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7mo ago

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.

Das Statistische Bundesamt meldet ein neues Rekordhoch bei der Grundsicherung im Alter. Noch nie bezogen in Deutschland mehr Rentner zusätzlich zu ihrer Rente Sozialhilfe als heute.
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Overview

  • 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.