pensioners
An increasing number of older Germans are relying on state benefits to top up their pensions, according to figures from the Federal Statistics Office. The data was shared at the request of the left-wing BSW Group and reported on by German newspaper "Neue Osnabrücker Zeitung". In the first quarter of 2024, a record number of 719,330 pensioners received basic social security support. That's an increase of almost 35,000 since March 2023, and a jump of around 511,915 since 2015. Germany is currently raising its pension age from 65 years to 67, with the upper threshold now applying to anyone born a...
Euronews (English)
Earnings-related pensions overwhelmingly constitute the primary source of income for Europeans aged 65 and older. However, less than half of EU consumers are confident that they will have enough money to live comfortably throughout their retirement. In several countries, this confidence level falls to 30% or even less. This raises concerns about pension adequacy. Protecting older people against poverty is a key function of pension systems. Old-age pension is periodic payments intended to: 1. Maintain the income of the beneficiary after retirement from paid employment at the legal or standard a...
Euronews (English)
Pension planning has been a key topic in the last few months, amid the current economic uncertainty involving higher interest rates, rising inflation and the cost of living crisis in many countries. This has left some workers wondering if they are saving enough for their pensions, and if not, worrying about how to attain their retirement goals in a sustainable and comfortable way. This, in turn, has resulted in the rise of a variety of financial and pension planning rules, concerning how might be the best and most efficient way to apportion your money. According to various financial experts, t...
Euronews (English)
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