Suche
Mein Konto
Upcoming pension increase in 2024: This is what pensioners need to know
Over 20 million pensioners in Germany can look forward to an increase: the statutory pension is set to rise nationwide by 3.5 percent on July 1, 2024, according to the federal government's pension insurance report. That should be enough to offset the expected inflation. Nevertheless, many pensioners see themselves at a disadvantage compared to pensioners. This is how the two supply systems work – and this is what they achieve. As rp-online.de reports, an increase in the statutory pension in Germany is imminent. This increase on July 1, 2024 should amount to 3.5 percent and is expected to compensate for the expected inflation. However, the disparity between retirees and retirees is an ongoing issue, with many retirees...
Upcoming pension increase in 2024: This is what pensioners need to know
Over 20 million pensioners in Germany can look forward to an increase: the statutory pension is set to rise nationwide by 3.5 percent on July 1, 2024, according to the federal government's pension insurance report. That should be enough to offset the expected inflation. Nevertheless, many pensioners see themselves at a disadvantage compared to pensioners. This is how the two supply systems work – and this is what they achieve.
How rp-online.de reported, an increase in the statutory pension in Germany is imminent. This increase on July 1, 2024 should amount to 3.5 percent and is expected to compensate for the expected inflation. However, the discrepancy between retirees and retirees is an ongoing issue, with many retirees feeling disadvantaged in comparison.
Impact on the market
The increase in the statutory pension is expected to lead to higher purchasing power among pensioners as it is intended to offset inflation. This could have a positive impact on the consumer market as retirees may spend more money. Companies that target older audiences could benefit from this development.
Impact on the financial industry
Financial institutions may need to adapt their products and services to respond to the increasing purchasing power of retirees. This could lead to an increased offering of retiree-friendly financial products tailored to the specific needs of this group.
Read the source article at rp-online.de