Overview

• Beginning 1 January 2026, every child from age 6 to 18 would receive €10 per month invested in a stock-based savings plan locked until retirement.
• Chancellor Friedrich Merz presents the measure as a financial-education push designed to reduce future reliance on the state pension.
• The program is expected to cost roughly €1 billion per year once launched.
• IG Metall and other unions oppose the plan, arguing the funds should reinforce the public pension system instead of subsidizing private equity saving.
• A bill is due in autumn, with key details still undecided, including who opens the accounts, how they are taxed, and governance; analysts also cite demographic strain and note that high long-term returns would be needed for meaningful impact.