland or Sweden that show similar age on paper.
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