A disgrace for Germany: More than 7 million pensioners receive less than 1,250 euros per month

A disgrace for Germany: More than 7 million pensioners receive less than 1,250 euros per month

According to a report by www.welt.de, more than seven million pensioners in Germany have to get by on less than 1,250 euros net per month. This represents more than 42 percent of all pension recipients in the country, with more than five million of them being women. In addition, around one in four pension recipients receives less than 1,000 euros per month. The average gross pension in 2022 was 1,728 euros for men and 1,316 euros for women.

These figures illustrate the precarious financial situation of many pensioners in Germany. In particular, rising inflation has a negative impact on their financial situation. Left-wing politician Dietmar Bartsch described this situation as a “demonstration of poverty for our country” and called for a one-off and additional pension increase of ten percent to at least compensate for inflation.

This requirement could have a significant impact on the financial market and the financial industry. A pension increase of this magnitude would lead to a higher financial burden on the pension insurance. This could result in contribution rates having to be increased to cover the additional costs. In addition, insurance companies and investment funds could benefit from increased demand for pension-related financial products. In addition, a pension increase could also have an impact on consumption, as pensioners with higher incomes tend to spend more money.

Overall, the demand for a pension increase shows the complexity and interactions within the financial industry and the market. It is important to carefully analyze the short- and long-term impacts to make informed decisions.