The corona pandemic is tearing big holes in the state coffers - and there is also demographic change.
The "economic wise men" advise increasing the retirement age.
The
German government's economic advisors
, also known as the “five economic modes”, recently
presented
their
annual report
on the development of the German economy.
As expected, the consequences of the corona pandemic are also mentioned in it.
One detail is likely to cause many worries here: Because the economy advises an increase in the retirement age *.
Consequences of the corona crisis could have an impact on the retirement age
In a current representative survey by Deka-Bank, which is available to the Bild-Zeitung, many respondents fear the negative consequences of the corona pandemic on pension payments.
Around a third assume that the
retirement age will be raised
- and this fear is not unfounded.
According to the annual report of the “Wirtschaftweise”, the
effects of demographic change
are likely
to make it more difficult to consolidate public finances after the corona pandemic.
The prognosis is that rising life expectancy, low birth rates, moderate immigration and the upcoming retirement of baby boomers will put an extreme strain on the social security system.
Also interesting
: pension shock for millions of Germans - zero round expected in the west in 2021.
Retire at 70?
Economic experts recommend increasing the retirement age
As a long-term solution to this problem, the experts see an
increase in the retirement age
"through a link to the increasing further life expectancy".
And further: "
Two-thirds of
the
increasing life expectancy
would be divided
into a longer employment phase and one-third into a longer retirement phase
." In short, this means: the older people who work can get, the longer they should work.
In order to set the course for a longer period of employment, the “economic wise men” advise in their annual report to systematic further training, opportunities for retraining, better protection against disability, but also to “avoiding incentives for early retirement”.
* Merkur.de is part of the nationwide Ippen-Digital editors network.
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