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2w ago

Germany to Raise Pensions by 3.74% as Low-Income Retirees Fall to 23.4%

The government’s July raise will strengthen retirees’ purchasing power after a marked decrease in low incomes coincided with a surge in those working past 67.

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Münzen und eine Banknote liegen auf einer Renteninformation der Deutschen Rentenversicherung
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Overview

  • In 2024, the share of German retirees earning under €1,500 monthly dropped from 29.6% to 23.4%, according to Statistisches Bundesamt data.
  • More than half of pensioners (51.8%) had net equivalent incomes exceeding €2,000 per month in 2024.
  • Starting July 2025, pensions will increase by 3.74% to uphold a replacement rate of 48% of average gross wages, outpacing anticipated inflation.
  • Over 1.1 million individuals aged 67 and above remained employed in 2024, marking the highest level of working retirees on record.
  • Debate continues as Sahra Wagenknecht warns of persistent poverty risk among pensioners while Bernd Raffelhüschen highlights higher asset levels for the elderly compared to other groups.