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Retirement before acute financial hardships - economy: "Need 1.5 million immigrants per year"

2022-01-19T09:00:47.378Z


Retirement before acute financial hardships - economy: "Need 1.5 million immigrants per year" Created: 01/19/2022, 09:48 am By: Patricia Huber The German pension system is facing a financing problem. © Michael Gstettenbauer/Imago Images The German pension system can no longer function in the long run. The economics Monika Schnitzer now names two possible solutions for Markus Lanz. Berlin - Th


Retirement before acute financial hardships - economy: "Need 1.5 million immigrants per year"

Created: 01/19/2022, 09:48 am

By: Patricia Huber

The German pension system is facing a financing problem.

© Michael Gstettenbauer/Imago Images

The German pension system can no longer function in the long run.

The economics Monika Schnitzer now names two possible solutions for Markus Lanz.

Berlin - The current pension system in Germany is causing increasing concern for experts.

Due to demographic change and an aging society, a financing problem can no longer be stopped - at least if the current model is retained.

Therefore, the calls for a new model, such as that of the Swedes, are getting louder and louder.

Pension: Currently three people work for one pensioner

The future of pensions* was also a topic on Markus Lanz's talk show on January 13th.

There was also the professor Dr.

Monika Schnitzer from the Ludwig-Maximilians-University in Munich.

She is one of the four economic wise men currently being advised by the federal government.

“Currently three people work for one pensioner.

In 15 years: two people for one retiree,” explains Schnitzer.

It is obvious that this cannot work in the long term.

Around 100 billion euros are currently going into the pension fund from the federal budget.

But how do you solve this generational problem?

For this, the economy names two suggestions as to how the federal government could intervene.

Schnitzer sees three possible solutions: retirement age*, pension level and contribution rates.

All three screws must be worked on in order to make the pension system sustainable.

Schnitzer also sees potential in the planned capital cover.

Pension: Wirtschaftsweise names two solution models

A possible option to not let the pension rates rise any further. Schnitzer explains: "That would be the Austrian model, where you say: We'll retire with a nice pension when we've reached old age. We currently have 48 percent. But then the pension will not rise with the wages of the entire population, as we are doing at the moment, but we will only increase it with inflation.” Schnitzer emphasizes again and again that it is not about reducing the pension, but about a lower one Increase.

Schnitzer calls immigration the second solution.

Since too many pensioners have too few contributors, Germany needs more people to pay into the pension fund.

The economist cites 400,000 immigrants per year as a benchmark.

However, a total of 1.5 million people would then have to immigrate, since almost a million citizens emigrate every year.

However, this approach is viewed critically by politicians and also by moderator Markus Lanz.

After all, immigration always means integration.

"I have never heard anyone in government at the moment say clearly that we need 1.5 million people to immigrate each year," says Lanz.

He also wonders where these people are supposed to come from.

(ph) *Merkur.de is an offer from IPPEN.MEDIA.

Source: merkur

All news articles on 2022-01-19

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