The German pension system in an international comparison: Falling birth rates and demographic change are having a negative impact.

The German pension system in an international comparison: Falling birth rates and demographic change are having a negative impact.

The German pension system has become less attractive in international comparison, as shown by the Global Pension Index. Germany is currently in 19th place out of a total of 47 countries. The lack of sustainability of the system is particularly criticized, due to demographic change and the falling birth rate. The level of benefits for pensioners, however, is considered sufficient.

In comparison, the Netherlands leads the rankings with 85 points. Your pension system is based on three pillars: the basic pension from the statutory pension insurance, company pension funds and private provision. Iceland, Denmark, Israel, Australia, Finland, Singapore, Norway, Sweden and Great Britain follow in places two to ten.

The Global Pension Index points out that pension systems around the world are struggling with an aging population, with inflation and rising interest rates posing further challenges. It is therefore recommended to invest in private pension provision to ensure long-term financial security.

Source: According to a report by www.noz.de