Pensioners in Germany will receive an average pension of 1,084 euros per month in 2022 - 15 euros less than before.

Pensioners in Germany will receive an average pension of 1,084 euros per month in 2022 - 15 euros less than before.

R Pensioners who retired in Germany in 2022 received an average of 1,084 euros per month, which is 15 euros less than seniors who were already receiving pensions beforehand. This emerges from a response from the Federal Ministry of Labor to a request from the left-wing faction in the Bundestag, as the RND newspapers reported at the weekend. The figures are based on statistics from the German pension insurance, it said. Left parliamentary group leader Dietmar Bartsch called the state of the statutory pension “very worrying”. He told the editorial network Germany (RND): “If new pensioners have less money in their pockets than existing pensioners, that is a fatal development.”

This development is worrying and may have potential implications for the market and the financial industry. If pensioners have less money at their disposal, they could consume less and thus influence the sales of some industries. Lower pensions could also mean people have less money to invest, which could hurt demand for financial products such as stocks and mutual funds.

Another possible effect of this development is increased poverty in old age. People with low wages and precarious work are particularly affected by this development, especially in the East in the 1990s. This group of retirees is seeing pension levels fall and may have difficulty making a living.

It is important that politicians take measures to stabilize pensions and provide pensioners with financial security. A possible solution would be to increase pension contributions or introduce a state subsidy for low-income pensioners. It is also important that each individual prepares for his or her pension early and takes financial precautions to ensure security in old age.

According to a report by www.welt.de,