These are the countries in which pensioners are best off – Germany is not even among the top 10
Created: 12/16/2022, 12:02 p.m
By: Patricia Huber
In an international comparison, Germany has fallen quite a bit when it comes to pensions.
Our country is weakening in the pension index and does not even make it into the top ten.
Paris – More than a quarter of German pensioners have a monthly net income of less than 1000 euros.
This is shown by data from the Federal Statistical Office from September 2022. Financially, things are looking difficult for many senior citizens in Germany.
Especially now, in times of extremely high inflation, low pensions are becoming an ever greater problem.
This is also reflected in an international comparison.
Pension: Analysis examines 18 different factors
According to this year's "Global Retirement Index" by the asset management company Natixis, Germany has slowed down quite a bit.
The annual analysis examines the situation of pensioners in 44 countries.
Decisive are 18 factors, which in turn were divided into four categories.
Health
: life expectancy, health expenditure per capita, uninsured health expenditure
Quality
of life : happiness, air quality, water and sanitation, biodiversity and habitat, environmental factors
Material wealth:
income equality, per capita income, unemployment
Finances in Retirement: Retirement
, Bad Bank Loans (Defaulting Debtors), Inflation, Interest Rates, Tax Burden, Governance, National Debt
Pension ranking: Norway in first place
At the end there is a score in percent for each country.
The following applies: the higher, the better.
Norway secured first place in the ranking with a total score of 81 percent.
The Scandinavians were the most convincing in the "Health" category with a score of a whopping 91 percent.
The high life expectancy in particular ensures Norway has such a high score in this area.
Luxembourg and Japan are in second and third place in the health ranking.
In the overall ranking, Switzerland secured second place.
Germany's neighbors stand out among the top ten in the area of "finances in retirement".
The main reason for this is the extremely low inflation rate of three percent.
Little Iceland is in third place.
There is a pretty good average in all areas considered.
Last year, however, it was still able to secure first place in the pension report.
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Pensions in Germany: lack of income equality depresses the score
Germany, on the other hand, does not even make it into the top ten and has slipped three places down to eleventh position compared to the previous year – behind the Czech Republic.
Germany made the biggest losses in the “Material Prosperity” category.
This is due to the low income equality score.
The finances in retirement are also looking bad – but no worse than in previous years.
With a score of 55 percent, Germany occupies 30th place in an international comparison.
(ph)
