Challenge of the aging society: Inadequate levy system and political consequences

Challenge of the aging society: Inadequate levy system and political consequences

According to a report by www.swyrl.tv, published on December 22, 2023, experts warn of the massive effects of demographic change in Germany. Accordingly, the average age of Germans will rise significantly in the coming years, while at the same time the number of employees will retire due to the “baby boomer” generation. This leads to a deficit of seven million able-bodied people who have to pay pension contributions.

This demographic development could have serious social and economic consequences. Sociologist Stefan Schulz warns of a lack of financial resources to meet pension requirements. The tight “pay-as-you-go” system means that contributions paid are paid directly to pensioners, which leads to a fragile situation. Schulz also warns that the demographic imbalances could “checkmate” democracy, as there will be federal states in which there are more voters with a care level than voters under the age of 30.

The discussion at the “Markus Lanz” appearance also showed that the political priority is placed primarily on the older generation, while the younger generation is neglected. Retirement at 63 is viewed as critical as it could lead to an even greater shortage of contributors. Business journalist Rainer Hank calls for a gradual extension of working hours in order to counteract these challenges. At the same time, he points out that an older society does not necessarily lead to impoverishment, but also offers opportunities for a longer and more fulfilling life.

The discussion about the low birth rate shows different views. Some see economic reasons as the main cause, while others emphasize that the overall social appreciation of families and children is crucial. The debate shows that demographic changes can have profound effects on the labor market, pension systems and the entire economy. It is crucial that politicians and society take appropriate measures to address these challenges and find long-term solutions.