Record Number of German Pensioners Rely on Social Assistance

The number of elderly Germans needing financial aid has surged to nearly 729,000, highlighting a growing issue of pension inadequacy.

The number of pensioners receiving basic financial support in Germany has reached an all-time high, with 728,990 individuals relying on social assistance as of mid-2024.
This figure marks a 5.4% increase from the previous year and a 39% rise compared to 2015, indicating a persistent upward trend in elderly poverty.
Women are disproportionately affected, constituting 56.6% of those receiving financial aid, underscoring gender disparities in retirement income.
Critics, including BSW leader Sahra Wagenknecht, blame the current government for the situation, calling for reforms like adopting an Austrian-style pension system.
Rising living costs, particularly due to inflation, are exacerbating the financial struggles of retirees, with many avoiding social aid due to stigma.