More and more pensioners in Germany are struggling with debts - gloomy forecast by experts

The number of retirees who can no longer pay their bills continues to rise dramatically.

The assessment of experts shows how great the plight of many older people is.

Old-age poverty

is a problem for many people in Germany.

Many

* have

and can no longer pay their bills - and according to the latest figures, the number of those affected has increased massively.

Since 2013, the number of

over has more than quadrupled - to around 470,000 affected people, as the Creditreform credit report reported to a report by the German Press Agency (dpa) in its “

”.

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More and more pensioners in Germany are struggling with debts

In the past twelve months alone, the number of

seniors

over was

, according to the study, by 23 percent.

increased, reports dpa.

At the same time,

the number of

increased by 13 percent to around 725,000.

According to the dpa,

the

report a

.

The number of

who picked up groceries from the food banks had "increased alarmingly within just one year," said the chairman of the food bank in Germany, Jochen Brühl.

In just 15 years, every fifth pensioner could be at

risk

of

.

Also read:

Growing old-age poverty in Germany - various reasons

According to the experts, the

reasons for the

are varied: On the one hand, as dpa reports, according to earlier information from Creditreform, the pension reforms of the past decades are noticeable here, almost all of which were aimed at reducing the level of security of the statutory pension.

In addition, according to the dpa, the

and the

sector

also had an impact

.

The sometimes dramatic

plays a role, the report said.

Read here:

Problem with debt: Older people have a particularly difficult time

According to the dpa, the experts from Creditreform emphasized that

.

While younger people often see poverty as a temporary phase of life and have the prospect of working their way out of their difficult situation, this is usually no longer the case with older people.

When they

the chances of older people to improve their economic situation decrease drastically.

The problem is exacerbated by the fact that those affected often

do not make use of the

they are entitled to

.

(

Read here

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